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SPH is a defensive stock...
Its value is in its dividend... if one bought at 4.40, the annual dividend is about 5%..
One can treat SPH as a golden goose that produces golden eggs annually.
simck001 ( Date: 20-Apr-2008 00:24) Posted:
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It might be time to raise the price. After all, everything else has increased.
I would say 20 c.
The elephant is now moving....
Dividend of 8 cents per share, an increase of 1 cent compare to last year.
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SINGAPORE - Singapore Press Holdings said on Monday its second-quarter net profit fell 6.3 per cent from a year ago, due to higher costs and lower investment earnings.
SPH posted net profit of $99.6 million (US$73.3 million) in the three months to the end of February compared with $106.3 million in the same period a year ago.
Net profit before investment income rose 36 per cent to $111.8 million.
The firm's shares closed 1.8 per cent lower at $4.43 just before the release of the results. -- REUTERS
2Q results will be out after market close today, expect profit to be flat - single digit grow with interim divds of at least 7 cts.
Hmm....weakness in price now, can load up a bit now - still below TT's buy price of $4.48..hahaha!
Managed to hit $4.64 for a while... and closed at $4.60 down $0.02.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 4.590 | 12 | 49,000 | 24,000 | 25,000 | 0 |
| 4.600 | 28 | 254,000 | 69,000 | 122,000 | 63,000 |
| 4.602 | 1 | 531,000 | 0 | 531,000 | 0 |
| 4.610 | 95 | 507,000 | 301,000 | 0 | 206,000 |
| 4.618 | 1 | 44,000 | 0 | 44,000 | 0 |
| 4.620 | 134 | 1,075,000 | 718,000 | 0 | 357,000 |
| 4.630 | 154 | 1,379,000 | 849,000 | 18,000 | 512,000 |
| 4.640 | 9 | 134,000 | 0 | 0 | 134,000 |
| TOTAL | 434 | 3,973,000 | 1,961,000 | 740,000 | 1,272,000 |
SPH enters into joint venture with the Star for the provision of digital media services in Malaysia
SINGAPORE, 7 April 2008
SPH II is a fully-owned subsidiary of Singapore's foremost media company Singapore Press Holdings Limited (
The joint venture is called "
The signing was done this morning at the headquarters of Star Publications (Malaysia) Bhd, Menara Star, which is situated in Petaling Jaya, Kuala Lumpur, Malaysia.
Signing on behalf of SPH was one of SPH II's directors, Mr Leslie Fong, who is also SPH's Senior Executive Vice President of Marketing. Representing the Star was their Chief Operating Officer Datin Linda Ngiam. SPH Chief Executive Officer Mr Alan Chan and Chief Executive Officer of the Star Datuk Steven Tan were also present to witness the signing.
Mr Fong said: "Malaysia has one of the highest Internet penetration rates in Southeast Asia. More than half of its 28 million people enjoy ready access to the Internet. In absolute numbers, this is more than Singapore's entire population. Together with the country's growing economy, these make investing in the online business an attractive proposition."
"Furthermore, SPH has found a very good partner in The Star. As Malaysia's leading English-language newspaper, it is a strong brand name. With its intimate understanding of the Malaysian business environment and its well established network of readers and advertisers, it will have much to contribute to the success of our joint venture," added Mr Fong.
Datin Linda Ngiam said: "SPH, through its various research initiatives, has developed what we feel is the right methodology to create a platform that can connect local businesses with local users in the most effective and relevant way."
"The Star has spent more than 12 years establishing a leadership position in the Malaysian Internet scene. We are happy to enter into this partnership with SPH, which will take our online and new media properties to the next level," she added.
For General info,
2QFY08 results to be released on 14 April. Advertising revenue growth
could surprise on the upside.