|Bid||2.68 x 0|
|Ask||2.69 x 0|
|Day's range||2.68 - 2.72|
|52-week range||2.54 - 3.79|
|PE ratio (TTM)||12.23|
|Earnings date||11 Jan 2018 - 15 Jan 2018|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||2.61|
High-yield stocks are always popular amongst retail investors but in the hunt for dividends, investors sometimes choose to prioritise yield over quality. Yes, not all high-yielding stocks are superior.
It intends to reduce its staff count by 10% next year. Despite higher profits, Singapore Press Holdings (SPH) announced on its results day that it intends to reduce its staff count by 10% in the coming year. According to DBS Equity Research, the last time SPH announced a staff cut was in October 2016 when it intended to reduce up to 10% of its workforce over two years through attrition, retirement, non-renewal of contracts, outplacement, and retrenchment.
Singapore Press Holdings' (SPH) net profit in Q4 grew 32% YoY to $101.80m. This capped its headline profit of $350.09m for the year. SPH's profits grew thanks to the $150m gain it made from selling its 33.3% stake in 701Search and a $57m fair value change on Clementi Mall and Paragon, CIMB said.
Media company Singapore Press Holdings (SPH) said Wednesday it would cut 230 jobs by the end of the year as it accelerated a plan to lay off staff. Like other media organisations worldwide, SPH's core ...
Singapore Press Holdings results, earnings from Bank of America and Citigroup, the latest Fed minutes and Singapore retail sales are some of the key events next week.
Based on UOB Kay Hian's page count for Singapore Press Holdings (SPH), total ads for the Straits Times fell 10.3% yoy in the continued depressed advertising environment. "On a qoq basis, total ads were almost flat, possibly hinting that advertising demand might have bottomed out. Ad counts for the various segments remained down 7-21% on a yoy basis, notably for recruitment (- 21% ) and classifieds (-18%).
Orange Valley Healthcare's yearly earnings are too small. Singapore Press Holdings (SPH)'s revenue stream diversification to offset loss might fall short of expectations in the near term. According to UOB Kay Hian, SPH's acquisition of Orange Valley Healthcare is unlikely to be an earnings game-changer.
Home grown media organization Singapore Press Holdings (SPH), through publishing and distributing of newspapers and magazines as well as broadcasting of radio stations and free-to-air television channels since its incorporation in 1984, has enriched lives of Singaporeans across multiple languages and platforms.
From MoneySmart via Yahoo!: All buyers, whether Singaporean, PR or otherwise, must pay Buyer’s Stamp Duty on their property purchases. If you are a couple consisting of two PRs buying a resale flat, you will also be forced to pay a hefty Additional Buyer’s Stamp Duty (ABSD). From Tech in Asia: Media company Singapore Press Holdings announced today that its subsidiary, Singapore Press Holdings Interactive (SPHI), has entered in a joint venture with China-based Chongqing Zhubajie.
Singapore Press Holdings recently announced that its consortium with JV partner Kajima Development has been awarded for $1.13b the HDB tender for a 99-year leasehold site at Upper Serangoon Rd. According to OCBC, this mixed site is part of the Bidadari Estate and the tender conditions state that, as part of the development the consortium has to build a 6k sqm community center, a 2.19k sqm neighborhood police center as well as a commercial bridge towards Bidadari Park and an underpass to connect to the bus interchange. More so, it noted that SPH has ample capital headroom for a greenfield development that could make divestment of the Seletar Mall more likely.
Singapore Press Holdings (SPH) and Kajima Development has submitted the top bid for a leasehold mixed development at Upper Serangoon Road, Woodleigh at a price of $1.13b. The bid was submitted by their subsidiaries Elara 1 Pte. Ltd. And Callisto 1 Pte. Ltd. The price is 1.2% above the second highest bid, submitted by a JV between Far East Civil Engineering and Sekisui House Ltd. There was a total of 12 bids submitted, including the winning bid.
It is acquiring a nursing homes provider. Singapore Press Holdings is entering the healthcare sector as it acquires Orange Valley (OV) Healthcare Pte. Ltd, an operator of nursing homes and ancillary services. According to OCBC Investment Research, OV's five nursing homes comprise over 900 beds which are strategically located near major hospitals or housing estates with high density of senior populations in Changi, Clementi, Marsiling, Simei and Sims Avenue.
Singapore Press Holdings (SPH) suffered yet another blow from the weak demand for ads. According to DBS Group Research, SPH's media segment saw its yields decline 12% YoY to $168m. "It is partnering with the various telcos to include its digital content on their virtual newsstands and bundling its digital, radio content with telco plans to help subscribers access its content online.
To put it bluntly, unless you were born the only heir of a family business worth millions, you will need to take out a home loan to buy your HDB flat. From The Motley Fool: Shares of local telco M1 Ltd (SGX: B2F) could be on the chopping block of its major investors. Newswires reported last Friday that M1?s major shareholders, namely Keppel Corporation Limited (SGX: BN4), Singapore Press Holdings Limited (SGX: T39), and Malaysian-listed telco Axiata Group Berhad (KLSE:6888.KL), were said to be exploring a possible sale of their stakes in M1.
For starters, it allotted $7.2m for retrenchment and outplacement benefits. Singapore Press Holdings reported a 44% decline in net profits for 1Q17, down to $45.7m. Aside from its lacklustre ad business, it has suffered a one-off charges of $15.9m for the review of its media business, leading to a lower bottom line.
Singapore Press Holdings Limited (SPH) reported that its net profit dropped by almost half to $45.7 million year-on-year in the first quarter, due mostly to lower revenue and higher charges from its media business. The group suffered charges of $15.9 million arising from the media business review and impairment of an associate, and a decline of $12.6 million in profits in the media business. The impairment charge of $4.8 million on an associate was taken in conjunction with the restructuring of the video business.