RHB Research upgrades SP Setia to buy call with higher target price of RM1.48 | Malay Mail

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KUALA LUMPUR, April 21 ― RHB Research has upgraded SP Setia Bhd to a buy recommendation from neutral with a higher target price (TP) of RM1.48 from RM1.28, driven by better prospects of the company's financial position. In a research note today, RHB Research said SP Setia’s financial position...

Thursday, 21 Apr 2022 11:48 AM MYT

In a research note today, RHB Research said SP Setia’s financial position should gradually improve from the second half onwards, with degearing being the property developer's top priority. “Our new TP is now based on a 65 per cent discount to revalued net asset value with a two per cent environmental, social and governance premium,” it said.

Source: News Formal (newsformal.com)

 

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