It was 'a year to forget' for SPH as it reports full-year loss on declining media segment and fair value losses: analysts

Analysts from CGS-CIMB Research and DBS Group Research have maintained their “hold” calls on Singapore Press Holdings (SPH) after the publisher and property investor reported its full-year results on Oct 13.

For FY2020 ended Aug 31, 2020, SPH reported a loss of $83.7 million reversing earnings of $213.2 million a year ago, largely caused by a non-cash fair value charge of $232 million on its properties due to the impact of Covid-19.