Singapore Press Holdings 02 (Nov 11 - Dec 23)

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

Postby behappyalways » Fri May 10, 2019 5:10 pm

The Woodleigh Residences lowers launch price to $1,733 psf
https://www.edgeprop.sg/property-news/w ... e-1733-psf
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Sat Jul 13, 2019 9:51 am

SPH posts 44.1% drop in 3Q earnings to $26.2 mil as media business continues to face challenges
https://www.theedgesingapore.com/capita ... challenges
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Wed Oct 16, 2019 3:39 pm

SPH to invest $50 mil in new investment fund for aged care, healthcare assets
https://www.theedgesingapore.com/capita ... are-assets
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Sun Oct 20, 2019 4:06 pm

SPH reports 23.4% drop in FY19 earnings to $213.2 mil; announces plans to cut 5% of media staff
https://www.theedgesingapore.com/capita ... edia-staff
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Sat Dec 28, 2019 4:54 pm

SPH acquires 7 UK student accommodation properties for $806 mil
https://www.theedgesingapore.com/news/m ... es-806-mil
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby winston » Fri Jan 17, 2020 4:50 pm

not vested

Singapore Press Holdings: Media still the drag

SPH’s 1QFY20 results came in below our expectations.

Operating revenue fell 4.1% YoY to S$244.0m, on the back lower advertisement and circulation revenue.

The group’s media business continues to struggle, with the declines in newspaper print ad revenue still yet to find a bottom (-19.8% YoY).

Core PATMI came in at S$35.8m, comprising 22% of our full-year forecast.

Prospects for the group’s media business remains challenging, with advertisers scaling back due to the uncertain business outlook.

Moving forward, we believe the group’s property vertical will continue to be the key area of focus to bolster recurring income, especially in the PBSA segment.

On the group’s joint project with Kajima in Bidadari, we believe that the group is pacing itself, with a view that 2H20 might potentially be a better period for sales.

We maintain our fair value of S$2.28 for now.

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

Postby winston » Fri Jan 17, 2020 5:08 pm

Singapore Press Holdings (SPH SP)

1QFY20: Earnings In Line But Not Finding A Bottom Yet

SPH’s 1QFY20 core net profit of S$46.8m is in line with our expectations.

Media ad revenue continued its decline, down 17% yoy, and does not appear to be abating.

While PBSA acquisitions have grown SPH’s asset base to a sizeable extent, we remain wary
of the decline in group core operating profit (-21% yoy).

Maintain HOLD with a lower SOTP-based target price of $2.22.

Entry price: S$2.00.

Property growing in significance. Property revenue increased to S$80.8m in 1QFY20, up
18.9% yoy, as its purpose-built student accommodation (PBSA) portfolio from Sheffield,
Southampton and Leeds contributed in the quarter.

As for SPH REIT assets, Paragon, The Clementi Mall and The Rail Mall recorded positive rental reversions, with NPI registering a S$5.1m increase yoy.

We expect the Student Castle portfolio of PBSA (acquired in Dec 19) and newly acquired REIT property Westfield Maron (Australian mall acquired in Dec 19) to continue to grow the property segment in the near term.


Source: UOBKH

https://research.uobkayhian.com/content ... d310191200
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby winston » Mon Feb 24, 2020 9:38 am

not vested

Singapore Press Holdings (SPH) will acquire five aged care assets in Japan for a total of 5.26 billion (S$65.8 million).

Two of its special purpose vehicles have entered into sale and purchase agreements for the acquisition, said the media and property group, which publishes The Business Times, in a bourse filing shortly after midnight on Monday.

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

Postby behappyalways » Tue Feb 25, 2020 5:44 pm

SPH acquires five aged care assets in Japan for JPY5.26 bil
https://www.edgeprop.sg/property-news/s ... jpy526-bil
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Re: Singapore Press Holdings 02 (Nov 11 - Dec 20)

Postby behappyalways » Thu Feb 27, 2020 4:06 pm

Media group SPH turns property mogul with acquisitions of elder care facilities in Canada and Japan
https://www.theedgesingapore.com/news/m ... -and-japan
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