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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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13-04-2019, 10:34 PM.
Post: #944
RE: Singapore Press Holdings (SPH)
Print advertisement and circulation continues to fall.

https://links.sgx.com/FileOpen/SPH%20-SG...eID=551221

I wonder where is the bottom for sph's media business.

Dividend will likely be reduced if this is to persist till the end of the year.

Is the market pricing SPH at yields that are too low?

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14-04-2019, 02:58 PM.
Post: #945
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.

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14-04-2019, 03:08 PM.
Post: #946
RE: Singapore Press Holdings (SPH)
To begin with, Temasek has no interests in SPH.
Next, it's easier for Tech company to disrupt the traditional business. But an uphill climb for traditional business to transform itself into a tech company. It requires a different skillset and talent. In fact, SPH makes more money from traditional property business than the digital space.

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16-04-2019, 09:25 PM.
Post: #947
RE: Singapore Press Holdings (SPH)
SPH Expands UK Student Accommodation Portfolio with £133.7 Million Acquisition

Highlights :
* A total of 1,243 beds were acquired, bringing SPH’s total portfolio to over 5,000 beds across 20 assets in 10 cities
* Cash yielding acquisition in a defensive asset class that will enhance recurring income for the Group
* In line with strategy to build UK Student Accommodation portfolio to platform of scale as assets under management (AUM) expands to over S$600 million
* The portfolio spans 3 cities (Southampton, Sheffield and Leeds)  in the UK and has a total capacity of 1,243 beds
* The portfolio comes with a rental guarantee that covers the 2018/2019 and 2019/2020 academic years.

More details in :
1. https://links.sgx.com/FileOpen/SPH%20Ann...eID=553557
2. https://links.sgx.com/FileOpen/SPH%20Med...eID=553558
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Yesterday, 11:53 PM.
Post: #948
RE: Singapore Press Holdings (SPH)
(16-04-2019, 09:25 PM)cyclone Wrote: SPH Expands UK Student Accommodation Portfolio with £133.7 Million Acquisition

Highlights :
* A total of 1,243 beds were acquired, bringing SPH’s total portfolio to over 5,000 beds across 20 assets in 10 cities
* Cash yielding acquisition in a defensive asset class that will enhance recurring income for the Group
* In line with strategy to build UK Student Accommodation portfolio to platform of scale as assets under management (AUM) expands to over S$600 million
* The portfolio spans 3 cities (Southampton, Sheffield and Leeds)  in the UK and has a total capacity of 1,243 beds
* The portfolio comes with a rental guarantee that covers the 2018/2019 and 2019/2020 academic years.

More details in :
1. https://links.sgx.com/FileOpen/SPH%20Ann...eID=553557
2. https://links.sgx.com/FileOpen/SPH%20Med...eID=553558

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Yesterday, 11:56 PM.
Post: #949
RE: Singapore Press Holdings (SPH)
Does anybody know if Bidadari property project, being a mixed development, is also subject to QC rule, i.e. selling within five years upon obtaining the land parcel? It seems that SPH is not in a hurry to sell.

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