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- We expect SP Setia’s 3QFY10 results to come in within our expectations, given its strong unbilled sales of RM2bn (as at Jul 2010 but before 3QFY10 earnings). In addition, 2H is also typically stronger in a financial year. To recap, 1HFY10 earnings made up about 47% of our full year net profit estimate of RM188.9m.
RHB Equity 360° - 20 September 2010 (SP Setia, Property; Technical: Genting Malaysia, Proton)
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