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Singapore Press Holdings (SPH)
14-09-2018, 12:21 AM.
Post: #941
RE: Singapore Press Holdings (SPH)
Some thoughts: 


Granted that the traditional newspaper business is in the decline and SPH will have to find new growth areas. 

But, that does not mean that the information and media business is dead. On the contrary, the biggest companies today are in these or related businesses. Here, I am extending the adjacent businesses of SPH to include those businesses in e-commence and the digital platforms. 

Companies thriving here include the likes of Google, Yahoo, Facebook, Twitter, Instagram, Amazon, Alibaba, etc. Beyond that, you also have those doing e-learning, which is revolutionising the education industry. 

There is so much SPH can do, before resorting to the property business. It is not that the property business is not good. But, within the Temasek staple, there are already other units covering this space. 

So, i would hope SPH can review and challenge itself to be the likes of Google (or the other examples mentioned earlier). It can grow organically or thru M&A.

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15-09-2018, 03:58 PM.
Post: #942
RE: Singapore Press Holdings (SPH)
(14-09-2018, 12:21 AM)horlick97 Wrote: Some thoughts: 


Granted that the traditional newspaper business is in the decline and SPH will have to find new growth areas. 

But, that does not mean that the information and media business is dead. On the contrary, the biggest companies today are in these or related businesses. Here, I am extending the adjacent businesses of SPH to include those businesses in e-commence and the digital platforms. 

Companies thriving here include the likes of Google, Yahoo, Facebook, Twitter, Instagram, Amazon, Alibaba, etc. Beyond that, you also have those doing e-learning, which is revolutionising the education industry. 

There is so much SPH can do, before resorting to the property business. It is not that the property business is not good. But, within the Temasek staple, there are already other units covering this space. 

So, i would hope SPH can review and challenge itself to be the likes of Google (or the other examples mentioned earlier). It can grow organically or thru M&A.

hi horlick97,
Customer habits have changed and in this space, it requires first mover's advantage. It's probably too late for SPH (to be the likes of Google). They are better off buying some of the startups which they have done but with their origins and current environment (startups look for branded VCs and there are aplenty), it should be far fetch they will find the next Big Thing in the digital space. On the contrary, i think some of their non media acquisitions like Orange Valley are good.

Looking at the way things are moving for traditional media in the US, local newspapers (mainly subscription based) still have a part to play and SPH is like a "local paper" in a sense. The traditional media business will still be profitable as long as they trim enough fat. But previous margins will never come back.

It's also not a bad idea to be in the property business in land-scarce Singapore. You look at the Top10 richest in Spore, excluding foreign imports, there is only 1 chairman from Nippon SEA fame that is a non-property guy (or didn't dabble in property). The rest of rag-to riches guy all either made their fortunes in property or profited immensely from it.

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15-09-2018, 11:10 PM. (This post was last modified: 15-09-2018, 11:11 PM by CY09.)
Post: #943
RE: Singapore Press Holdings (SPH)
Its is painfully true that most of the crazily rich Singapore families grew their wealth from owning properties; mainly thanks to Singapore rapid economic rise. However, I am of the view it is unlikely for Singapore to maintain its ridiculously high growth of ppty prices (law of large numbers). What worked in the past may not in the future.

Orange Valley is a decent proposition due to Singapore's ageing population, this is where the next phase of growth is likely to be in- providing aged care etc.

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