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SPH

I think this counter will b dancing bwt 4-4.20 range. Just hope tt it's dividend still Better (12c) onwards😊

Technically SPH is trading in a down trend channel. Watch the support at about $4.00.

http://mystocksinvesting.com/singapore-stocks/singapore-press-holding-sph/singapore-press-holding-sph-trading-in-down-trend-channel/

SPH - Yield attractions

Written By Stock Fanatic on Friday, September 27, 2013 | 9/27/2013

■ Expect final/special DPS of 16Scts with payout in Dec, equating to 4% yield for a c.10-week period

■ Muted earnings priced in rebound likely with recent upward GDP revisions

■ Financials can comfortably support another 20 to 30 Scts/share payout, on top of 22 Scts in FY14F

■ Reiterate BUY, TP revised to S$4.53

Expect 16 Scts final/special DPS

In SPH?s upcoming full year results (11 Oct 2013), we expect final/special DPS of 16 Scts. This will bring total DPS paid/proposed for FY13 to 41 Scts, representing a yield of 10%. SPH shares usually trade ex-final/special dividend within the first 2 weeks of Dec, and based on our expectations for 16 Scts DPS, this equates to a yield of 4% for a 10-week holding period.

We believe this is attractive, and limits downside risks during this period.

Muted earnings priced in

Given consensus? earnings downgrade of 8% in the past year since Aug?12, we believe the market has largely priced in a weak set of operating results amid an uncertain macro environment. Going forward, we believe earnings could improve, going by recent upward adjustments to consensus? 2013 GDP growth forecast for Singapore.

We also noted that AdEx growth for the period from May to Aug?13 has been stronger y-o-y.

Potential for higher payout

With the listing of SPH REIT, we project that SPH?s cash pile has risen to c.S$1.1bn. We estimate SPH can well afford to pay out at least another 20-30 Scts per share, on top of its usual DPS (FY14F: 22 Scts) to shareholders while net gearing still remains at a healthy 0.30x to 0.37x, up from an estimated 0.18x at end-FY14F.

Reiterate BUY, S$4.53 TP

We reiterate our BUY recommendation, with TP adjusted to S$4.53 (from S$4.75) to account for the S$0.18 special DPS paid in Aug and 5-10% cut to our earnings forecasts. This implies a total return potential of c.16%. Share price catalyst could come from higher earnings and further cash distributions given its huge cash horde. (Read Report)

Source : DBS Group Research

✌ ️

DATE OF RELEASE OF 2013 FULL YEAR RESULTS

Singapore Press Holdings Limited wishes to announce that it will release its financial results for the year ended 31 August 2013 on Friday, 11 October 2013.

Issued by Singapore Press Holdings Limited
26 September 2013

WanSiTong ( Date: 13-Sep-2013 16:55) Posted:

The hen that laid the golden eggs !!

Upside prevails?
Looks like it going dwn leh:(

Singapore Press Holdings ST: the upside prevails as long as 4 is support

Trading Central | 2013-09-25 22:42:00

Our preference: the upside prevails as long as 4 is support.

4 is our pivot point.

Our preference: the upside prevails as long as 4 is support.

Alternative scenario: the downside breakout of 4 would call for 3.92 and 3.87.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above

Be investor lo, look long term, Cheer!

TQ! Veteran 万！
Hope e golden eggs r still big ones😊

WanSiTong ( Date: 24-Sep-2013 12:55) Posted:

Be patient! Due date very near !!

Don't forget this is the hen that lays Golden eggs !! Lol......

Shirleyfong88888 ( Date: 23-Sep-2013 12:33) Posted:

Oh dear! Still hve 3 lots.
Not manage 2sell any last Friday 😞

Be patient! Due date very near !!

Don't forget this is the hen that lays Golden eggs !! Lol......

Shirleyfong88888 ( Date: 23-Sep-2013 12:33) Posted:

Oh dear! Still hve 3 lots.
Not manage 2sell any last Friday 😞

Below 4.00, just cum for long haul to Holland. Hahaha.

Oh dear! Still hve 3 lots.
Not manage 2sell any last Friday 😞

Singapore Press Holdings - Deflated dividend expectations

Written By Stock Fanatic on Monday, September 23, 2013 | 9/23/2013

SPH?s FY13 dividends could fall short of FY12?s 24 cents due to weak ad revenue and the loss of 30% of its property earnings. But one should not be negative on SPH as the S$757m raised from SPH REIT should compensate if management successfully develops new retail malls.

We reduce FY13-15 EPS by 2-13% for weaker ad revenues and the 30% fall in property earnings following the injection of two assets into the REIT. SPH remains a Neutral as potential dividend headwinds are balanced by S$757m cash proceeds that management is looking to deploy. Our SOP target price falls due to the payout of the 18 ct special dividend and a lower value for the core media operations after the EPS cuts.

" We will endeavor to provide the REIT a choice of well- located and high quality retail malls."

? Dr. Lee Boon Yang, Chairman

Regular dividends may be lower than FY12?s 24 cents

We think there is a strong possibility that FY13-14 dividends (excluding 18cts special dividend) could be cut if management does not raise the payout ratio. FY13 core earnings are likely to come in around 13% lower than FY12 because of weak advertising revenues. 9M13 is already 13% lower yoy and it is unlikely that the seasonally weak 4Q13 can make up for the shortfall.

Even if the climate for advertisers picks up in FY14, it may not be able to offset the fall in earnings from the loss of 30% property income to SPH REIT. Furthermore, interest expense is set to rise as the overall cost of borrowing increases after the REIT transaction. The debt taken on at SPH REIT costs 2.4% and is estimated to increase SPH?s overall funding cost from 2.1% to 2.3%.

S$757m war chest

Dividend headwinds are tempered by the large cash pile that management raised from SPH REIT. It will presumably use the cash to develop new retail malls, which management has a good track record in. Paragon achieved 7% rental CAGR in FY03-12. Furthermore, having a platform to recycle capital allows SPH to bid more aggressively for land sites, knowing that it has a ready buyer.

Staying Neutral

We are keeping our Neutral call. SPH still offers 5.1% yield even if dividends are cut to 21 cents. This compares favourably with FCT?s 6.1% and CMT?s 4.9%, with the added kicker of S$757m of net cash proceeds raised) for SPH compared to 0.4x net gearing for FCT and CMT. (Read Report)

CIMB maintains Neutral with $4.08 TP. House note that SPH?s FY13 dividends could fall short of FY12?s 24 cents due to weak ad revenue and the loss of 30% of its property earnings. But one should not be negative on SPH as the S$757m raised from SPH REIT should compensate if management successfully develops new retail malls. House reduce FY13-15 EPS by 2-13% for weaker ad revenues and the 30% fall in property earnings following the injection of two assets into the REIT. SPH remains a Neutral as potential dividend headwinds are balanced by $757m cash proceeds that management is looking to deploy. House SOTP falls due to the payout of the 18c special dividend and a lower value for the core media operations after the EPS cuts.

Tks veteran 万事通 😊

Singapore Press Holdings ST: the RSI is overbought

Trading Central | 2013-09-18 22:43:00

The MACD is positive and above its signal line.

4.01 is our pivot point.

Our preference: the upside prevails as long as 4.01 is support.

Alternative scenario: below 4.01, expect 3.92 and 3.87.

Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 3

Ooops! sorri post to the wrong thread..

WanSiTong ( Date: 19-Sep-2013 11:31) Posted:

Baker Technology ST: the RSI is overbought

Trading Central | 2013-09-18 22:51:00

Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244.

Our pivot point is at 0.265.

Our preference: the upside prevails as long as 0.265 is support.

Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, t

Baker Technology ST: the RSI is overbought

Trading Central | 2013-09-18 22:51:00

Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244.

Our pivot point is at 0.265.

Our preference: the upside prevails as long as 0.265 is support.

Alternative scenario: the downside breakout of 0.265 would call for 0.252 and 0.244.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, t

Counting yr golden eggs hor. Good luck.

Shirleyfong88888 ( Date: 16-Sep-2013 10:07) Posted:

SPH Go Go!!!

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SPH

SPH - Yield attractions

Written By Stock Fanatic on Friday, September 27, 2013 | 9/27/2013

Singapore Press Holdings - Deflated dividend expectations

Written By Stock Fanatic on Monday, September 23, 2013 | 9/23/2013