Singapore Press Holdings 01 (May 08 - Nov 11)

[helios]

Today our ST published the ultimate book of survival for the coming recession. Our lone media has been coordinating very well in advocating the consumption of frozen meat as well as the conservation of electricity for the past few months.

ya hor ... you are right ... some knee jerking effects ... what does the survivial paper say?

[helios]

23-Oct - Singapore - SPH Magazines has confirmed it will shut Maxim in Singapore after its December issue.

Speculation regarding the future of the publication had intensified in recent weeks, and Marketing was the first to break the news of its imminent closure at midday today. This prompted SPH to release a statement where Loh Yew Seng, SPH Magazines CEO, said: "The Nielsen Media Index figures are a clear indication that the audience for traditional lad mags has dwindled over time, and male readers are now opting for editorial content that is found in more quality content-led magazines."

The statement also revealed SPH's plans to move photography magazine PHOTOVIDEOi (PVi) into its leading consumer technology magazine HWM Singapore from December.

"To reach out to the modern male reader, and connect our advertisers to this group of very discerning audience, SPH Magazines will now focus our efforts and resources on titles like Men's Health, as well as interest-specific men's magazines within our stable, such as Torque, Golf Digest Singapore and HWM Singapore," Allen Loh, MD for SPH Magazines, said in a statement.

All staff members of Maxim and PVi will be retained and redeployed within SPH Magazines as part of its consolidation strategy.

Source: Marketing-Interactive.com

[millionairemind]

"To reach out to the modern male reader, and connect our advertisers to this group of very discerning audience, SPH Magazines will now focus our efforts and resources on titles like Men's Health, as well as interest-specific men's magazines within our stable, such as Torque, Golf Digest Singapore and HWM Singapore," Allen Loh, MD for SPH Magazines, said in a statement.

I am sure Playboy will sell like HOTCAKES if ever allowed..

[kennynah]

FHM is enough to attract lotsa of shy young men....closet sex book readers....

[millionairemind]

Singapore Press Holdings
Oct 29 close: $3.24
Kim Eng Research, Oct 29

SINGAPORE Press Holdings (SPH) has further corrected since our last report on Oct 13. The current implied PE of the core media business at 12 times is close to the 10-year trough PE of 11.8 times. At the current price, the market seems to have already priced in a 25 per cent decline in core media earnings - the worst-ever scenario in SPH's operating history. In our view, we do not expect a decline of such a magnitude.

We maintain our view that development earnings from Sky@Eleven will flow in progressively over FY2009-2010 to mitigate any impact of revenue decline in the media business. Our FY2009 dividend per share estimate of 28.8 cents is conservative and is below consensus estimates. Investors can potentially be rewarded with a dividend yield of 8.7 per cent for FY2009. SPH's FY2008 final dividend of 19 cents alone assures a decent dividend yield of 5.7 per cent. The stock will trade ex-dividend on Dec 9.

Despite the irrational selldown, SPH has been given a vote of confidence through an open market purchase of 350,000 shares between Oct 21 and 24 by chairman of the board Tony Tan at $3.36-3.39.

Our base-case sum-of-the-parts TP is maintained at $5.11. Our discounted cashflow-based valuation of the core media business alone yields $3.50 per share, assuming 7.4 per cent weighted average cost of capital and 2 per cent terminal growth rate. Risks to our TP are: 1) delay in development revenue recognition; 2) management's inability to pass on higher operating costs through the cover price increases; and 3) further appreciation of the US dollar against the Singapore dollar, which will affect newsprint cost.
BUY

[helios]

31-Oct - Singapore Press Holdings (SPH) has launched an event company, called Sphere Exhibits, in a bid to better leverage its range of media assets.

Sphere Exihbits stands for ‘SPH Events, Roadshows and Exhibitions'. The launch also marks SPH's foray into Meetings, Incentives, Conventions and Exhibitions (MICE), to complement its media and publishing businesses.

Heading up Sphere is executive vice-president of SPH's circulation department Chua Wee Phong, who will be backed by members from the Group's other businesses including The Straits Times, Lianhe Zaobao, SPH Magazines and Paragon Shopping Centre.

Sphere kicks off its first event ‘The Food Safari' in November this year. Subsequently it aims to run up to six events per year targeting mid to high-end consumers.

Source: Marketing-Interactive.com

[helios]

Singapore – Singapore Press Holdings (SPH) has completed its acquisition of financial services portal Shareinvestor.com.

SPH will provide financial services following the purchase, with synergies to be explored between other SPH assets such as The Business Times and businesstimes.com, as well through events and the Shareinvestor publications ShareInvestor Guide and INVEST magazine.

Under the deal SPH will retain the entire management and staff of Shareinvestor, which will continue to operate as an independent entity, with founder Dr Michael Leong to stay as a consultant and director and Christopher Lee continuing as CEO.

Shareinvestor.com, which was founded in 1999, has an established base of subscribers and users of its market data tools and financial applications. It assists public-listed companies and financial institutions with their corporate website designs and technology services.

“We believe there is good synergy between Shareinvestor and SPH's diverse range of businesses. This acquisition will also add online financial services to SPH's stable of new media offerings,” Alan Chan, chief executive of SPH, said.

Source: Marketing-Interactive.com

[LenaHuat]

I recalled reading that Shareinvestor has only some 300 paying subscribers. This is a small base.

[kennynah]

frankly, any website that does not appeal internationally but only to localized audience in singapore, cmi big time... no eyeball, less chances of making money from it...

[helios]

then in that case, WHY sharesowl got 700+ subscribers?

pluck from the sky? no paying ones ...