Bidadari

Broker's Calls

DBS slashes near-term earnings estimates for SPH on waning property, advertising prospects

SINGAPORE (July 12): DBS Vickers Securities is maintaining its “hold” call on Singapore Press Holdings (SPH) with a lower target price of $2.58 compared to $2.60 previously, after lowering FY19-20F earnings by 21-35% on slower residential property sal

Yongnam wins four local contracts worth $23 mil

SINGAPORE (July 10): Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, has secured four contracts worth $23 million for projects in Singapore.

In print this week

SPH is facing the same problem as SMRT

SINGAPORE (June 23): Singapore Press Holdings' (SPH) media business once generated reliable cash flows that it invested in other ventures, especially property development.

SPH-Kajima JV to build over 600 residences, 310,000 sf mall on Bidadari site

SINGAPORE (June 21): Consortium partners Singapore Press Holdings (SPH) and Kajima Development plan to develop over 600 residential units with a retail/commercial component of roughly 310,000 sf gross floor area at the Bidadari site they recently won.

Broker's Calls

CIMB has ‘hold’ recommendation on SPH with $3.36 target

SINGAPORE (June 15): CIMB is maintaining its “hold” recommendation on Singapore Press Holdings (SPH) with a target price of $3.36 after putting in the winning bid for the first Bidadari mixed development.

Chip Eng Seng subsidiary awarded $192 mil HDB contract for Bidadari building works

SINGAPORE (Aug 22): Chip Eng Seng Corporation today announced that its wholly-owned subsidiary, CES Engineering & Construction, has been awarded a $191.9 million contract by the Housing & Development Board (HDB).
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