Moomoo Learn wrote a post · Nov 29, 2023 18:24

S P Setia Reports Strong Sales Growth and Strategic Acquisitions

$SPSETIA(8664.MY)$ reported the total revenue for Q3 2023 increased compared to the same period last year, with total revenue of RM 1.079 billion (+25% YoY). Net profit for Q3 2023 was RM 51.822 million.

The property development business achieved revenue of RM 994 million and pre-tax profit of RM 138 million for Q3 2023, an increase from the same period last year. This is due to the delivery of UNO Melbourne (Stage 2) offsetting higher financing costs from rising interest rates, with significant contribution expected in the final quarter.

Out of the three property developers, $SIMEPROP(5288.MY)$ has the highest dividend yield at 3.20%, whereas $UEMS(5148.MY)$ has the lowest dividend yield, at 0.63%. Additionally, $UEMS(5148.MY)$ holds the distinction of having the highest P/E ratio among them, at 57.14.

S P Setia Reports Strong Sales Growth and Strategic Acquisitions

If you're interested in financial statements of $SPSETIA (8664.MY)$, you are highly recommended checking out the SPSETIA Earnings Interpretation Replay presented by Afif Iza!

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