“We believe the outlook for SP Setia remains stable premised on its strong unbilled sales of RM10.95bil and overseas contribution beginning 2020,” AmInvestment said in a note.
PETALING JAYA: SP Setia Bhd
’s wholly owned subsidiary, Setia Fontaines Sdn Bhd, has received solicitor advice that the acquisition of five adjoining parcels of freehold land should be goods and services tax (GST) exempted.
In a filing with Bursa Malaysia yesterday, SP Setia said the tax exemption would be pursuant to item 1(1) of the first schedule of the GST (exempt supply) order 2014.
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