“We believe the outlook for SP Setia remains stable premised on its strong unbilled sales of RM10.95bil and overseas contribution beginning 2020,” AmInvestment said in a note.
KUALA LUMPUR: SP Setia Bhd
’s 50%-owned Retro Highland has entered into an agreement with the Kuala Lumpur City Hall (DBKL) to undertake a public housing project in Cheras.
In return, Retro Highland will be awarded 52.25 acres of leasehold land in Cheras, where it will carry out a project with a gross development value (GDV) of RM11.03bil over a development period of 11 years.
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