SPH   

SPH

Incirent, where u obtain the news that results to be announced on 12/9? Is it confirmed?


My  guess is that payout will range from 17 - 23 cps.

 

Good news for all SPH stock holders. Results for the FY07 will be announced on the 12th October/07.

Any suggestion in relation to the end of the year payout?

 

Dear investors,

This is the time again... end of Sep or early Oct when SPH will announce its FY result and dividend. Expect the share price to creep up again during this period. I guess it is a good time now to accumulate for value / long term investors especially at the present market condition whereby its valuation isn't demanding, it's defensive with good dividend yield. Better still, Dow dip 250pts last Fri, thus expect a sell down come Mon. A good chance to buy between $4.08 - $4.26, the price the company last buy-back 1.7mn of its own share 3 weeks ago. Cheers!

 

I will take position with SPH when it's $3.90, no more no less. Current price although got bashed down, it's still high to me.

 

Hi,

Anyone with view on how this counter will perform, the annual report will be out soon...next month...

Tks,

 

Chin Chye

Thanks for the information but can you also share the article with us? Thanks 

 

 

Hmm... today saw on papers, there is one analyst reporting that SPH and Comfortdel have very strong cash holdings...

Hmm... Comfortdel is already giving out special divy... when is SPH going to give?!! Haha....

Cheers,

Anything.

 

since I unload at 4.66 in July 07, I didnt monitor this counter anymore. Didnt know that it went down to as low at 4.08.... Will buy in again should it go down to 4.2 range :)

 

SPH is one counter that promise alot but do not deliver.

If based on divvy payout might as well buy say,SPC or say REIT shares?

 

SPH alway give good Divident & is better than bank interest, I received "Nett 3.97%" on last Dec.

 

The company have reactivated the share-buy-back last week and bought 1.5m share between 4.08 - 4.26 within 2 days. I guess this is the price to look forward to accumulate.

 

Yap, i agree with Farmer...

Strong Fundamental stock.. today correction, seems like doesnt affect much as compared to other blue chips stocks.. (like SPC, F&N, etc.)...(*cross my fingers* haha..) maybe one of the reasons is because this stock is still lagging behind other blue chips during the period of bull run.. if it doesnt climb up fast how does it drop fast??...

Just my chinchye opinion...

 

SPH is one of the few value stock around with strong fundamentals and mgmt team that you can trust and continue to hold for your next generation!

Those who's vested can ignore its daily fluctuation and take a stroll at a nature park nearest to your home unless you are ready to bottom fish.

Also...dun short this counter, you'll get surprises as it's 100% free float!

 

I hope so too. Getting a little tired of waiting. Since last december analysts have been predicting it to rise to $5 to $5-50 but it just seems like a distant dream. All results etc point to a rise in the stock but now with the market crash dunno how lah. Let's hope for the best.

 

Not only M1, Starhap is also giving out generous dividends. Looking at all these positive information and also, August is the last month of the financial year. Either late September or early October will see the end of the year dividends for SPH. If the past is an indication, SPH will start to climb very soon.

 

Good news from M1 today, Hope SPH will rise & finally cross the $5/- mark. How much more good news does it need, Paragon revalued upwards, Good 3rd quarter results & now finally M1 doing well.

 

Summary: SPH reported its 3Q07 results yesterday with operating income growing 8.6% YoY to S$291m. Core operating profits before investment income and exceptionals rose an encouraging 15.2% YoY to S$108.8m. Net profit declined 8.7% YoY to S$159.8m due to an exceptional gain of S$69.1m in 3Q06. In line with AC Nielsen?s latest Adex figures, revenue for SPH?s main printing business rose 7.8% YoY to S$255.7m, primarily aided by print adverts which grew strongly by 10.4% YoY to S$195.6m. Paragon was recently revalued from S$1.52b to S$1.82b, adding S$0.19 to our valuation. However, staff costs rose 12% YoY to S$76.7m, in tandem with the tight labour market and moderate organic expansion. SPH has finally started to match the Singapore economy?s growth pace. Along with better than expected investment gains and growth in print adverts, we also see that SPH?s associated companies and JVs have likely turned the corner as they are contributing positively for the second consecutive quarter. As such, we revise our net profit for FY07 to S$521m (previously S$461m). We remain conservative on the outlook in FY08 and revise our net profit less aggressively to S$536m (vs. S$524m). We also up our fair value from S$4.60 to S$4.87, but maintain our HOLD rating due to its limited upside. (Kelly Chia)

Core operations benefit from Singapore economy. SPH reported its 3Q07 results yesterday with operating income growing 8.6% YoY to S$291m. Core operating profits before investment income and exceptionals rose an encouraging 15.2% YoY to S$108.8m. SPH reaped a one-time gain from MobileOne?s capital reduction exercise, resulting in a 139% YoY jump in investment income to S$75.3m. Despite the better performance in core operations and jump in investment income, net profit declined 8.7% YoY to S$159.8m for the quarter. This was due to 3Q06?s one time gain of S$69.1m from the upward revaluation of Paragon.

Print ads boost core printing business. Revenue for SPH?s main printing business rose 7.8% YoY to S$255.7m, primarily aided by its print ads which grew strongly by 10.4% YoY to S$195.6m. This was roughly in line with AC Nielsen?s latest Adex figures which indicated a 14% YoY rise in SPH?s Feb-May display ad volumes.

Double edged sword in bullish economy. SPH?s diadem, Paragon, was not left out in the cold as a spectator in the hot property market. Knight Frank recently revalued Paragon from S$1.52b to S$1.82b, thereby adding S$0.19 to our valuation. However, the booming economy is also a double-edged sword. The bid to stay competitive with bonus provisions and increments in salary was evident in its staff costs climbing 12% YoY to S$76.7m. We expect staff cost to continue to rise moderately as SPH expands organically with new media businesses and to retain staff.

Starting to keep stride. SPH has finally started to match the Singapore economy?s growth pace. Along with better-than-expected investment gains and growth in print ads, we also see that SPH?s associated companies and JVs have likely turned the corner as they are contributing positively for the second consecutive quarter. As such, we revise our net profit for FY07 to S$521m (previously S$461m). We remain conservative on the outlook in FY08 and revise our net profit less aggressively to S$536m (vs. S$524m). We up our fair value from S$4.60 to S$4.87, but maintain our HOLD rating due to its limited upside.

 

Why the sudden increase by 10cents today? This counter was sold down yesterday at closing.

 

Dear Incirent...care to share how you derive SPH to be $5.00 to $5.20 by September. I hope you can convince me and I am willing to come back to SPH , perhaps at lower price. My calculation is based on cash flow deriving the intrinsic value of SPH and you will not be pleased with the numbers. All business ultimately comes down to how much the cash flow is. Net profit are just a number but the $$ they made may not arrive. My "fair value" for SPH is $3.90 and without saying, it's over value at current price. Of course I may be wrong.

 

I sold my last 2 lots in SPH last week. Even though if SPH shoots up to $5, I won't feel sad. What is important is that all of us here make money right, no matter in which counter!?! As long as we all make money, we all feel shiok and so will the economy..... So good for all the share prices.....

No matter which counter we support, let's us make lots of money and we all work towards STI 4000!