Singapore Press Holdings 01 (May 08 - Nov 11)

[iam802]

Thinking out loud.

Is this part of the execution for their MICE business?

I assume it would be part of the MICE offering; being able to print stuffs on demand.

[ishak]

I see it as improving productivity and efficiency, a plus point from an investor point of view.
Printing business not going away soon, but it might be my biased opinion since people like me still prefer to bring the newspapers into the toilet every morning.

SPH has world's longest press
By Chua Hian Hou, Straits Times

A NEW printing press - the longest of its kind in the world - will give multimedia company Singapore Press Holdings (SPH) more flexibility in printing its newspapers.

Its new Uniset press, which is located at SPH's Genting Lane site, was officially commissioned by SPH chairman Dr Tony Tan on Wednesday.

The printing facility, purchased from Germany's manroland, is the longest such printing facility of its kind, and is capable of printing 64 full-colour broadsheet pages from three different publications simultaneously.

It was this flexibility that prompted SPH to invest in this printing system, despite its smaller size compared to its existing KBA Commander and Goss Colorliner press lines in Jurong, the company said.

SPH's 'core business is in print', said Dr Tan, and 'this is why we have been, and will continue to improve our products and production capabilities'.

The new press will print publications like Berita Harian, Tamil Murasu, mypaper, Asahi Shimbun, Nihon Keisai, and the International Herald Tribune.

[ishak]

BUY S$4.03 STI : 2,751.75
Price Target : 12-month S$ 5.75
Reason for Report : Company Update
Potential Catalyst: Earnings growth and execution; special dividends.

Strong July AdEx growth
Story: Nielsen Media’s latest AdEx figures show that SPH’s newspaper display and classified ad volumes for July 2008 grew by 12.6% y-o-y. For SPH’s 11 months to date for FY08 (September to July), Nielsen Media’s estimates indicate that SPH’s display and classified volumes have risen by 6.9% yoy.

Point: We believe that these figures indicate that SPH is right on track to meet our assumption of 7% yoy growth in display and classified ad volumes for FY08, reflecting robust domestic consumption spending in Singapore thus far. Whilst growth in advertising revenue is expected to slow down, we remain positive on the
Group’s longer-term prospects given its monopolistic position in print advertising, attractive property asset i.e. The Paragon and strong balance sheet. All these translate to firm, growing cash flows for SPH, which should help to continue to support the stock’s generous dividend payouts. We expect SPH to reports its 4Q and FY08 results around mid-October and are projecting the Group to propose a final net dividend of S 24cts (interim dividend was S 8cts), given continued growth in its core publishing business, higher property rental income and further revenue recognition from the Sky@Eleven residential development.

Relevance: We continue to like SPH for its attractive valuation and as a defensive stock, backed by a net yield of >7.5% (premised on 90% payout of EBIT; in line with last 6 years), and re-iterate our BUY call. Our sum-ofthe-parts valuation for SPH is S$5.75.

[iam802]

[LenaHuat]

SPH Interactive to buy shareinvestor.com for between S$12 - S$18.
(1) S$12m payable upon signing of agreement &
(2) after the release of the financial results of Shareinvestor.com for the financial
years ending 31 December 2008 (“FY08”) and 31 December 2009 (“FY09”),
depending on the targets achieved by Shareinvestor.com and its subsidiaries,
further amounts ranging from S$2 million to S$6 million pursuant to the terms of the Agreement.


This purchase is silly. That forum is full of trash..........maybe it once was great.

[helios]

SPH Interactive to buy shareinvestor.com for between S$12 - S$18.
(1) S$12m payable upon signing of agreement &
(2) after the release of the financial results of Shareinvestor.com for the financial
years ending 31 December 2008 (“FY08”) and 31 December 2009 (“FY09”),
depending on the targets achieved by Shareinvestor.com and its subsidiaries,
further amounts ranging from S$2 million to S$6 million pursuant to the terms of the Agreement.

swósh ... Lena jie is so fast!

this one is a remake of SPH & HardWareZone.

[LenaHuat]

Hi SanSan

Wow, U are superb fast too.

I enjoy surfing HardwareZone. It's a v useful site for me.

[RidingOnTop]

Ah... It will be interesting to see how SPH will value add to the content of Shareinvestor.com now,
especially for the forum..

It's more possible that SPH sees the site as another channel of distribution for products from their business times dept,
the forum segment will just be a bonus, not critical to their buying decision. How will SPH be able to add value to a forum? The way content is delivered in a forum is very different from a simple news/info website leh... Hard to "engineer/ buy" a forum success.

[iam802]

Traditionally, newspaper is a bundled product. You buy Straits Times, you get Classified, Sports etc... even if you are only interested in a small section of it.

With the Internet, user are attracted to sites that is more focus.

So, yes, the forum is another channel for them. A way for them to reach the user base.

They would probably feed them the latest related news. At least, they can justify that forum XYZ has X number of users and quantify from there the revenue projection etc.

[b0rderc0llie]

http://www.sph.com.sg/news/latest/press_080828_002.html

Some old news about SPH Buzz Pods Partners Singapore Pools for New Outlet at Sim Lim Square.

If SPH and Singapore Pools can combine, it will be a great business model. But only in my dreams hehe...