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Analysts put SPH on 'hold', but is the end of its earnings decline in sight?

Stanislaus Jude Chan
Stanislaus Jude Chan10/17/2018 09:54 AM GMT+08  • 3 min read
Analysts put SPH on 'hold', but is the end of its earnings decline in sight?
SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18.
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SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18.

SPH saw its full-year earnings fall 19.7% to $281.1 million for the FY18 ended August, from $350.1 million a year ago. However, this was mainly attributable to the absence of a one-off gain of $149.7 million a year ago from the divestment of a joint venture.

FY18 operating revenue fell by 4.8% to $982.6 million, from $1.03 billion a year ago.

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