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Tuesday, October 9, 2018

SPH

Today we have witnessed another bearish wide bar and touch the low of $2.70, coupled with high volume this is rather bearish.

Looks like next we could be seeing $2.60 soon!

9th Oct 2018
Today it has finally succumb to the selling down pressure and given up the holding point at $2.84 and sliding down to close lower at $2.78 . Coupled with high volume, this is rather bearish!

Short term wise, I think it may likely head lower to revisit $2.70 then $2.60 with extension to $2.55 level.


Yield at about 3.2% if based on 9 cents annually dividend and 4.3% is based on 12 cents dividend + special dividend. It seems that yield is not too bad.

NAV of $2.11.
PE is about 13X.

Not a call to buy or sell.

Please dyodd.

Singapore Press Holdings Limited, together with its subsidiaries, operates as a media company in Singapore and internationally. It operates through three segments: Media, Property, and Treasury and Investment. The company offers daily newspapers and student weeklies; publishes, produces, and distributes books; publishes and produces approximately 80 magazine titles in the areas of lifestyle and information technology, as well as operates various online sites; and provides digital advertising services. It also operates other media initiatives, such as AsiaOne, Stomp, zaobao.sg, and zaobao.com Websites; and online marketplace for jobs, property, cars, and general classifieds; radio channels, including Kiss92 and ONE FM91.3 in English; SPH Buzz, a retail convenience chain; and UFM100.3, a Chinese radio station; financial portals; and Web search portals that offers property data and analysis. In addition, the company provides online investor relations, management support, editorial, fund management, business management and consultancy, online marketing, public relations, news reporting, technical, software consultancy, online classifieds, and other services, as well as multimedia contents and services. Further, it organizes consumer and trade events, exhibitions, conferences, and conventions; owns and operates nursing homes; develops e-commerce applications; franchises kiosks to third party operators; and licenses copyrights, trademarks, and software. Additionally, the company is involved in computer programming activity for online investor relations and related business; holding, developing, managing, and letting properties, as well as provision of property management services; holding investments; and managing shopping centers. Singapore Press Holdings Limited was incorporated in 1984 and is based in Singapore.





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