Daily Industry News Update (17 December 2020)


S P Setia – on Track to Meet New Sales Target of RM3.8b

Virtual meeting with S P Setia. We had a virtual meeting with S P Setia and came out feeling reaffirmed on positive prospect of its property division. Key takeaways from the meeting as below: On track to meet new sales target of RM3.8b. Management is confident that S P Setia…

Bursa Malaysia opens higher but retreats thereafter

Bursa Malaysia opened higher today but retreated thereafter after a strong showing in the past two days despite the overnight US stocks strong performance. The investors on Wall Street were reacting positive to the news that US lawmakers were nearing a coronavirus relief

Developers with overseas exposure likely to do better in the medium term

Property developers with overseas exposure especially in China and Singapore will perform better in the medium term, and those involved in certain segments may outperform in the current market condition, says AmInvestment Bank. The firm’s head of equity research Joshu…

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