KUALA LUMPUR: Maybank Investment Bank Research is maintaining its earnings forecast and RM1.29 target price for SP Setia Bhd
with a Buy call.
The research house said on Friday three key takeaways from its conference call with SP Setia were: 1) the consortium (SPSB-SDPR-EPF) of Battersea Power Station (BPS) has done all the necessary provisions for the unsold units at BPS’ phase 2 and 3A;
2) SP Setia is focusing on clearing its inventories. Non-strategic land sales however seem unlikely to materialise in 2020; and
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