Analysts expect revamp in S P Setia

PETALING JAYA: Investors should adopt a “trading stance” on S P Setia Bhd, even as a major restructuring exercise could take shape within months following a management shake-up in the country’s largest property developer by sales, analysts said.

S P Setia’s shares have lost 9.17% of their value since peaking at RM3.60 on July 24, partly pricing in its weaker-than-expected results and the uncertainties around its future direction.