SPSETIA-PA

0.925

+0.005 (+0.5%)
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Strong pickup in earnings for S P Setia

S P Setia Bhd’s earnings should pick up strongly in the fourth quarter of 2023 due to the delivery of its Melbourne projects and potential sale of land, according to Maybank Investment Bank (Maybank IB) Research.
TheStar18 Aug, 2023 00:00am - 8 months

Cyberview appoints Kamarul Ariffin as new CEO

KUALA LUMPUR: Tech hub developer Cyberview Sdn Bhd has named Kamarul Ariffin Abdul Samad as its new chief executive officer (CEO), effective August 14, 2023.
TheStar17 Aug, 2023 19:41pm - 8 months

Trading ideas: Seacera, MAHB, S P Setia, MMHE, Sam Engineering, SeGi, Eversendai and Velesto Energy

KUALA LUMPUR: Stocks that could come on investors' radar screen include Seacera, MAHB, S P Setia, MMHE, Sam Engineering, SeGi, Eversendai and Velesto Energy, said Apex Research.
TheStar17 Aug, 2023 08:28am - 8 months

S P Setia secures RM470mil in bookings

S P Setia Bhd, which is on track to achieve its sales target of RM4.2bil for its financial year ending Dec 31, 2023 (FY23), has secured total bookings of RM470mil as of June 30.
TheStar17 Aug, 2023 00:00am - 8 months

SP Setia's 2Q net profit almost halves on lower contribution from property business

KUALA LUMPUR: SP Setia Bhd's second quarter net profit ended June 30, 2023 nearly halved on lower contributions from the property development business and higher losses from the construction business.Net profit was down to RM43.1 million for the quarter, from ...
NST16 Aug, 2023 16:50pm - 8 months

S P Setia records sales of RM2.56bil in 1H23

KUALA LUMPUR: S P Setia Bhd said it registered total sales of RM2.56bil in the first half of 2023 with local projects contributing RM2.19bil or 86% of the sales.
TheStar16 Aug, 2023 13:45pm - 8 months

Land acquisitions predicted to rise

KUALA LUMPUR: Landbanking activities are anticipated to pick up for the remainder of the year, as developers seek to increase offerings and cater to the affordable market segment, say property consultants.
TheStar17 Jul, 2023 00:00am - 9 months

Cypark appoints Lindayani Tajudin as deputy CEO

KUALA LUMPUR: Cypark Resources Bhd has appointed Lindayani Tajudin as deputy chief executive officer effective July 17, 2023.
TheStar14 Jul, 2023 20:45pm - 9 months

Scientex makes another major land purchase

Scientex Bhd’s indirect subsidiary Scientex Lestari Sdn Bhd has entered into a conditional sales and purchase agreement with Seriemas Development Sdn Bhd. The deal is for the proposed acquisition of six parcels of freehold land in Mukim Senai in Kulai, Johor, for RM299.84mil.
TheStar12 Jul, 2023 00:00am - 9 months

Scientex buys another six parcels of land in Johor, this time for RM299.8 million

KUALA LUMPUR: Scientex Bhd's subsidiary Scientex Lestari Sdn Bhd is buying six parcels of land in Kulai, Johor from Seriemas Development Sdn Bhd for RM299.8 million, to build 7,000 affordable homes.The announcement comes less than a week after it ...
NST11 Jul, 2023 13:48pm - 9 months

Property developers : Rising construction costs may lead to higher house prices, unfinished projects

KUALA LUMPUR: Rising construction costs in the real estate and construction sectors will affect new developments and cause a cascade of events, according to industry players.New home prices particularly will be affected if the prices of land, building materials ...
NST11 Jul, 2023 08:58am - 9 months

Koe appointed as president of FIABCI International

PETALING JAYA: Datuk Seri Koe Peng Kang was appointed as the new president of the World Council of Developers and Investors of FIABCI (The International Real Estate Federation) for a one-year term, effective June 30, 2023.
TheStar11 Jul, 2023 00:00am - 9 months

Koe Peng Kang appointed as president of the World Council of Developers and Investors of FIABCI

KUALA LUMPUR: The International Real Estate Federation (FIABCI) has appointed Datuk Seri Koe Peng Kang as the new president of the World Council of Developers and Investors for a one-year term, effective June 30, 2023.
TheStar10 Jul, 2023 19:35pm - 9 months

Scientex Johor land buy bodes well for its prospect

Scientex Bhd’s proposal to buy eight parcels of freehold land in Tebrau, Johor, is expected to boost the company’s prospect in the affordable housing market.
TheStar07 Jul, 2023 00:00am - 9 months

S P Setia’s balance sheet expected to strengthen

S P Setia Bhd’s latest proposed asset sale, involving eight parcels of freehold land in Johor for RM547.7mil, is in line with the group’s aim to optimise and rebalance its landbank.
TheStar07 Jul, 2023 00:00am - 9 months

Another project by Mah Sing in Kepong

Mah Sing Group Bhd will be developing a 4.88-acre residential development in Kepong, Kuala Lumpur, with a total estimated gross development value (GDV) of RM500mil.
TheStar07 Jul, 2023 00:00am - 9 months

Trading ideas: LBS Bina, Scientex, SP Setia and Priceworth International

KUALA LUMPUR: Stocks to watch for include LBS Bina, Scientex, SP Setia and Priceworth International, said Apex Research.
TheStar06 Jul, 2023 08:23am - 9 months

S P Setia continues landbank optimisation

Scientex Bhd’s subsidiary Scientex Lestari Sdn Bhd has entered into a sale and purchase agreement (SPA) with Pelangi Sdn Bhd, a subsidiary of S P Setia Bhd, for the purchase of 959.72 acres of freehold land in Tebrau, Johor Baru for RM547.7mil.
TheStar06 Jul, 2023 00:00am - 9 months

SP Setia's RM4.2bil target may be breached

[email protected]: S P Setia Bhd may exceed its RM4.2 billion sales target for the year as it continues to focus on high-demand-driven products such as landed residences in well-known and established areas. Executive vice president Datuk Tan ...
NST05 Jul, 2023 21:35pm - 9 months

Scientex buys land in Johor Bahru city centre to build 12,000 affordable homes

KUALA LUMPUR: Scientex Bhd's subsidiary Scientex Lestari Sdn Bhd  is buying 960 acre land in Johor Bahru city centre for RM547.7 million, to build 12,000 affordable homes.The company today entered into a conditional sale and purchase agreement (SPA) with SP ...
NST05 Jul, 2023 18:58pm - 9 months
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