Digital ramp-up still key to SPH's medium term success, says OCBC

SINGAPORE (Apr 12): OCBC Investment Research is maintaining its “hold” with a slightly higher fair value of $2.52 from $2.51 previously, after adjusting its assumptions upwards for bottom-line growth contributions from the property segment.

This comes after SPH’s 2Q18 results came in largely in-line with expectations, with 2Q PATMI down 24.9% on-year to $40.2 million and an interim dividend of 6 cents declared, unchanged from a year ago.