S P Setia has agreed to buy sister company, I&P Group for RM3.65 billion. Quah explains what this does for SP Setia, along with the rationale for his 'hold' call on the stock and the RM3.50 target price.

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Tags:  S P Setia,  I&P Group,  landbank expansion,  Malaysia,  London,  geographical diversification,  earnings dilution