Singapore Press Holdings (T39.SG) off 0.5% at $3.91 on mild profit-taking after sustained rise in last six sessions, says Dow Jones.
Investors pausing for breather while awaiting media group’s fiscal 3Q10 results, guidance for coming quarters due Monday. Some analysts expect more upside for stock pending Singapore’s advance 2Q10 GDP data due July 14.
“SPH share price tracks nominal GDP growth, and with 2Q10 (data) likely to be as strong as 1Q10, the stock should do well,” says CLSA’s Ashwin Sanketh, who has Outperform call with $4.68 target; tips 3Q10 net profit +2.6% on-year at $130 million on revenue of $340 million (+3.9%).
Support eyed at 10-day moving average, last at $3.86.

Digg
Del.icio.us
StumbleUpon
Netscape
Yahoo
Technorati
Googlize this
Facebook