Singapore Stock Market News

Singapore Press Holdings - 3QFY8/18: Small wins amidst digital disruption

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Publish date: Fri, 13 Jul 2018, 01:22 PM
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■ Excluding disposal gains and impairment, 3QFY18 core PATMI of S$57.3m (-14% yoy) was in line with our and Bloomberg consensus expectations.

■ Media PBT margin weaker yoy in 3QFY18, but could stabilise with better control of staff costs and increasing shift towards to e-paper to mitigate higher newsprint prices.

■ Enhanced data analytics and digital capabilities could support the growing momentum of digital circulation and ad revenue.

Maintain Add given FY18-20F dividend yield of 5.5% and potential catalysts from successful acquisitions of cash-yielding property assets overseas. Read More
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