By segment, the Recruit, Classifieds and Display ads saw declines of 10%, 15% and 12% respectively. Except for Display ads, the 3Q18 decline represented an improvement from that seen in both the same period last year in 3Q17, as well as 2Q18.
SINGAPORE (June 13): UOB Kay Hian is maintaining its “hold” call on Singapore Press Holdings (SPH) with a higher target price of $2.46.
In a Wednesday report, analyst Foo Zhi Wei says, “Based on our page count of SPH’s The Straits Times, total page count was down 12.5% y-o-y in 3Q18.”
