KUALA LUMPUR: Public Investment Bank is maintaining its Outperform call on SP Setia but with an adjusted target price of RM4.30 from RM4.40 after the recent placement and land deals (c.10% discount to RNAV of RM4.80 from RM4.87 previously).
“We still favor SP Setia for its sizable and well-located landbank, consistent performance and good earnings visibility,” the research house said in a report on Friday.
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