|Bid||1.06 x 0|
|Ask||1.07 x 0|
|Day's range||1.05 - 1.07|
|52-week range||0.95 - 1.09|
|PE ratio (TTM)||17.26|
|Earnings date||11 Apr 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.05|
Comparing Singapore Press Holdings Limited's (SGX:T39) current valuation with the overall market.
Real Estate Investment Trusts (REITs) have become popular investment tools amongst Singaporean investors who have a penchant for property investing.
M1’s share price has held up relatively well ever since its 3 major shareholders announced their intention to undertake a strategic review of their shareholdings. However, considering that a buyer would have to come up with over $2.2b for a controlling stake, funding could be a potential stumbling block for bids to materialise.
Rent price is driven by rental reversion and retail sales. SPH REIT's price is strongly correlated to Singapore's retail sales, DBS Group Research said. According to the brokerage firm, the rental performance of the two properties Paragon and Clementi Mall in the portfolio, predominantly the former, is a good representation of investor’s perception and confidence in the direction of the Singapore retail market.