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Wednesday, April 18, 2018

SPH

SPH - Friday 28 April it has managed to gain 4 cents higher to close $2.76 pre-XD come Monday. Still on a nice Uptrend mode, has to monitor how it react come Monday after XD.

It has managed to follow- through on 19tb April and went up high to touch $2.78 before closing well at $2.75. Profit taking is taking place after this impressive running up and closed lower at $2.69 on Friday - 20 April .

Short term wise, I think it is still on a uptrend mode And my likely move up to retest $2.78. Breaking out with good volune that may drive the price higher towards $2.80 and above.

XD 30 April.
Trade/invest base on your own decision.

SPH - today price reacted positively with price Gap up and closed well at $2.71 ,up 11 cents. The volume is also super high.

Looks rather bullish! It has hit the resistance level at around $2.72 before profit taking settling down to close at $2.71.

The next resistance level would be at $2.76. Not sure how would this help to bring in good rev to boost their declining print media business.


I think is good to wait and see what it will turn out for the next 1-3 quarter results.

Not a call to buy or sell.

Please do your own due diligence. Trade/ invest base on your own
decision.

Here is the news being released today : Back Listen to news from The Straits Times, The Business Times and Money FM 89.3 on Google Home Singapore, 18 April 2018 – Singapore Press Holdings (SPH), the leading media company in Singapore, has tied up with tech giant Google to deliver news to audiences in an innovative way. Users of Google Home devices will be able to listen to news and podcasts from The Straits Times, The Business Times and SPH Radio’s MONEY FM 89.3 (MoneyFM) by issuing commands to the voice-enabled smart speakers. Users simply need to download the Google Home app, set their device language to “English (Singapore)” and say: “Ok Google, listen to news from The Straits Times” or “Hey Google, play me the news from The Business Times.” They can also set The Straits Times or The Business Times as their preferred news providers to ensure they receive the latest news from these titles. From 20 April 2018, new subscribers to either The Straits Times All-Digital package or The Straits Times All-Digital + Print package will receive a special gift in the form of a Google Home Mini. Alternatively, they can choose to top up $79 instead to receive a Google Home, which is larger in size and boasts better audio quality. Google Home, a range of voice-enabled speakers powered by the Google Assistant, will hit the shelves in Singapore on 20 April. It allows users to listen to news feeds, music, radio and audiobooks hands-free, and also offers responses to spoken questions. SPH will provide four audio feeds for Google Home: A news bulletin from The Straits Times, presented by MONEY FM 89.3; A financial news bulletin from The Business Times, presented by MONEY FM 89.3; A podcast by The Straits Times; and A segment called Need to Know, which offers tips on career development and personal growth, presented by Business Insider Singapore and MONEY FM 89.3

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