Tuesday, January 18, 2011

SP Setia : Buy On Rumor, Sell On News

Buy on rumor, sell on news.

Applied nicely to SP Setia Bhd, as its shares price down today after announcement it plans to undertake a mixed residential and commercial project in Bangsar, Kuala Lumpur, giving the government a 20 per cent share of its net profit from it.

It closed at RM6.41 down 29 sen. Lowest and highest of the day, RM6.30 and RM6.70 respectively.


All its warrants also down,

SP Setia-CB -5.5 sen, closed at RM0.715.
SP Setia-CC -2 sen, closed at RM0.225.
SP Setia-WB -35 sen, closed at RM1.88.

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