Maybank IB Research retains Buy for SP Setia, TP RM1.29

Maybank Investment Bank Research is maintaining its earnings forecast and RM1.29 target price for SP Setia Bhd with a Buy call.

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;