Kuala Lumpur, 12 June 2026 – CIMB Securities has maintained its “Hold” call on S P Setia Bhd, signalling a more cautious view on the property developer as investors continue to weigh weaker near-term earnings momentum against the group’s longer-term landbank value, sales pipeline and domestic property exposure.

The research house’s stance reflects the mixed picture facing one of Malaysia’s most recognised property developers. S P Setia remains a major name in township development and residential projects, but its latest quarterly earnings showed that the recovery path for property counters may not be evenly distributed across the sector.

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Abigail Cheong

I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.