Why SPH shouldn't expect too much from proposed REIT listing

30 Apr 2013 - Singapore Business Review
2 assets unlikely to be impressive. According to CIMB, if its REIT deal does go through, asset sales are unlikely to be above SPH’s announced valuations. We think that implied cap rates of 4+% are aggressive against the implied 5+% for CMT’s and FCT’s retail assets. This suggests that Paragon and Clementi ...
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SPH badly hurt by recent onslaught of cooling measures

16 Apr 2013 - Singapore Business Review
Profit plummeted 14.7% to $72m. According to Maybank Kim Eng, SPH’s 2QFY8/13 results were weaker than expected. 2QFY13 Revenue came in at SGD282m (-5.5% yoy) and net profit also dropped to SGD72m (-14.7% yoy). Government regulations on property and automotive sector (increase in second-home buyer’s ...
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Here's the only bright spot in SPH's terrible results in 2Q

15 Apr 2013 - Singapore Business Review
Occupancy rates for its 2 properties remained at 100%. According OCBC Investment Research, overall, 2Q was challenging for SPH’s newspapers segment and we see the market likely showing a neutral/mildly negative reaction to this set of results. OCBC noted that despite weak results, SPH’s property segment ...
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SPH Reports 1st Half Earnings

15 Apr 2013 - The Motley Fool Singapore
Singapore Press Holdings (SGX: T39) saw a 10.5% drop in half-year profit from S$181.6m to S$162.6m. The newspaper publisher and property developer also saw its top-line decline by 4.2% from S$630.9m to S$604.3m. The company’s Newspaper and Magazine business, which accounted for 80.7% of the company’s ...
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SPH second-quarter net profit sinks 15% to $71.5 million

12 Apr 2013 - Singapore Business Review
As ad revenues continue to fall. Singapore Press Holdings Limited (SPH) reported its results for the second quarter ended 28 February 2013 (2Q FY13). revealing that Group recurring earnings of $79.6 million was $10.4 million (11.6%) lower than that of the corresponding quarter last year (2Q FY12). Operating ...
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Foolish Faceoff: Singapore Exchange vs London Stock Exchange

10 Apr 2013 - The Motley Fool Singapore
In our Foolish Face-offs, we aim to bring you a series of articles that pits Singapore-listed companies against their foreign counterparts in a friendly bout. We had earlier looked at how Thai Beverage fared against SABMiller and discovered who won between Singapore Press Holdings and Pearson. Today, ...
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2 biggest reasons why SPH's newspaper income is getting the jitters

5 Apr 2013 - Singapore Business Review
Its circulation has been dropping. According to OCBC, threats from new media can impact SPH’s newspaper earnings in two ways: 1) lower circulation revenues and 2) lower ad revenues. While ad revenues form the bulk of earnings, it is reduced circulation that is particularly damaging to a newspaper’s ...
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Foolish Face-off: Singapore Press Holdings vs Pearson

3 Apr 2013 - The Motley Fool Singapore
In the Foolish Face-off series, we take a quick look at how some Singapore-listed companies would fare against comparable foreign competitors. The first instalment saw international brewers Thai Beverage pitted against SABMiller. This time, we’ll be squaring off print publishers Singapore Press Holdings ...
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SPH shells out $60m for SGCM acquisition

2 Apr 2013 - Singapore Business Review
It's intensifying efforts to venture into online advertising. According to OCBC Investment Research, SPH announced that it has entered into a sale and purchase agreement to purchase SGCM Pte. Ltd. which owns and operates vehicle online classified sites (including the popular sgcarmart.com), a car auction ...
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Three Reasons To Buy Shares Now

2 Apr 2013 - The Motley Fool Singapore
Even though the global economy still looks gloomy and cross-border conflicts continue to dominate the news, investing in shares still makes sense. Here are three reasons why it might pay to look at shares. Watch your capital grow This is perhaps one of the main reasons why most people buy shares – for ...
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