Singapore Press Holdings 01 (May 08 - Nov 11)

[millionairemind]

newspaper company can also become property developer.... amazing

haha.. even our Popular bookstore is in the act!

[LenaHuat]

Can I use this as a read on the direction of property prices here?

[iam802]

I happen to buy the Sat and Sunday papers and noticed that there isn't much ads.

And just now, while visiting Asiaone, I noticed this.....

Hidden Content:

AsiaOne.png

Noticed how the site is promoting its own 'platform'

My first thought is that ads revenue must be still pretty weak. This is just based on intuition; nothing to support the idea.

Anyone tracking this?

[millionairemind]

Jul 12, 2010
SPH net profit up 30%
By Fiona Chan

MEDIA group Singapore Press Holdings has posted a 29.9 per cent jump in net profit to $164.6 million for its third quarter, ended May 31.

Group operating revenue rose 26.9 per cent over the same period last year to $415 million, boosted by rebounds in both the newspaper and magazine segment as well as the property division.

A jump in advertisement sales pushed up revenue of the newspaper and magazine segment by 19.8 per cent over a year ago to $265.9 million in the quarter, SPH said.

Property revenue went up by 43.4 per cent to $135.3 million, on the back of higher revenue from SPH's condominium Sky@eleven and an increase in rental income from the group's Paragon shopping mall.

'Our print advertisement revenue and profit from our core newspaper business have rebounded strongly, in tandem with the economic recovery,' said SPH's chief executive officer, Mr Alan Chan, in a statement.

He added that the group 'remains committed to devote resources to develop our digital and interactive media businesses'.

[arthur]

Personally I feel that SPH has morphed from a dividend stable stock based on media, ie. newspapers to growth depending on properties increasingly.

There is nothing wrong to capture greater growth from properties except that old timers of SPH may not realise that SPH has changed its strategic direction. As such, dividends may not be so stable as before since earnings are coming increasingly from cylical industry, properties.

This is a counter i will watch but not touch for now, perhaps till next recession.

Not vested.

[LenaHuat]

Hi arthur
SPH is morphing the way F&N has. But the property sector is a little too crowded now?

[Chinaman]

wat news on SPH......its been floating slightly below $4.00 for quite sometimes..

Today suddenly shoot to 4.20 and sub-sided at 4.12 now.

I been holding this big cap counter for more than 5 yrs,,,,usually she gives good dividend at year end (Dec)...and by Nov it historical price will hit 4.50 based-on past record...despite my stock sifu cautious me not to overload this stock, due to internet era...

anyone got any update?

[kanglc]

Newspaper has also gone online. New media initiatives include AsiaOne, ST701, Redanno, Stomp, omy, RazorTV, and acquisitions of HardwareZone, ShareInvestor, etc. And SPH owns 20% of Starhub (?), and is a member of OpenNet. So I think old man knows about internet era/challenges etc. but is being conservative and not much high-impact moves. (imagine SPH has something as powerful as google/facebook)

[winston]

Not vested

Singapore Press Holdings ST: the RSI is oversold <SPRM.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/SPH ... 012824.gif

Our pivot point is at 4.05.

Our preference: eye 3.77.

Alternative scenario: above 4.05, look for 4.14 and 4.2.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case).

The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under its 20 day MA (4.03) but above its 50 day MA (3.95).

SingaporePress Holdings is currently trading near its 52 week high reached at 4.2 on 30/07/10.

Supports and resistances: 4.14 *4.05 **4.01 3.95 last 3.83 3.77 **3.72 *

Source: Reuters

[tonylim]

SPH Staff Dismissed

Singapore, 16 September 2010 - Singapore Press Holdings Limited said today that it has dismissed Mr Peter Khoo Chong Meng, a senior vice president in the English & Malay Newspapers Division, after he voluntarily admitted to receiving illegal payments and misappropriating shopping vouchers handled by his Editorial Projects
Unit. These vouchers were intended for branding and promotion activities of The Straits Times, which his unit organises.

Mr Khoo, who served 22 years in SPH, has made restitution of $196,500 for the payments he admitted to receiving illegally and for the vouchers he misappropriated. A police report has been made and investigations are ongoing.

Mr Khoo also chaired the organising committee which coordinates events and activities to raise funds for The Straits Times School Pocket Money Fund (“STPMF”). He has been replaced in this role with immediate effect by Ms Bertha Henson, associate editor of The Straits Times, who will also head the Editorial Projects Unit.

The STPMF is administered by the National Council of Social Service (“NCSS”). While the Editorial Projects Unit organises fund-raising activities for the STPMF, donations received are forwarded to the NCSS for crediting into the STPMF account maintained by NCSS. The funds are subsequently disbursed by NCSS through voluntary welfare organisations (VWOs) to needy students. Donations received by NCSS are acknowledged with official receipts.

To the best of the Company’s knowledge, none of the donations made to the STPMF has been misappropriated.

Mr Alan Chan, Chief Executive Officer of SPH, said:" SPH takes a serious view of the matter. We are reviewing our internal processes and will do whatever is necessary to tighten our procedures in all aspects, including that of the Pocket Money Fund. Our external auditors have also been informed."