Finance and Accounting Research

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UNIVERSITI SAINS MALAYSIA

ADW 610 - Finance and Accounting for Management

Term Paper
SP SETIA BERHAD (8664)

Name:ONG SOON HOOI

Table of Contents
1.0 Abstract
2.0 Scope of Work
3.0 Objectives
4.0 Company Background
5.0 Company On-going and Future Prospects
6.0 Methodologies
7.1 Three Years Financial Performance Analysis
7.2.1 Three Year Financial Summary
7.2 Financial Data and Ratios
7.3 Liquidity Ratio
7.4 Leverage Ratio
7.5 Rates of Return
7.6 Profitability Indicator Ratios
7.7 Operating Performance Ratios
7.0 Results
8.8 Income Statement Highlight
8.9 Substantial Shareholding Analysis
8.10.2 Direct Shareholding
8.10.3 Indirect Shareholding
8.0 Limitation
9.0 Conclusion
10.10 Future Growth Drivers
10.11 Potential Risks
10.0 Bibliography

1.0Abstract
This term paper studies the methodologies for measuring and analysing the financial performance of the property development company over 3 financial years, starting FY 2009, FY 2010 to FY 2011. A property development company is selected for this study is due to the property sector fluctuate the most since year 2009 and not doubtfully that property development drive the significant economic market trend or even being driven by the economic factors of its performance. Various financial analysis method including financial statement and ratio analysis is conducted to measure and evaluate the company performance. This term paper found that the revenue growth in property development company do not necessary contribute to the growth of its net profit due to various external and internal factors. 2.0Scope of Work

This term paper focus on the fundamental analysis on company that has the criteria as, i. Any company listed in the Main Market of Bursa Malaysia. ii. Has disclosed the company Annual Report for FY 2009, FY 2010 and FY 2011. iii. All Annual Report to be downloaded from Bursa Malaysia website, www.bursamalaysia.com for validity. 3.0Objectives

This term paper intention to examine a property development company that is momentously fluctuates throughout FY 2009 to FY 2011 in line with the country and region economic sways. The key objectives are on the analysis of the financial statements across FY 2009, FY 2010 and FY 2011 as, i. To study the methodologies of the company’s performance measurement. ii. To analysis the performance in property development.

iii. To evaluate the performance in property development. Besides that, this term paper will be as creative as possible in studying interesting issues other than financial figures and ratios analysis are to look at the non-accounting information such as corporate governance, corporate social responsibility and any others concerns and even disputes. 4.0Company Background

S P Setia Berhad incorporated as a construction company in year 1974 and eventually listed on Bursa Malaysia in 1993. As forecast, S P Setia Berhad refocused its core business to upper stream to property development with its initial core competencies in construction, infrastructure and wood based manufacturing.

As we it is well known as, S P Setia Berhad today is a fully integrated property player and well-established in the three key economic centers of Malaysia, namely Klang Valley, Johor Bahru and Penang.

S P Setia Berhad strike strong signature presence through its township developments of Setia Alam and Setia Eco Park in Shah Alam where located extremely near to Klang, Meru and Kapar Selangor. S P Setia Berhad also penetrated into luxury projects in the heart of Kuala Lumpur which are Duta Nusantara and Duta Tropika in Sri Hartamas and Setiahills in Ampang.

For south Malaysia, Johor Bahru, S P Setia Berhad has made its mark through signature township developments like Bukit Indah and Setia Eco Gardens in the Nusajaya Corridor in Tebrau and Setia Tropika in...
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