Singapore Press Holdings Ltd

Singapore Press Holdings Ltd - 12th April 2016

 Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Their businesses consists of :-

Media

The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian, My Paper (English section) and two student publications IN and Little Red Dot. It also consists of Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the Straits Times Index, in partnership with the Singapore Exchange and FTSE Ltd; financial data company ShareInvestor; and the two English stations of SPH Radio - Kiss92 and ONE FM 91.3.

 The Chinese Media group publishes three Chinese newspapers - Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News; the digital editions of Lianhe Zaobao and Lianhe Wanbao, four student weeklies - zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior, ZBBZ Newsgazine and My Paper (Chinese section). It also operates SPH Radio's Chinese radio station, UFM100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly.

SPH's other new media initiatives include AsiaOne, Stomp, zaobao.sg, omy.sg and SPH Razor.

On an average day, 2.8 million1 individuals or 68 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of our digital platforms.

SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com, herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.

SPH also provides out-of-home (OOH) advertising through its digital out-ofhome platform SPHMBO.

SPH Buzz is a modern retail convenience chain with a network of stores around the island.

SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

Properties

SPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall in the centre of Clementi town. The Seletar Mall, located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH’s wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.

Online Classifieds

SPH’s online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.

SPH's regional joint venture online classifieds business has a number of leading online classifieds sites in the region.

Events & Exhibitions

Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.

Education


SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.

For more details you may visit www.sph.com.sg.
(http://infopub.sgx.com/FileOpen/Press%20Release%202Q2016.ashx?App=Announcement&FileID=398532)


SINGAPORE PRESS HOLDINGS LIMITED

SPH reports Second Quarter Net Profit of $54.1 million

SINGAPORE, 12 April 2016 – Singapore Press Holdings Limited (SPH) today reported its results for the second quarter ended 29 February 2016 (2Q FY16). Net profit attributable to shareholders was $54.1 million. This was $15.5 million or 22.3% lower compared to the corresponding period last year (2Q FY15).

Last year, the Group had benefitted from profits on the sale of investments to fund its Medium Term Note redemption. This quarter’s investment income at $7.2 million was $12.0 million or 62.4% lower year-on-year (“yoy”).

 At the operating level, group recurring earnings of $68.1 million was flat, with a 4.1% revenue decline that was matched by cost reductions resulting from a continuing emphasis on containing costs.

The share of losses of associates and joint ventures was $0.7 million compared to a gain of $4.8 million in 2Q FY15 which was bolstered by a $7.4 million gain relating to a restructuring of the Group’s regional online classifieds business.

 Group operating revenue of $259.3 million was $11.0 million or 4.1% lower, attributable to the decline in the Media business whose performance was impacted by a difficult economic environment and structural issues confronting the media industry. For the quarter, Media business revenue fell $12.2 million or 6.0% yoy, mainly due to a $9.5 million or 6.5% dip in advertisement revenue.

Despite a depressed retail environment, revenue for the Property segment inched up $0.5 million or 0.9% yoy. The steady growth was achieved on the back of higher rental and services revenue from the Group’s retail assets

Revenue from the Group’s other businesses rose $0.7 million or 9.5% yoy, boosted by higher contribution from the exhibitions business.

On the cost front, the Group has remained vigilant over its expenditures amid a challenging operating environment. For the quarter, the consistent focus on cost discipline and operating efficiency continued to bear fruit, with total operating expenditure brought down by $11.3 million or 5.4% yoy to $196.1 million.

 For the half year ended 29 February 2016 (1H FY16), group recurring earnings of $167.1 million was $3.2 million or 1.9% lower than 1H FY15, with the decline in revenue cushioned by lower operating expenditure. Net profit attributable to shareholders fell $3.5 million or 2.5% yoy to $135.5 million

On the business outlook, Mr Alan Chan, Chief Executive Officer of SPH, said: "The quarter under review was marked by a very difficult operating environment. Despite this, the Group continued to turn in a respectable performance.

“The road ahead is expected to remain challenging, given the uncertain economic outlook and fast evolving media landscape. Amid the challenging times, the Group will continue its efforts to transform the Media business and pursue growth opportunities.”

 The Directors have declared an interim dividend of 7 cents per share which will be paid on 24 May 2016.

Net Asset Value Per Share as at 29th Feb 2016 - $2.16.

EPS of about 32 cents ( 8 cents x 4) . PE is about 12.5 times base on current price of $3.99.

Annual Dividend of about 20 cents ( Interim 7 cents + Final 13 cents). The yeild is about 5%.

Price per book value is about 1.84 times.

I think the current price is fully value at PE  12.5 times + yield of 5% . This will be an ideal counter for fixed dividend play for investor looking for decent annual dividend of 5%.

(trade/invest base on your own decision)

UMS

UMS - 11th April 2016

UMS after touching the low of 50 cents on 11th Feb 2016 it had managed to trend higher to hit 61 cents on 11th April 2016. This is rather bullish.

As reflected on the chart we are able to notice 3 long white Bar gaining new high for the past three days of trading. Couple with good volume. This is generally quite positive.

Short term wise it may continue to trend higher.

Also both Macd & Rsi are still pointing upwards which may provide further indication that the share price may continue to head higher.

The immediate overhead resistace is at 61.5 cents. Crossing over of 61.5 cents with ease + good volume that may propel to drive the share price higher towards 68.5 cents then 70 cents with extension to 76 cents.
(trade base on your own decision)

Cordlife

Cordlife - 10th Mar 2016

Cordlife after hitting the low of $1.245 on 22nd Mar 2014 it had manged to stage a strong recovery to head higher to touch 1.42 on 8th April 2016. This is rather bullish.

With this strong recovery, it has also indicated a nice Reversal trend as indicated on the chart.
The current price of 1.415 is hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are also showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Short term wise it may attempt to re-visit 1.45. Crossing over of 1.45 with good volume that may provide further strength to drive the share price higher towards 1.50 with extension to 1.545.
( trade base on your own decision)

Sunningdale

Sunningdale  - 9th April 2016

Sunningdale  had a very impressive run from the low of 0.795 on 2nd Feb 2016 and stage a strong upwards thrust to touch 1.23 on 8th April. This is super bullish.

Looks like the current price is posing well to continue to head higher.

Also both Macd & Rsi are still rising which may be a tell tale sign that the share price may continue to conquer to high.

After such a impressive run , it will be good for it to take a pause/retreat a little before resuming this uptrend mode.

Short term wise can expect it share price to continue to head higher towards 1.30 with extension to 1.425.
(trade base on your own decision)

Cityneon

Update - Cityneon 17th April 2016

A nice breaking out occurred again on last Friday couple with awesome volume and closed at All Time High. This is fantastic!

Short term wise is Looking good to head higher towards 60 cents then 65 cents with extension to 70 cents.

Any further weankess may be good to consider .
(Trade base on your own decision)

Cityneon - 9th April 2016

Cityneon looks rather interesting to continue to head higher after hitting the low of 25.5 cents on 24th Feb 2016 to close at 42.5 cents on 8th April . This is rather bullish.

The current price is hovering above the SMA lines which is generally quite healthy/positive.

Also both Macd and Rsi are still rising which may provide further indication that the share price may continue to trend higher.

Short term wise may expect to see the price crossing over 44 cents and continue to head higher towards 51 cents which is also the historical highest price attained on 2009.
(trade base on your own decision)

SingPost

SingPost - 7th April 2016

SingPost today experienced a heavy selling down from the price of 1.625 to a low of 1.56 and couple with High volume this is generally rather negative.

The current price of 1.57 is hovering below the SMA lines which is generally rather bearish.

Also both Macd & Rsi are trending downwards which may provide further indication that the share price may continue to trend lower.

Short term wise we may expect to see the share price continue to trend lower to re-visit 1.485. Breaking down of 1.485 with high volume that may see it share price heading lower towards 1.41.
(trade base on your own decision)