SINGAPORE (May 15): Singapore Press Holdings’ (SPH) core business is the publishing of newspapers, magazines and books, in print and digital editions. In property, the group owns 65% of SPH REIT, whose portfolio comprises three retail assets in Singapore and stakes in two shopping malls in Australia. SPH also owns purpose-built student accommodation (PBSA) in the UK and Germany, and is a player in the aged care sector in Singapore — through its Orange Valley brand of nursing homes — and Japan.
Having embarked on your transformation journey, what are some notable developments and key focus areas for SPH in 2020?
As part of SPH’s transformation strategy, we have prudently and progressively re-allocated capital into defensive, cash-yielding assets to grow recurring income and achieve sustainable growth. These defensive assets include PBSA in the UK and Germany, retail malls in Australia via SPH REIT and aged care assets in Japan. We also make strategic investments into digital transformation of the media business.
