Singapore Press Holdings (SPH)

Insider moves

SPH buys back shares after nearly a year as profits drop

(July 22): Singapore Press Holdings (SPH), which now earns more money from properties than from its previous core media business, reported sharply lower earnings on July 12.

Results

SPH posts 44.1% drop in 3Q earnings to $26.2 mil as media business continues to face challenges

SINGAPORE (July 12): Singapore Press Holdings (SPH) saw its earnings fall 44.1% to $26.2 million for the 3Q19 ended May, compared to $46.9 million a year ago.

Broker's Calls

SPH kept at 'buy' by UOB as Chinese students look towards the UK for higher education

SINGAPORE (June 6): UK universities could benefit from the US-China trade war that has prompted China to issue an official warning to students hoping to study in US universities, says UOB KayHian.

In print this week

SPH opts for higher-yielding properties; PREH to report 1QFY2019 loss as cash flow remains in the red

SINGAPORE (May 6): On April 22, Singapore Press Holdings announced it had entered into an agreement to sell its stake in the retail podium and four office strata units (Chinatown Point mall) at the

Broker's Calls

UOB KayHian remains positive as SPH turns to student accommodation to arrest flagging media business

SINGAPORE (Apr 23): Despite continued weakness in its core media business, UOB Kay Hian is staying positive on Singapore Press Holdings (SPH) on the back of its foray into the student accommodation

M&A

SPH expands UK student dorm portfolio with $237 mil acquisition

SINGAPORE (Apr 16): Singapore Press Holdings (SPH) announced that its wholly-owned subsidiaries, Straits Five, Straits Six and Straits Eight, have acquired a portfolio of Purpose-Built Student Acco

Global Economy

Central banks turn dovish as IMF urges to 'do no harm'

SINGAPORE (Apr 15): Major central banks around the world have maintained a dovish stance, in line with a softer growth outlook by the International Monetary Fund.

Broker's Calls

Analysts maintain calls on SPH as 2Q results miss expectations

SINGAPORE (Apr 10): Analysts say Singapore Press Holdings’ (SPH) 2Q19 results came in below expectations amid continued weakness in its media business, coupled with the absence of divestment gains

Results

SPH posts 26% fall in 2Q earnings to $29.7 mil on lower revenue, higher costs

SINGAPORE (Apr 9): Singapore Press Holdings (SPH) reported 2Q19 earnings of $29.7 million, down 25.7% from a year ago on lower revenue and higher premises costs and finance costs partly related to

Broker's Calls

SPH raised to 'buy' by UOB on underappreciated defensive dorm business

SINGAPORE (Apr 3): UOB KayHian is upgrading Singapore Press Holdings (SPH) to “buy” with a 2.5% higher target price to $2.82, to account for the 6% rally of SPH REIT.

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