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New developments to share
- Thread starter wuqi256
- Start date
Some internal troubles at SP Setia:
S P Setia's leadership, human capital remain key specific issues - RHB Research
By Bernama
Friday, 28 June 2013 17:30
KUALA LUMPUR: S P Setia Bhd's leadership and human capital remain the key specific issues of the company, says RHB Research.
In a note today, RHB Research said the confirmed departure of chief executive officer, Tan Sri Liew Kee Sin, has not only dampened investor sentiment on the stock, but also the work morale.
"Thus far, the management has received about 200 resignations since the beginning of 2013, and we believe it will somewhat affect the operations of the company this year," it said.
RHB Research said this has also largely explained its neutral view on the stock all the while.
It has maintained its neutral rating on S P Setia with a lower fair value of RM3.54.
HwangDBS Vickers Research said Liew may be leaving earlier than expected.
It said the exodus of staff has started, at a time when manpower was needed to realise SP Setia's record unbilled sales, heightening execution risk.
"Hence, we downgrade our call to 'hold' and cut target price to RM3.50 from RM4.10," it said. - Bernama
http://www.theedgeproperty.com/news...-remain-key-specific-issues-rhb-research.html
S P Setia's leadership, human capital remain key specific issues - RHB Research
By Bernama
Friday, 28 June 2013 17:30
KUALA LUMPUR: S P Setia Bhd's leadership and human capital remain the key specific issues of the company, says RHB Research.
In a note today, RHB Research said the confirmed departure of chief executive officer, Tan Sri Liew Kee Sin, has not only dampened investor sentiment on the stock, but also the work morale.
"Thus far, the management has received about 200 resignations since the beginning of 2013, and we believe it will somewhat affect the operations of the company this year," it said.
RHB Research said this has also largely explained its neutral view on the stock all the while.
It has maintained its neutral rating on S P Setia with a lower fair value of RM3.54.
HwangDBS Vickers Research said Liew may be leaving earlier than expected.
It said the exodus of staff has started, at a time when manpower was needed to realise SP Setia's record unbilled sales, heightening execution risk.
"Hence, we downgrade our call to 'hold' and cut target price to RM3.50 from RM4.10," it said. - Bernama
http://www.theedgeproperty.com/news...-remain-key-specific-issues-rhb-research.html
Will the CEO's departure and resignation of so many staff affect the progress of their projects. Did they smell something fishy?
I think the staff is not happy with the PNB hostile takeover Setia.
Thats why the chairman started ecoworld, looks like he has planned his exit
Can see those staff at ecoworld are very familiar... all are ex-setia staff...
besides, eco botanic in nusajaya looks nice... concept also nice... strata title... price wise is reasonable also...
How's the location?
It would be interesting how the new management going to execute their battersea power station project in London. Massive project with massive execution risk following the departure of 200 loyalist...
too early to say price wise is reasonable - now the price is not confirmed yet as they will rely on the demand to finalize the price and based on that, i dont think the development will come cheap ....
Location is very good... Near to exit 311
Saw there is Newcastle Uni, drive past saw a lot of power cables. Is that the place? Is the cheque collection still going on?
Yes but am concerned if the power cables will be bad for our health.
I am not sure vey sure the exact location, but it is quite near to educity and horizon hill...
actually even exxt Ledang is quite near to the high tension cable too...
They are still collecting the cheque still...
there are quite a lot of ppl going to the show house to view...
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Is there a show house? When I was there last week they told me not yet, only models in the showgallery.
the showhouse will be onsite. Still under construction i believe
Yeap! Now see green and high tension cables only.
Is it very near those high tension cables?
Not very good in judging but visually seem quite closed but the office staff say it is approx. 150m clearance.
Not very good in judging but visually seem quite closed but the office staff say it is approx. 150m clearance.
150 meters is not too far away...
Do they bank in the cheque or they just keep it ?
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