Singapore Press Holdings (SPH)

Broker's Calls

UOB Kay Hian maintains its 'hold' call on SPH for undemanding valuation and uncertainty on impact of its property assets

SINGAPORE (June 26): UOB Kay Hian analysts Lucas Teng and John Cheong have maintained their “hold” call on Singapore Press Holdings (SPH) with an unchanged target price of $1.52, which represents a

Company in the news

Singaporean blue-chip stocks lose combined market cap of $863 mil after MSCI Singapore deletions

(June 1): Four Singaporean blue-chip stocks lost a combined market capitalization of S$863 million on Friday amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s

SGX Research Series: 10 in 10

SPH zooms in on retail, aged care, student accommodation, and digital media

SINGAPORE (May 15): Singapore Press Holdings’ (SPH) core business is the publishing of newspapers, magazines and books, in print and digital editions.

Company in the news

SPH hands over reins of local convenience store Buzz in bid to maximise shareholder value

SINGAPORE (Apr 27): Singapore Press Holdings (SPH) today announced that it has entered into a sale and purchase agreement to divest its wholly-owned subsidiary Buzz Shop to Thai-Pore Enterprise as

Company in the news

SPH sued for alleged 'unlawful means conspiracy' by founders of tech firm behind real estate platform SRX

SINGAPORE (Apr 7): In 2014, Singapore Press Holdings (SPH) forked out $30 million to acquire a 60% stake in CoSine Holdings, the holding company for software firm StreetSine Technology Group (SSTG)

Results

SPH slashes dividends by 73% amid Covid-19 concerns even as 2Q earnings rise 5.5% to $31.3 mil

SINGAPORE (Apr 7): Singapore Press Holdings (SPH) has reported earnings of $31.3 million for 2QFY2020 ended February, a 5.5% increase from $29.7 million a year ago. 

SPH to spend $18.9 mil in asset enhancement initiative for UK student accommodation portfolio

Property

SPH to spend $18.9 mil in asset enhancement initiative for UK student accommodation portfolio

SINGAPORE (Mar 11): Singapore Press Holdings (SPH) announced Wednesday it will be spending an estimated total of £10.6 million ($18.9 million) in an asset enhancement initiative for nine properties

M&A

Media group SPH turns property mogul with acquisitions of elder care facilities in Canada and Japan

SINGAPORE (Feb 26): Singapore Press Holdings (SPH) is set to acquire six aged care assets in Canada for a total of C$232.9 million ($244.5 million) through its wholly-owned subsidiary Times Propert

Results

SPH reports 17% drop in 1Q earnings to $46.3 mil as media revenue continues to slide

SINGAPORE (Jan 13): Singapore Press Holdings (SPH) has posted earnings of $46.3 million for 1QFY2020 ended November 2019, falling 17.2% from earnings of $55.9 million a year ago.

Broker's Calls

Brokers’ Digest

UMS Holdings

Price targets:

$1.13 BUY (Maybank Kim Eng Research)

$1.08 BUY (DBS Group Research)

79 cents HOLD (CGS-CIMB Research)

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