$SPSETIA / 8664 (S P SETIA BERHAD)
Research by MIDF
BUY – TP RM1.72

" Earnings Boosted by Land Sales Gain”

• 1HFY24 earnings above expectations
• Earnings boosted by land sales gain
• New sales at RM2.3b in 1HFY24
• Earnings forecast revised upwards
• Maintain BUY with a revised TP of RM1.72.

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my