Singapore Press Holdings 02 (Nov 11 - Dec 20)

Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby sidney » Sat Nov 26, 2011 12:55 am

is fhm under SPH? :mrgreen:
Tempered.
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Re: Singapore Press Holdings 01 (May 08 - Nov 11)

Postby kennynah » Sat Nov 26, 2011 1:16 am

fhm is a seedy porn disguised as a fashion magazine

if it is a product of sph, it probably is becos the pap crony sitting at the top is wanking himself silly going through the pages
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Re: Singapore Press Holdings 01 (May 08 - Nov 11)

Postby winston » Mon Apr 16, 2012 8:35 am

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Publishing and property firm Singapore Press Holdings posted on Friday an 11.6 percent rise in second-quarter net profit to S$84.1 million ($67.42 million), helped by higher rental income.

Source: Reuters
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Re: Singapore Press Holdings 01 (May 08 - Nov 11)

Postby winston » Mon Apr 16, 2012 2:24 pm

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SINGAPORE - Brokers lift target price for SPH Publishing and property firm Singapore Press Holdings (SPH) reported on Friday an 11.6 percent rise in its second quarter net profit, which was in line with expectations and two brokers raised their target prices for the company.

CIMB Research has increased its target price for SPH to S$4.13 from S$3.90 and kept its neutral rating, citing higher property values and to reflect the acquisition of a land site in northeast of Singapore.

SPH, which has a near monopoly of newspaper publishing in Singapore, said on Friday its net profit rose to S$84.1 million ($67 million) from S$75.4 million a year ago.

Shares of SPH were flat at S$3.89, and have gained 5.4 percent since the start of the year.

Cost pressures receded in the second quarter, due to softening newsprint prices and lower variable staff bonuses, CIMB said.

However, it prefers real estate investment trusts such as CapitaMall Trust for their retail exposure and stronger growth potential.

OCBC Investment Research also raised its target price for SPH to S$4.05 from S$3.99, citing expectations of stronger rental income from its new Clementi shopping mall.

"We continue to view SPH favorably as it continues to ramp up on its retail mall strategy, which would constitute a stable counterweight to its print business going forward," said OCBC in a report.

Source: Reuters
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Re: Singapore Press Holdings 01 (May 08 - Nov 11)

Postby kennynah » Tue Apr 17, 2012 4:08 am

even if this was the only stock available for trading in this whole wide world...i wouldn't trade it...

it's a mouthpiece ... of very poor taste :!: :!:
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 13)

Postby winston » Tue Jun 19, 2012 11:33 am

not vested

Pseudo retail REIT
OUTPERFORM - Upgrade
Share Price S$3.78
Tgt. S$4.19

--------------------------------------------------------------------------------

With a growing retail property arm and stable media business, SPH is increasingly like a retail REIT with limited cash-call risks, in our view.

Offering forward yields of 6.4% vs. 6.1% for retail S-REITs after its YTD underperformance, we think it offers a cheaper alternative.

We raise our EPS marginally on property rental adjustments and our SOP target price after rolling one year forward.

We also raise DPS on less conservative payout assumptions.

Upgrade from Neutral to Outperform. We see catalysts from higher-than-expected ad growth.


Source: CIMB
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 13)

Postby kennynah » Thu Jun 21, 2012 12:04 am

there has been some calls to buycott ST and SPH mass media publications.

have you heard of this move?
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 13)

Postby winston » Tue Jun 26, 2012 2:12 pm

not vested

UOB sees dip in SPH Q3 net profit

UOB Kay Hian said it expects Singapore Press Holdings Ltd to report a net profit of about S$105 million ($81.8 million) for its third quarter, down 9 percent from a year earlier, mainly due to lower net investment income.

SPH is expected to report its results for the three months ended May on July 13.

SPH shares were up 0.3 percent at S$3.79 on Tuesday and have risen nearly 3 percent so far this year versus the 6 percent gain in the broader Straits Times Index <.FTSTI>.

For the third quarter of its 2011 fiscal year, SPH reported a relatively high net investment income of S$23.7 million, boosted by fair value gains, UOB said. It noted that SPH's net investment income is usually around S$5-10 million a quarter.

UOB said it forecast advertising revenue to fall 1-3 percent from a year earlier, while SPH's newsprint prices have peaked and are expected to be flat going forward.

But the broker said SPH offers relatively resilient earnings and an attractive annual dividend yield of 5.8 percent.

"Defensive stocks are back in vogue amid stock-market volatility," UOB said, maintaining its 'buy' rating and target price of S$4.60 on SPH stock.


Source: Reuters
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 13)

Postby winston » Mon Jul 16, 2012 11:23 am

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STOCKS NEWS SINGAPORE-CIMB raises target on SPH

CIMB Research raised its target price on Singapore Press Holdings Ltd to S$4.40 from S$4.19, to factor in stronger property earnings, valuations and lower capital expenditure, and maintained its outperform rating.

Shares of the media and property company fell 0.5 percent to S$4.00 on Monday. They have gained more than 8 percent so far this year.

SPH reported a 13 percent fall in third-quarter net profit from a year earlier , mainly due to a drop in investment income.

But CIMB said the company's underlying performance was "fairly intact", with recurring profit from media and property up 2.2 percent year-on-year.

SPH's property business delivered a 13 percent rise in rental income from a year earlier, mainly due to a fully operational Clementi Mall, while its Paragon mall posted stronger rental reversions, CIMB said.

With recurring profit as the key determinant for dividends, SPH is expected to repeat dividend per share of 24 Singapore cents for the full year, CIMB said, adding that the company's balance sheet is still strong.


Source: Reuters
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 13)

Postby winston » Tue Sep 18, 2012 10:12 am

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STOCKS NEWS SINGAPORE-Nomura raises SPH target to S$4.28

Nomura raised its target price on Singapore Press Holdings Ltd to S$4.28 from S$4.15, after updating its earnings estimates and valuation for the Singapore media and property firm's retail mall assets, but maintained its 'neutral' rating.

SPH shares were flat at S$4.01 on Tuesday. The stock has increased nearly 9 percent so far this year versus the 16 percent gain in the broader Straits Times Index <.FTSTI>.

In the third quarter of 2012 fiscal year, property profit before tax grew 42 percent to S$26.4 million ($21.6 million) from a year earlier on higher rental income from SPH's Paragon and Clementi shopping malls, Nomura said, noting that both are enjoying full occupancy.

But Nomura said SPH's August newspaper weekly page count was down 4.6 percent year-on-year, based on its monthly average, indicating that display advertising was weaker last month.

"While dividend yields remain attractive at 5.5 percent, given the tepid growth outlook and just 6.7 percent upside to our revised target price, we maintain our neutral rating on the stock," Nomura said.


Source: Reuters
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