Singapore Press Holdings 01 (May 08 - Nov 11)

[LenaHuat]

RedNano?? I could never figure out why it was so named. And so purged it from my limited memory from day 1.

[iam802]

My guess on 'RedNano'

Red = Singapore

Nano = because...Nano was the hype when they first launched. (just like some stem cell computing hype keyword for a certain 'creative' company)

[kennynah]

nano...so small until lost in translation ... hahaha...

[tonylim]

Look at shareinvestor.com after SPH bought over .

[kennynah]

better for sph to buy this forum....

[winston]

Not vested

Singapore Press Holdings (SPH) may be in focus after it said on Friday its first quarter net profit fell 29.3 percent due to a drop in operating revenue from its property segment.


Source: Reuters

[winston]

Not vested

Singapore Press Holdings’ first-quarter results, reported last Friday, showed a 10% YoY rise in core net profit, but staff costs, the largest cost component at 42% of total costs, rose a faster 16% YoY, the biggest increase in a year.


Source: Kim Eng

[tonylim]

Source : CNA forum.

Feel shareholders of SPH should raise this issue during the coming AGM ?

Quote:

RC Chairman, Mr Raymond Teoh of Hong Kong Mistress Saga removed?

Last week, Temasek Review carried an article detailing how a Toa Payoh East Zone 6 Residential Committee Chairman, Mr Raymond Teoh, dumped his Hong Kong mistress after making her pregnant twice.

Sindy Wong, the mistress, then took revenge by uploading several intimate pictures of her with Raymond Teoh onto her facebook for all to see [TR Article: Grassroots organisation Chairman dumped pregnant mistress].

Since then, there has been new and interesting development. According to the latest updates from Sindy Wong’s facebook, Raymond Teoh sent her a SMS calling her a “whore who worked at a nightclub” and threatened to tell everyone in Singapore. Ms Wong asked for evidence and countered on her facebook, “May I ask, did you ever pay me any money after we had sex every time? Did you ever give me any living allowance?”

Ms Wong further disclosed that during the time when Raymond Teoh was an Assistant Vice President at SPH, every time he went to Hong Kong, he would forged invoices to make fake claims cheating the company. Each time, he would forge three invoices amounting to HK$5,000. They were mainly for lunch and dinner expenses. Should SPH neeedd verification, Ms Wong said that she is willing to come forward and testify.

From Sindy Wong’s facebook:

Quote:


各位朋友,我剛收到張淡金先生的一個短信,他說我是在夜總會裡做工,我是一個妓女,明天新加坡所有人都會知道,你有証據就拿出來吧?你以為這像樣做就能掩飾你的罪行嗎?請問你每次和我做愛後有沒有付錢給我,你有沒有給我生活費?你是要我把你所有的罪行公諸於世嗎?你還在SPH公司工作期間,每次來香港,偽造虛假發票,欺騙公司資金,每次三張一共是大約HKD$5000,均是午餐及晚餐的費用,公司定必有記錄,若SPH公司需要察証可聯絡本人,張淡金先生多謝你再一次誣陷及傷害我,下次你應該說我是從事非法買賣,黑社會人物…….送你一句話:你去死吧….沒人牲,自私自利………………..




After the release of the news by Temasek Review about Raymond Teoh, it is interesting to note that the website of Toa Payoh South Community Club no longer lists Mr Raymond Teoh as its Toa Payoh East Zone 6 Residential Committee Chairman. The new Chairman now is a person by the name of Joseph Foo Joon Aik [Link]. The term of office was stated as from 1 Feb 2011 to 31 Jan 2013 and this new information on the website was updated on 3 Mar 2011, 3 days after Temasek Review broke the news on the 28 Feb. It was not known if Mr Raymond Teoh had resigned much earlier before the news or resigned/was told to resign when the news broke.

Mr Raymond Teoh’s last known employment was the General Manager of property portal propertyguru.com.sg which he left at the end of November 2010.

In any case, Lianhe Wanbao reported on 6 Mar that Ms Wong would be coming to Singapore next week to have a press conference in Singapore. It will be interesting to hear if she discloses any further misdeeds by the ex-RC Chairman.

.

Audrey Sim

Unquote:

[winston]

Not vested

RESEARCH ALERT-CIMB cuts SPH target to S$4.29 vs S$4.51

SINGAPORE, April 14 (Reuters) - CIMB Research cut its target price for media firm Singapore Press Holdings (SPH) to S$4.29 from S$4.51 but maintained its neutral rating.

STATEMENT: CIMB cut its target price for SPH after broker said the company reported worse than expected second-quarter net profit of S$75.4 million ($60 million), which was 33.5 percent lower than the year-ago figure.

The brokeraage also cut its earnings per share estimates for SPH in 2011 to 2013 by 3 to 5 percent to reflect higher staff and newsprint costs in its publishing business and lower rental contributions from its Singapore property, Clementi Mall.

Although operating revenue rose 7.7 percent year-on-year due to stronger sales print advertising and higher rentals, margins were hit by higher newsprint prices and staff wages, the brokerage said.

At 0115 GMT, SPH shares were down 1.26 percent at S$3.93 on a volume of 766,000 shares. The stock has fallen 1.26 percent so far this year.


Source: Reuters

[winston]

Not vested

SINGAPORE PRESS HOLDINGS - Singapore Press Holdings, which has a near monopoly of newspaper publishing in the city-state, reported a 30 percent drop in third-quarter net profit in the absence of earnings from property development.


Source: Reuters