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UOB KayHian remains positive as SPH turns to student accommodation to arrest flagging media business

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UOB KayHian remains positive as SPH turns to student accommodation to arrest flagging media business

Stanislaus Jude Chan Published on Tue, Apr 23, 2019 / 12:05 PM GMT+8

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SINGAPORE (Apr 23): Despite continued weakness in its core media business, UOB Kay Hian is staying positive on Singapore Press Holdings (SPH) on the back of its foray into the student accommodation segment.

SPH last week announced it has acquired a portfolio of three purpose-built student accommodation (PBSA) assets in the UK for £134 million ($237 million).

See: SPH expands UK student dorm portfolio with $237 mil acquisition

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