SP Setia Bhd, Malaysia’s biggest property developer, was upgraded at RHB Research Institute Sdn Bhd, which said a “liquidity-led asset reflation” will boost property prices and strengthen profit margins.
The company’s stock rating was raised to “outperform” from “market perform” and its fair value increased to RM5.94 from RM4.95, Loong Kok Wen, an analyst, said in a report today. -- Bloomberg
Read more: SP Setia upgraded to 'outperform' at RHB http://www.btimes.com.my/Current_News/BTIMES/articles/20101020090338/Article/index_html#ixzz12spvCxzJ
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