Alfred Loo's comment on SPSETIA. All Comments

Alfred Loo
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1) SP Setia has a strong P&L, Balance Sheet & Positive Cash Flow

2) SP Setia is a renowned Property Developer in Housing, Commercial & Township

3) SP Setia has business projects in Malaysia, Vietnam, United Kingdom, & Singapore.

4) SP Setia owns a significant amount of land properties.

5) SP Setia is owned by PNB and in turn PNB is Governed by MOF. This creates a check & balance in the Group.

6) Comparatively SP Setia is almost on par with Gamuda.

7) SP Setia have heavyweight Investors behind them, ranging from Retirement Fund Agency, Local & Foreign Banks, Private
Companies & etc..

Their share price went down in previous years was mainly due to Covid-19 Pandemic, that caused an economy down turn.

So yea, in my opinion SP Setia is undervalued and has the potential to go higher.

(Disclaimer: This is just my own opinion, please do own research first before investing). I missed the RM 0.80 train. Hopefully can go lower during Raya sell off, so can collect as low as possible.
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