<div class=newsTextDataWrapInner><p><strong>SP Setia Bhd (-ve)</strong><br />
PROPERTY developer SP Setia (Fundamental: 1.9/3, Valuation: 2/3) first triggered our momentum algorithm yesterday, rising 3.8% to close at RM3.28.</p></div>

<div class=newsTextDataWrapInner><p>Last Thursday, the company announced stellar 3Q results – having, in June, changed their financial year end from October to December.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Net profit for the nine months ended July more than doubled to RM590.3 million on the back of a 62.7% growth in revenue to RM4.2 billion. The profit growth was mainly attributed to increased contributions from the property development and other operations segments, especially from the recognition of profit from the handovers of its Fulton Lane project in Melbourne, Australia.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SP Setia has unbilled sales of RM9.9 billion as at end-July, providing earnings visibility for another 2 years. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The stock trades at a trailing 12-month P/E of 11.5 times and 1.3 times book. Its largest shareholder, Permodalan Nasional Bhd, owns a 51.05% stake in the company.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><img alt="sp-setia_swm_ded18092015_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/sp-setia_swm_ded18092015_theedgemarkets.png" style="height:883px; margin:5px; width:666px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>digitaledge Daily,</em> on September 18, 2015.</p></div>


SP Setia Bhd (-ve)
PROPERTY developer SP Setia (Fundamental: 1.9/3, Valuation: 2/3) first triggered our momentum algorithm yesterday, rising 3.8% to close at RM3.28.

Last Thursday, the company announced stellar 3Q results – having, in June, changed their financia...

Stock With Momentum: SP Setia

Local institutions continued to support Bursa Malaysia for the ninth consecutive week, recording net equity purchases of RM1.05 billion million last week, according to MIDF Research.

This was an increase from the net inflow of RM995.5 million in the preceding week.

Local institutions extend buying streak on Bursa Malaysia for ninth week

Tuju Setia Bhd (KL:TJSETIA) has secured a contract worth RM389 million to build serviced apartments in Wangsa Maju, Setapak.

The contract involves construction of two blocks of 52-storey serviced apartments with 17 levels of automated car park, with rooftop facilities and common facilities at ground floor under the Milla Residence, the company said in a statement.

Tuju Setia wins RM389 mil construction contract

By asserting greater control over its oil and gas resources, Sarawak has forced Malaysia to confront a fundamental question: How much decentralisation is too much in a nation built on centralised governance? The recent announcement by Prime Minister Datuk Seri Anwar Ibrahim that negotiations betw...

My Say: Sarawak’s oil autonomy: A turning point for federalism and resource governance

EDGE WEEKLY: Medically (not) insured

KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price.

KLCC Holdings to develop 486 acres of land acquired from Bandar Malaysia

A scheduled meeting between Prime Minister Datuk Seri Anwar Ibrahim and Indonesian President Prabowo Subianto, which was set to take place in Langkawi on Monday has been postponed.

Anwar said he had arrived in Langkawi for the meeting, but Prabowo requested a few days' postponement due to illness on Sunday night.

Prabowo unwell, meeting with Anwar postponed

The case involving GISB Holdings Sdn Bhd chief executive officer Nasiruddin Mohd Ali, his wife Azura Md Yusof, and 20 others charged with being members of an organised criminal group has been transferred to the Shah Alam High Court.

Trial of GISB CEO, 21 others transferred to Shah Alam High Court

Bursa Malaysia Securities Bhd has updated its sustainability reporting requirements in the Main Market and ACE Market listing requirements to align with the National Sustainability Reporting Framework (NSRF).

Bursa updates sustainability reporting to align with National Sustainability Reporting Framework

The voting pattern at Tomypak Holdings Bhd’s (KL:TOMYPAK) recent annual general meeting (AGM) clearly shows that a group of shareholders with about 88 million shares, representing 20% of the company, are at odds with the current management. The 20% block voted against all seven resolutions tabled during the AGM held last week. During the meeting, an independent director, who had served on the board since 2015, was not retained.

Frankly Speaking: Interesting signs emerge at Tomypak’s AGM

Shares of Top Glove Corporation Bhd (KL:TOPGLOV) may have little upside as valuations stretched with the recent rally in share prices while earnings outlook remained clouded by both costs and sales concerns.

Top Glove shares have may little further upside amid stretched valuations, outlook cloudy — analysts

<p>Malaysia Airlines Bhd has grounded its brand-new Airbus A330neo for at least 48 hours following “a series of technical issues” in less than a week since its inaugural flight, <em>Business Times</em> reported.</p>


Malaysia Airlines grounds new Airbus plane barely days after first flight — report

<p>Oversea-Chinese Banking Corp Ltd will give a one-off payment to junior employees globally for the second year in a row to alleviate ongoing cost-of-living pressures.</p>


OCBC junior staff to receive S$7.5 mil cost-of-living payout

<p>Bursa Malaysia Bhd (KL:BURSA) said on Monday that it is currently embarking on the succession of its chief executive officer Datuk Muhamad Umar Swift through its nomination and remuneration committee.</p>


Bursa Malaysia says embarking on CEO succession

<p>KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd (Petronas), on Monday said that it has acquired 486 acres (196.68 hectares) of Bandar Malaysia land for an undisclosed price.</p>


<p>President-elect Donald Trump threatened to reassert US control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.</p>


Trump threatens to retake control of Panama Canal over transit fees

<p>Asian shares rallied on Monday after a benign reading on US inflation restored some hope for further policy easing next year, while there was relief that Washington had averted a government shutdown.</p>


Asia shares rally on US inflation relief

<p>Scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB) said on Monday it has filed a legal claim of more than US$1 billion (RM4.5 billion) against corporate services provider Amicorp Group and its chief executive officer, alleging the firm knowingly facilitated over US$7 billion in fraudulent transactions.</p>


1MDB files legal claim against Amicorp Group seeking over US$1b for alleged fraud

<p>International Finance Corporation (IFC) and a consortium of six global financial institutions will lend over US$900 million (RM4 billion) to US-based Yondr for the construction of its data centre in Malaysia.</p>


World Bank's IFC, consortium lend over US$900 mil to Yondr for data centre in Malaysia

<p>Tun Musa Aman was not a contender for the position of Yang Dipertua Negeri of Sabah as there were others, such as current chief minister Datuk Seri Hajiji Noor, in the running. His name only cropped up one month ago as a replacement for Tun Juhar Mahiruddin, whose term ends this month.</p>

<p>...

Alternative Views: Musa Aman’s comeback spells new chapter for Sabah politics

<p>Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite.</p>

<p>Consumer loans are rising at the highest rate in 16 years. Household borrowing exceeded incomes for the first time last year.</p>


Bankruptcies, suicides rise as Japanese struggle with mounting debt

<p>The High Court has dismissed Youth and Sports Minister Hannah Yeoh's libel suit against former inspector general of police Tan Sri Musa Hassan over his comments that she was trying to turn Malaysia into a “Christian nation”.</p>

<p>High Court Judicial Commissioner Arziah Mohamad Apandi in a decision delivered on Monday said that the Segambut Member of Parliament (MP) failed to establish essential elements in a defamatory suit and that there was no malice in Musa's statement. She awarded costs of RM40,000 to Musa.</p>


Court dismisses Hannah Yeoh's suit against former IGP over 'Christian nation' comment

<p>Shares of Top Glove Corporation Bhd (KL:TOPGLOV) may have little upside as valuations stretched with the recent rally in share prices while earnings outlook remained clouded by both costs and sales concerns.</p>


<p>Malaysia has been ranked first among regional peers in Southeast Asia in Knight Frank’s SEA-5 Data Centre Opportunity Index for the second consecutive year with an annual take-up of 429 megawatts (MW).</p>


Knight Frank: Malaysia continues to lead regional data centre index

<p>His second term doesn’t start for a month, but Donald Trump is already sending shock waves around the world.</p>

<p>His trade threats helped set off a cabinet crisis in Canada that has Prime Minister Justin Trudeau teetering. In Europe, tariff fears have weakened already-wobbling governments.</p>


Trump upending global politics a month before taking office

<p>The Madani Government’s initiative in implementing the Sumbangan Tunai Rahmah (STR) cash aid is seen as a very meaningful effort in helping the people face the current cost of living challenges.</p>


Madani government committed to ensuring people's well-being through Sumbangan Tunai Rahmah

<p>VentureTECH Sdn Bhd and MTC Orec Sdn Bhd have formed strategic partnerships to accelerate the development of MTC Orec's biomethane plants, reinforcing both companies' commitment to sustainable growth and renewable energy innovation.</p>


VentureTECH, MTC Orec partner to accelerate biomethane projects in Malaysia

<p>News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (US$2 billion or RM9.5 billion) including debt, cutting the Murdoch-controlled media empire's exposure to a business up-ended by streaming platforms.</p>


Murdoch's News Corp to sell Foxtel to Britain's DAZN for US$2.1 bil

<p>In a rare display of “independence”, the independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) told shareholders to reject the offer to take the company private.</p>


Frankly Speaking: Funds put in a bind over MAHB

<p>It will be a pretty quiet week ahead as Christmas, which falls on Wednesday, will see most global economies’ markets closed except for China, Thailand, Japan and Vietnam. For Boxing Day, markets in Hong Kong, New Zealand, Australia, as well as most of Europe and Canada, will also be closed. North Korea will commemorate Constitution Day on Dec 27.</p>


The Week Ahead: Window-dressing expectation amid holiday season

<p>Australia’s new targets for carbon emission cuts by 2035 are expected to be delayed by several months as a result of Donald Trump’s return to the White House, likely pushing them out beyond the next election which is due to be held by May.</p>
