Singapore Press Holdings 01 (May 08 - Nov 11)

[kennynah]

it's a moment's folly, i'm sure....anyways, the man restituted the entire amount he misappropriated... at least he had the conscience to come to his senses...

[LenaHuat]

lena,

just elaboate your experience lah.....its Friday...time for juciy news...

This SLA fraud case is well maybe the beginning of a cancerous growth

[Poles]

Lena,

so what went wrong?? if you compare CS today & 20 years ago....they have better recognition + renumeration....

This is very bad for externals + more important our locals....CS has build up a very pure reputation in SGP.....what will our 20s think about government people now??

Recently, there is an interesting discussion on BBC regarding CS' salaries....apparently the british pm is paid lower than thousands of other CS in the british empire....

[kennynah]

many may not realize this...

in a democratic system, the civil service is independent of the gahmen of the day...

it is only uniquely singapore that these 2 are one...bcos of a consolidated power system....

be careful..... myamar is like dat...

[winston]

Singapore media company Singapore Press Holdings may be in focus after it said its net profit for the year ended August 31 rose 18 percent to S$498 million ($381.6 million) from a year ago mainly due to a rebound in advertisement sales.

Source: Reuters

[winston]

Not vested

RESEARCH ALERT-OCBC cuts SPH target to S$4.59, keeps "buy"

SINGAPORE, Oct 13 (Reuters) - OCBC Investment Research has cut its target price for Singapore Press Holdings to S$4.59 from S$4.63 and kept its "buy" rating.

STATEMENT: OCBC has lowered its fiscal year 2011 forecasts to reflect its weaker-than-expected fourth quarter results, as its quarterly net profit of S$75.3 million was hit by higher operating expenses.

"However, we continue to like SPH for its strong margins, operating cashflows and attractive dividend yields," OCBC said in a report and added that its outlook remains healthy.

Shares of SPH have gained about 15 percent so far this year to close at S$4.22 on Tuesday.


Source: Reuters

[winston]

Not vested. From DBS:-

TP revised down to S$4.37; Downgrade to Hold on limited upside and catalysts.

We adjusted our FY11F/12F earnings marginally by c.2% to account for higher operating
expenses. As a result, our sum-of-parts TP is revised to S$4.37.

Given limited upside, lack of firm catalyst ahead and uncertain outcome pertaining to the expected bids for investment property sites, we downgrade our recommendation to Hold.

Notwithstanding our downgrade, we believe share price could still be supported by its attractive yield of c.5.7%.

http://www.remisiers.org/cms_images/res ... D_DBSV.pdf

[winston]

Not vested. From Kim Eng:-

Singapore Press Holdings (SPH SP, $4.22, BUY, TP $4.70)

SPH reported bumper profits for FY Aug10 that beat our estimates. We believe it will continue to benefit from rising consumer spending.

With $1.5b in its vault, SPH will also be on the prowl for new investments. Even if acquisitions fail to materialise, we still have a sustainable 4.1% yield to fall back on.

http://www.remisiers.org/cms_images/ssu13102010ke.pdf

[iam802]

Screen shot 2011-01-10 at PM 11.42.41.png

Sound of Silence.

Is this the death of RedNano?

[kennynah]

not impressive at all....