Singapore Press Holdings 02 (Nov 11 - Dec 23)

Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Fri Oct 16, 2020 1:34 pm

Covid-19 related writedown sends SPH into red ink of $83.7 mil, dividend slashed
https://www.theedgesingapore.com/news/r ... nd-slashed
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Tue Apr 13, 2021 10:39 am

SPH to undergo strategic review of business after non-media segment boosts 1H21 results
https://www.theedgesingapore.com/news/r ... 21-results
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby winston » Fri May 07, 2021 2:15 pm

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Singapore Press Holdings Ltd (SPH SP) - Strategic review update

SPH is a leading media organization in Asia, which is in the process of innovating digitally, to transform its media business to meet changing readership and advertisers’ needs.

To diversify its income stream beyond media which is seeing structural headwinds, the group has made moves beyond its core business to diversify its portfolio including:-
1. Its acquisition of student accommodation assets overseas
2. Positioning in the aged care market in Singapore (Orange Valley Nursing Homes) with plans for expansion in Japan with Bridge C Capital and
3. Acquisition of M1 limited (with Keppel Corp) in April 2019 to leverage on synergies and explore new areas of growth.

While a modest recovery path for the company’s key businesses is the base case ahead, supported by vaccine rollouts progress and global economic recovery, near term share price volatility is expected pending developments on the strategic review, which has lifted share price and raised optimism for potential value unlocking initiatives. HOLD.

Source: OCBC
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby behappyalways » Tue May 11, 2021 1:08 pm

https://s9e.github.io/iframe/2/facebook ... 4170296862


The second question triggered apoplexy in CEO Ng Yat Chung, the retired lieutenant-general whose tenure as group president and CEO of Singapore’s Neptune Orient Lines from 2011-2017 saw the nation’s shipping icon sold to French shipping line CMA. He had announced in 2016 as CEO that “without the scale necessary to compete on costs, the best choice was to sell." In its first quarter 2017 after acquisition, CMA turned NOL into a net profit of S$26 million.


Grim Reaper Waves Scythe at Singapore’s Flagship Newspaper
https://www.asiasentinel.com/p/grim-rea ... -singapore
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby behappyalways » Tue Aug 03, 2021 9:03 am

Keppel Corp makes $2.2 bil offer to acquire SPH's non-media portfolio; SPH valued at $3.4 bil
https://www.theedgesingapore.com/news/m ... ued-34-bil
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby behappyalways » Sun Sep 12, 2021 2:23 pm

SPH shareholders vote in favour of proposed restructuring
https://www.theedgesingapore.com/news/r ... tructuring
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby behappyalways » Wed Oct 06, 2021 10:32 am

SPH’s bottomline reported for FY2021 includes a fair value gain on its properties of $66.6 million – a partial reversal from the fair value losses of $232 million booked last year because of the pandemic.

SPH reports swansong earnings of $92.9 million for FY2021
https://www.theedgesingapore.com/capita ... ion-fy2021
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby behappyalways » Sun Oct 31, 2021 8:53 pm

Consortium comprising Mapletree, CLA, Ong Beng Seng and Hotel Properties make rival offer for SPH
https://www.theedgesingapore.com/news/m ... -offer-sph


With a surprise all-cash potential bid, what does Temasek-linked consortium see in SPH?
https://www.theedgesingapore.com/news/m ... um-see-sph
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby winston » Sun Oct 31, 2021 10:13 pm

not vested

29 October 2021

High-profile tussle over SPH

The completion of SPH’s media restructuring is likely to attract more bidders for SPH’s property and investment businesses ahead.

The latest unexpected offer came from Temasek-linked Cuscaden Peak: all-cash at S$2.10/share. Keppel Corp’s Aug 21 offer: share/cash at S$2.099.

The biggest gainer is SPH as it is now spoilt for choice. We think a tussle could be at play as KEP is likely to counter offer, given the existing synergy.

If KEP walks away from the deal, this could be positive for K-REIT as its dividend in specie overhang would be removed.

The original EGM to approve the SPH/KEP deal was scheduled for Nov.

TP: 2.11

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... ec7e2ae74e
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 23)

Postby winston » Wed Nov 03, 2021 7:12 am

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Shareholders concerned that SPH still undervalued, says Sias

SPH had a NAV of $2.26 per share as at end-August 2021 before the media restructuring was completed. After taking into account the media restructuring cost, the NAV per share as at Aug 31 was $2.18. After adjusting for dividends, its NAV is $2.15.

Keppel has an opportunity, within 10 business days of Cuscaden's offer, or up until Nov 15, to respond with an "improved proposal", SPH said in an Oct 29 announcement.


Source: Business Times

https://www.straitstimes.com/business/c ... -says-sias
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