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Boustead, Pharmaniaga, Bursa Malaysia, RHB Bank, Greatech, Genting Malaysia, S P Setia, Lii Hen, Bintai Kinden, TCS Group, Willowglen MSC and Westports

KUALA LUMPUR (Feb 2): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, Feb 3) include: Boustead Holdings Bhd, Pharmaniaga Bhd, Bursa Malaysia Bhd, RHB Bank Bhd, Greatech Technology Bhd, Genting Malaysia Bhd (GenM), S P Setia Bhd, Lii Hen Industries Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Willowglen MSC Bhd and Westports Holdings Bhd.
Lembaga Tabung Angkatan Tentera (LTAT) has decided not to pursue the privatisation of
Boustead Holdings Bhd at this juncture, after taking into consideration the current challenging economic environment arising from the Covid-19 pandemic and the reimplementation of Movement Control Order. ....

Kuala Lumpur , United States , Saudi Arabia , Datuk Choong Kai , Khazanah Nasional Bhd , Lembaga Tabung Angkatan Tentera , Petaling Jaya , Temokin Sdn Bhd Ttemokin , Harapan Sdn Bhd , Nik Rizal Kamil , Sdn Bhd , Pharmaniaga Bhd , Sp Setia Bhd , Syed Ahmad Taufilk Albar , Banking Group , Movement Control Order , Bank Bhd , Stanley Leisure Ireland Unlimited Company , Ministry Of Health , Lii Hen Industries Bhd , Greatech Integration United States Inc , Tropicana Corp Bhd , Boustead Holdings Bhd , Greatech Technology Bhd , Greatech Group , Westports Holdings Bhd ,

S P Setia set to reach 2020 sales target

“Moving forward, other than focusing on clearing the completed inventories, S P Setia will remain prudent with new launches, concentrating on the mid-range landed homes in established townships to cater to the demand of owner-occupiers.”
PETALING JAYA: S P Setia Bhd is on track to achieve its 2020 sales target of RM3.8bil, considering that the company had already secured new sales and bookings of RM2.9bil and RM1.8bil respectively as at Oct 31,2020.
TA Securities Reseaerch in a report yesterday said sales momentum has been encouraging, as buyers are taking advantage of the current low interest rate environment and incentives offered under the Penjana initiative. ....

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Newsmakers 2020: Corporate musical chairs

Kumpulan Wang Persaraan (Diperbadankan)
Former Lembaga Tabung Angkatan Tentera (LTAT) chief executive Nik Amlizan, 51, was tasked in 2019 with moving the organisation beyond the financial mismanagement and irregularities that it had been embroiled in. In October 201, she took over the reins from Tan Sri Lodin Wok Kamaruddin, who had stepped down in the wake of the scandal.
Nik Amlizan is the first woman to helm the armed forces pension fund. She moved quickly to get LTAT back on track, putting in place a five-year strategic plan, along with Haniz Nazlan, who had joined the organisation in August 2019 in the newly created role of chief investment officer (CIO). Haniz told The Edge in a June interview that LTAT had lined up more than 30 investment-related initiatives for 2020 alone, which involved establishing the right framework and detailed investment plans, as well as enhancing existing policies and processes to guide the long-term transformation journey towards becoming ....

Kuala Lumpur , United Kingdom , Khazanah Nasional Bhd , Jose Barrock , Noor Kamarul , Anthony Loke , Haniz Nazlan , Ahmad Zulqarnain , Kumpulan Wang Persaraan Diperbadankan , Kang Siew , Bolton Bhd , Raja Azmi Nazuddin , Permodalan Nasional Bhd , Lembaga Tabung Angkatan Tentera , Perikatan Nasional , Raja Azmi , Nik Amlizan Mohamed , Amrin Awaluddin , Celcom Axiata Bhd , Kamarul Azhar , Nik Amlizan , Kang Siew Li , Imri Mokhtar , Sp Setia Bhd , Jalil Rasheed , Pengurusan Danaharta Nasional Bhd ,

CGS-CIMB: S P Setia plans to launch projects up to RM3.7b GDV in FY21

KUALA LUMPUR (Jan 7): CGS-CIMB Research gathered that S P Setia Bhd plans to launch projects worth up to RM3.7 billion in gross development value (GDV) in financial year 2021 (FY21), versus the RM2.8 billion planned GDV in FY20F, out of which about 94% will be in Malaysia.
Some 54% of the total new launches would be projects with properties priced below RM1 million each, with the rest comprising properties priced above RM1 million each. In terms of product mix, about 67% will be landed residential units, followed by condominiums and apartments (14%), commercial units (9%), serviced apartments (4%), affordable housing (4%), and industrial units (2%), said CGS-CIMB analyst Ngo Siew Teng in a report today. ....

Kuala Lumpur , Taman Pelangi , Pulau Pinang , Bandar Kinrara , Setia Alam , Setia Alamsari , Setia Tropika , Ngo Siew Teng , Temasya Glenmarie , Sp Setia Bhd , Setia Fontaines , Movement Control Order , Setia Eco Hill , Malaysia Virtual Corporate , குவாலா லம்பூர் , புலௌஉ பினாங் , செடிய ஆலம் , ஸ்ப் செடிய ப்ட் , இயக்கம் கட்டுப்பாடு ஆர்டர் , செடிய சூழல் மலை , மலேசியா மெய்நிகர் பெருநிறுவன ,

S P Setia has positive property prospects

SP Setia promoting its homes to new potential markets, taking advantage of strong demand.
20060112 StarBiz Pg1 - Magean
KUALA LUMPUR: MIDF Research has maintained its “buy” call on on S P Setia Bhd following a management meeting that reaffirmed the positive prospects of the group’s property division.
According to MIDF, S P Setia’s management is confident it will hit its new sales target of RM3.8bil in financial year 2020 (FY20).
The group recorded new sales of RM2.86bil as at October 2020 and expects new sales to be strong in the final quarter of the year.
“We gather that sales from its matured townships such as Setia Alam and Bandar Kinrara remain encouraging, as new launches in the townships enjoyed good take-up rate of more than 90%, ” said MIDF. ....

Kuala Lumpur , New South Wales , Bandar Kinrara , Setia Alam , Alam Impian , Sp Setia Bhd , Battersea Power Station , குவாலா லம்பூர் , புதியது தெற்கு வேல்ஸ் , செடிய ஆலம் , ஸ்ப் செடிய ப்ட் , பாட்டெர்செஞ் பவர் நிலையம் ,