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SPH to undergo strategic review of business after non-media segment boosts 1H21 results - THE EDGE SINGAPORE

Results

SPH to undergo strategic review of business after non-media segment boosts 1H21 results

The company posted a 26.1% y-o-y growth in earnings to $97.9 mil for the 1HFY2021.

SPH sells back stakes in Mediacorp entities for $18 mil; to cease print edition of TODAY

SINGAPORE (Aug 25): Singapore Press Holdings (SPH) is selling its 20% stake in Mediacorp TV Holdings and 40% stake in Mediacorp Press back to Mediacorp, for a sum of $18 million.

Global Economy

Buffett's newspaper group slashes 289 jobs

NEW YORK (April 4): Warren Buffett’s Berkshire Hathaway Inc. eliminated 289 jobs at its newspapers amid a decline in print readership and advertising revenue.

Broker's Calls

Don’t shrug off the significance of SPH’s falling newspaper readership

SINGAPORE (Oct 7): UBS Global Research is warning that investors are not seeing the reality of Singapore Press Holdings’ business when buying the publisher based on its yields.

Broker's Calls

Threat of dividend cut looms over SPH investors

SINGAPORE (July 18): UOB Kay Hian is maintaining its “hold” call on Singapore Press Holdings (SPH) with a lower target price of $3.80 from its previous price target of $3.90. It also projects a sharp dividend cut of about 15-20% this year.
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