On 29 October 2018, SP Setia Berhad is crowned as the top property developer in Malaysia. Indeed, it is an amazing feat considering that S P Setia Bhd is winning the top spot of The Edge Malaysia Top Property Developers Award (TPDA) for a third consecutive time this year.
Is that good news to its shareholders?
Not really, I suppose. Its stock price has fell to its 5-Year Low since 2014. Today, S P Setia Bhd is trading at RM 2.09 a share, almost a 50% dip from its highest of RM 4.00 at the end-2017.
Source: Google Finance
Like always, the question is: ‘Should we dismiss S P Setia Bhd as an investment or do we view this as an opportunity to grab some of its shares?’
To me, I believe the answer lies in its fundamental strength and its current plan to grow in the …