Analysts expect strong 4Q for S P Setia after Battersea Power delivers in 9M17

KUALA LUMPUR (Nov 10): S P Setia Bhd is expected to see strong results for its fourth quarter for financial year ending Dec 31, 2017 (4QFY17) after its core earnings for the first nine months of the financial year ending Dec 31, 2017 (9MFY17) came in stronger on year-on-year basis, supported by substantial higher earnings from the Battersea Power Station project, according to both Hong Leong Investment Bank (HLIB) Research and CIMB Equity Research.

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Higher Battersea cost due to building envelope

KUALA LUMPUR (Aug 18): S P Setia Bhd has confirmed that the second phase of the Battersea Power Station project in London has seen rising construction costs due to a push-up for the building envelope, changes in design and inflation.

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