Singapore Press Holdings (SPH)

Broker's Calls

Maybank 'negative' on retail REITs with Frasers Centrepoint Trust as top pick

SINGAPORE (Jan 2): Maybank Kim Eng is initiating coverage on Singapore’s retail REIT sector with a “negative” rating on the belief that rising rates, peak new supply in 2018 and fair valuations should restrain near-term price upside.

Broker's Calls

SPH's declining pagecount portends grim FY18 outlook, says UOB

SINGAPORE (Dec 5): UOB Kay Hian is maintaining its “sell” call on Singapore Press Holdings (SPH) while raising its target price on the stock to $2.42 from $2.38 previously to incorporate MindChamps into its valuations.

Commentary

IPO boom feeds corporates. Will it benefit investors?

SINGAPORE (Dec 4): After a stellar performance in its first year as a publicly listed company, spray paint maker Samurai 2K Aerosol is raising more money at a valuation some five times above its IPO price. The Malaysian company, which makes coatings for t

Right Timing

Right timing: Midas is short-term oversold; STI's uptrend intact

SINGAPORE (Nov 24): Here are some charts for our technical analysis this week:

M&A

SPH raises stake in MindChamps Preschool

SINGAPORE (Nov 10): Singapore Press Holdings is increasing its stake in MindChamps Preschool.

M&A

SPH acquires additional 3.33% stake in Perennial Chinatown Point

SINGAPORE (Nov 3): Singapore Press Holdings and Perennial Real Estate are increasing their respective stake in Chinatown Point retail mall.

Broker's Calls

SPH downgraded to ‘hold’ following stock price rebound

SINGAPORE (Oct 13): OCBC is downgrading Singapore Press Holdings to “hold” with $2.93 target price after its stock price rebounded following a “buy” upgrade by the research house three weeks ago.

Broker's Calls

Can SPH's job cuts save its battered media business?

SINGAPORE (Oct 12): Singapore Press Holdings is hastening its restructuring plans, amid a 13% decline in revenue from its core media business in FY2017.

Results

SPH full-year earnings up 32% to $350.1 mil on one-off gains; revenue down 8.2%

SINGAPORE (Oct 11): Singapore Press Holdings (SPH) reported earnings of $350.1 million for the FY17 ended August, an improvement of 32% from $265.3 million a year ago.

Broker's Calls

Time to 'buy' SPH after stock oversold, says OCBC

SINGAPORE (Sept 21): OCBC Investment Research is upgrading its call on Singapore Press Holdings (SPH) to “buy” from “hold” previously on valuation grounds, with an unchanged fair value estimate of $3.25.
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