Singapore Press Holdings (SPH)

Broker's Digest: Pan-United Corp, CICT, CDG, Shangri-La Asia, Q&M Dental, SPH - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Pan-United Corp, CICT, CDG, Shangri-La Asia, Q&M Dental, SPH

See the analysts' recommendations and target prices here.
SPH to undergo strategic review of business after non-media segment boosts 1H21 results - THE EDGE SINGAPORE

Results

SPH to undergo strategic review of business after non-media segment boosts 1H21 results

The company posted a 26.1% y-o-y growth in earnings to $97.9 mil for the 1HFY2021.
UOB Kay Hian upgrades SPH to 'buy' as property assets pave the way to recovery - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades SPH to 'buy' as property assets pave the way to recovery

The target price has been upped to $1.74 from $1.22 previously.
Interest in SPH driven by technical breakout, future REIT IPO and STI tests 2020 high - THE EDGE SINGAPORE

Right Timing

Interest in SPH driven by technical breakout, future REIT IPO and STI tests 2020 high

SIA is likely to progressively move higher over the next several weeks. SPH is attracting interest because it plans a REIT IPO
SPH holds 0.1% stake in Coupang which is poised for IPO with valuation of US$50 bil - THE EDGE SINGAPORE

Company in the news

SPH holds 0.1% stake in Coupang which is poised for IPO with valuation of US$50 bil

This means SPH’s stake is equivalent to around US$50 million, or 3.14 US cents (4.18 cents) per share.
Continued rotational interest buoys selected stocks  - THE EDGE SINGAPORE

Right Timing

Continued rotational interest buoys selected stocks

SPH has broken out of a multi month base setting an upside of $1.60. The STI on the other looks unexciting.

M&A

Temasek and SPH merge MICE subsidiaries, SingEx Holdings and Sphere Exhibits

Under the agreement, Temasek will own 60% in SingEx-Sphere. SPH will own the remaining 40%.
CGS-CIMB keeps "hold" call on SPH but with higher target price of $1.31 - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB keeps "hold" call on SPH but with higher target price of $1.31

If SPH goes ahead "value unlocking" of its students’ accommodation assets, the target price may go up to $1.41
Sembcorp Industries appoints Singapore Business Federation chairman as independent director - THE EDGE SINGAPORE

New appointments

Sembcorp Industries appoints Singapore Business Federation chairman as independent director

Lim also served as president and group CEO of CapitaLand Limited, and was CEO of The Ascott Limited.
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