Singapore Press Holdings (SPH)

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)

Broker's Calls

SPH kept at 'hold' as media business continues to slide: UOB Kay Hian

SINGAPORE (Jan 6): UOB Kay Hian is raising its target price for Singapore Press Holdings (SPH) by 2.2% to $2.30, after the group in December last year acquired seven purpose-built student accommoda

M&A

SPH acquires 7 UK student accommodation properties for $806 mil

SINGAPORE (Dec 23): Singapore Press Holdings (SPH) is adding seven purpose-built student accommodation assets (PBSAs) to its portfolio for a price tag of £448 million ($806.4 million), the group re

HEALTHCARE

Ageing trend supports spending, but earnings of stocks dip on costs

SINGAPORE (Dec 20): Eight in 10 medical practitioners say Singapore’s healthcare system should focus more on disease prevention as Singaporeans live longer and are more likely to contract a chronic

Results

SPH reports 23.4% drop in FY19 earnings to $213.2 mil; announces plans to cut 5% of media staff

SINGAPORE (Oct 17): Singapore Press Holdings (SPH) is looking to cut 5% of staff from its media group as print revenue continues to slide.

Ageing

SPH to invest $50 mil in new investment fund for aged care, healthcare assets

SINGAPORE (Oct 16): Singapore Press Holdings, via its wholly-owned subsidiary, SPH JPAM, has entered into a strategic partnership with asset managers Bridge C Capital Inc to set up an investment fu

Markets

Stop the presses! SPH shares near 25-year low, becomes worst MSCI Singapore stock this year

SINGAPORE (July 26): Singapore Press Holdings is now the worst performer on the MSCI Singapore Index, as shares hover at a 25-year low, after a strategy to diversify into real estate has so far fai

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