Singapore Press Holdings (SPH)

[donmihaihai]

Throwing out media business might actually benefit Singapore in term of public good or just getting news. I mean how lower can it goes especially with hands being free again and might be a good chance to start trying.....

Years later, people might look back and say how lucky that SPH throw towel.

Even if media business failed, we might still be getting decent news as people move and starts something

[¯|_(ツ)_/¯]

SPH reit and Keppel reit - halted

Stay home and stay safe, everyone.

[¯|_(ツ)_/¯]

sph@194
Update on Court Applications by Subsidiary
https://links.sgx.com/FileOpen/SPH%20Ann...eID=682578

Backed in 2014, I chanced upon SRX presentation from Jeremy and this is what I gathered:
1. The online platform to for consumers and property agent is very similar to propertyguru aka it's on par.
2. What makes SRX standout among its competitor is astonishing.

Today, a lot of people is talking about AI/ML/API/Algo, Big Data/Data Lake, Digital to the core...

Backed in 2014, SRX already did that and not only SRX done that but done with flying colors.

Let me share a few examples that I noted (bear in mind that I usually see things differently from what other people sees).

A) If there is a dispute in property transaction eg. suppose two property agents (could be from same or different agency) claims to gotten the exclusive right to market a property, how do you know who is the first one gotten the exclusive right?
Based on the date on the signed copy? may be, may be not.

If the property agents had a common depository to submit their exclusive rights, then based on the timestamps of their submission, one could easily deduced which of the property agent uploaded the information and would be a good source to reference.

Furthermore, if all the property agents in Singapore was told/teach to use the same data repository to submit their exclusive letter, then this would be the single source of truth.

And, of course, the online portal that I'm referring to is SRX.

B) So, the next question is, granted, all property agents in Singapore were told/taught to submit their papers to SRX (common data depository for all property agencies), the next question is what makes them kuai-kuai and submit these as fast as possible?  
I mean, they could take their own sweet time to submit the signed OTP or exclusive rights tomorrow or wait till weekend.

Well, the answer is commission.  The calculation of the commission for the property agent is (again) based on the common data depository.
These agents are motivated by $$$.  One would things that they should submit the forms to their individual agency system and get recognized. make sense, right? 
If you are from Propnex, shouldn't you submit your forms to Propnex?

Well, if you think further, for every transaction, there is a buyer and seller, which typically represented by their respective agent.  These agents likely would be from different agencies.  By submitting to their respective agencies, it will lack a Single source of truth.
For example, if one transaction was filed at different agencies and contains some mistake, it would take a long time (wait) before the mistake is spotted.

With a Single source of truth, both property agents submitted details in a common data repository, would be easier to reconcile and any errors detected earlier.

And, of course, I'm referring to SRX being the Single source of truth.

Amazingly, do you know that SRX actually calculated and provide valuation for a property (using AI/ML etc)?

The AI/ML part is ok because I'm sure someone else in China or USA could provide a equal or better algorithm.

What amazed me is SRX actually linked up with URA, HDB, SP etc (commercial and government agencies).

The data that SRX gotten from these private and public source is really amazing.

Let me share one of the power derived from these synergy of data source.

***
We always refers to URA and HDB for the latest property transaction prices (with COV)?

I tell you that these so call latest transaction price that you gotten is outdated by at least 2 weeks.

Why?

When a property agent gotten the OTP, he would not upload or submit to URA or HDB immediately.

The first place he upload is SRX - for filing and to claim commission later on.

SRX gotten the price update the moment a property agent gotten the signature.

If you refers to Leslie from SPH (during the acquisition of SRX), he got it right! 
StreetSine has set the standards for providing users with real-time pricing information

Thank you for reading.


https://drive.google.com/open?id=1Zi8YCt...A1F4OmN4Ya

Stay home and stay safe, everyone.

[Shiyi]

sph@194
Update on Court Applications by Subsidiary
https://links.sgx.com/FileOpen/SPH%20Ann...eID=682578

Backed in 2014, I chanced upon SRX presentation from Jeremy and this is what I gathered:
1. The online platform to for consumers and property agent is very similar to propertyguru aka it's on par.
2. What makes SRX standout among its competitor is astonishing.

Today, a lot of people is talking about AI/ML/API/Algo, Big Data/Data Lake, Digital to the core...

Backed in 2014, SRX already did that and not only SRX done that but done with flying colors.

Let me share a few examples that I noted (bear in mind that I usually see things differently from what other people sees).

A) If there is a dispute in property transaction eg. suppose two property agents (could be from same or different agency) claims to gotten the exclusive right to market a property, how do you know who is the first one gotten the exclusive right?
Based on the date on the signed copy? may be, may be not.

If the property agents had a common depository to submit their exclusive rights, then based on the timestamps of their submission, one could easily deduced which of the property agent uploaded the information and would be a good source to reference.

Furthermore, if all the property agents in Singapore was told/teach to use the same data repository to submit their exclusive letter, then this would be the single source of truth.

And, of course, the online portal that I'm referring to is SRX.

B) So, the next question is, granted, all property agents in Singapore were told/taught to submit their papers to SRX (common data depository for all property agencies), the next question is what makes them kuai-kuai and submit these as fast as possible?  
I mean, they could take their own sweet time to submit the signed OTP or exclusive rights tomorrow or wait till weekend.

Well, the answer is commission.  The calculation of the commission for the property agent is (again) based on the common data depository.
These agents are motivated by $$$.  One would things that they should submit the forms to their individual agency system and get recognized. make sense, right? 
If you are from Propnex, shouldn't you submit your forms to Propnex?

Well, if you think further, for every transaction, there is a buyer and seller, which typically represented by their respective agent.  These agents likely would be from different agencies.  By submitting to their respective agencies, it will lack a Single source of truth.
For example, if one transaction was filed at different agencies and contains some mistake, it would take a long time (wait) before the mistake is spotted.

With a Single source of truth, both property agents submitted details in a common data repository, would be easier to reconcile and any errors detected earlier.

And, of course, I'm referring to SRX being the Single source of truth.

Amazingly, do you know that SRX actually calculated and provide valuation for a property (using AI/ML etc)?

The AI/ML part is ok because I'm sure someone else in China or USA could provide a equal or better algorithm.

What amazed me is SRX actually linked up with URA, HDB, SP etc (commercial and government agencies).

The data that SRX gotten from these private and public source is really amazing.

Let me share one of the power derived from these synergy of data source.

***
We always refers to URA and HDB for the latest property transaction prices (with COV)?

I tell you that these so call latest transaction price that you gotten is outdated by at least 2 weeks.

Why?

When a property agent gotten the OTP, he would not upload or submit to URA or HDB immediately.

The first place he upload is SRX - for filing and to claim commission later on.

SRX gotten the price update the moment a property agent gotten the signature.

If you refers to Leslie from SPH (during the acquisition of SRX), he got it right! 
StreetSine has set the standards for providing users with real-time pricing information

Thank you for reading.


https://drive.google.com/open?id=1Zi8YCt...A1F4OmN4Ya

Stay home and stay safe, everyone.

Some sharp questions posed by Prof Mak on SPH demerger.

https://governanceforstakeholders.com/20...mber-2021/

[¯|_(ツ)_/¯]

SPH@194
Halted
https://links.sgx.com/1.0.0/corporate-an...212add3559

Stay home and stay safe, everyone.

[touzi]

Some sharp questions posed by Prof Mak on SPH demerger.

https://governanceforstakeholders.com/20...mber-2021/

[url=https://governanceforstakeholders.com/2021/09/04/questions-for-the-sph-egm-to-be-held-on-10-september-2021/][/url]

Were Prof Mak's questions answered during the EGM?

[CY09]

Prof Mak is asking tough questions for Q9 and Q10, the newspaper act of Singapore is clearly impeding things. Yes, SPH could have closed off its media, give 3 months termination to its entire media division staff. Such a restructuring costs will cost less than $300 million. However, the SPH board of directors will spin a long tale to show why closing down the media business will cost more than $300 million. If SPH was truly a commercial entity, giving staff a 3 months termination notice will cost less than $100 million.

However, we have to take in the fact when SPH was converted from a statutory board it was given the freehold land of Paragon on the cheap which has added 1 billion in value to the company. If i were a shareholder, I will just close eyes and donate 300 million to the new media entity given the past.

[Shiyi]

Prof Mak is asking tough questions for Q9 and Q10, the newspaper act of Singapore is clearly impeding things. Yes, SPH could have closed off its media, give 3 months termination to its entire media division staff. Such a restructuring costs will cost less than $300 million. However, the SPH board of directors will spin a long tale to show why closing down the media business will cost more than $300 million. If SPH was truly a commercial entity, giving staff a 3 months termination notice will cost less than $100 million.

However, we have to take in the fact when SPH was converted from a statutory board it was given the freehold land of Paragon on the cheap which has added 1 billion in value to the company. If i were a shareholder, I will just close eyes and donate 300 million to the new media entity given the past.

CY09:
Since when SPH was a statutory board? And where did you get the info that the Paragon was given on the cheap?

[CY09]

Oops my bad, they weren't part of a government entity and the land was theirs to start with. Probably had mixed them up with NOL

[weijian]

Not exactly a bidding war - Keppel's 2.099 bid is made up of cash + capital reduction via SPH REIT + Keppel REIT but an all cash offer is a much better proposition I presume.

Directors have a fiduciary duty to get the best price for shareholders and so the 2.10 bid will be recommended now. Keppel Corp has got to up its bid now.

It's been years since the last billion dollar bidding war passed on the local equity market (F&N getting privatised was the last)

POSSIBLE OFFER ANNOUNCEMENT PROPOSAL TO ACQUIRE SINGAPORE PRESS HOLDINGS LIMITED ("SPH")

S$2.10 fully in cash for each Share

https://links.sgx.com/FileOpen/KCL%20Ann...eID=688663