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Is Starhub a better buy than this? Seem to be holding strong.
IMHO 2 reasons:
1. The drop in profits is not unique and is a macro issue. In fact, looking into what the company is doing, I would think they are positioning themselves well for recovery.
2. There is strong support at 1.25 and frankly, the counter has been battered down quite a fair bit that' s not because the business is suddenly not viable, but because of technical issues i.e. MSCI, STI component.
Anyway, for every sell, there is a buy... point is who is absorbing these shares and why are they still buying.
1. The drop in profits is not unique and is a macro issue. In fact, looking into what the company is doing, I would think they are positioning themselves well for recovery.
2. There is strong support at 1.25 and frankly, the counter has been battered down quite a fair bit that' s not because the business is suddenly not viable, but because of technical issues i.e. MSCI, STI component.
Anyway, for every sell, there is a buy... point is who is absorbing these shares and why are they still buying.
rocketman ( Date: 14-Jul-2020 11:43) Posted:
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Any Idea why this is not turning red at this point?
Waiting is Free, relax and wait at sideline for better lower entry price in the future i guess. No harm waiting..
Starhub share price holding strong. Higher Dividend payout.
SPH expects ' significantly lower' operating profit for FY20
MEDIA and property group Singapore Press Holdings (SPH) said in a corporate presentation on Monday that its operating profit for FY20 ending Aug 31 is expected to be " significantly lower" than the S$187 million recorded in the year-ago period on the back of the ongoing pandemic.
Against such a backdrop, it is also expecting a negative outcome for the revaluation of its investment properties as at Aug 31, 2020.
This comes as operating performance across the conglomerate' s various business segments has been hit by the virus outbreak.
However, SPH, which publishes The Business Times, said that its " resilient" balance sheet and cash balances of S$810 million will " ensure sufficient liquidity across all business segments" . It added that it has no term loans due till June 2021.
Across its business segments, the media business was hurt the most due to decline in print advertisements. While circulation was up, it would only partially offset the fall in print advertisements, said SPH. It added that the severe Covid-19 impact on advertising revenue, which accounts for most of media' s revenue, is expected to persist.
Total print advertisement revenue fell 51 per cent y-o-y in the third quarter of FY20. Digital advertisement revenue also registered a decline of 3.7 per cent y-o-y for 9M FY2020 as a result of the circuit-breaker measures and weaker economic sentiment.
Circulation, on the other hand, rose despite loss of sales to airlines and hotels. Overall circulation edged up 9.5 per cent with digital circulation levels closing the gap on print circulation. This is in part due to the News Tablet campaign - an e-paper subscription plan which comes with an app pre-installed on a Samsung tablet. This drove total digital revenue higher by 8.5 per cent in 9M FY20 than a year ago.
On the retail front, SPH' s malls in Australia and Singapore recorded some improvement in footfall with the easing of lockdown measures, but it has yet to return to pre-pandemic levels. The group also faces lower rental income after schemes rolled out to help tenants cushion the impact of Covid-19.
Its portfolio of Purpose-Built Student Accommodation (PBSA) in the United Kingdom and Germany has been affected by rental rebates due to university closures and student departures. While there was a total reduction in revenue from rental refunds of £ 4.6 million (S$8.06 million) as at June 24, it fell within the lower range of the expected £ 4 to 8 million rental refunds, said SPH.
Out of the total refunds, 52 per cent will be refunded in cash the remainder will be refunded in credits for academic year (AY) 20/21 or waived from outstanding payments. Meanwhile, universities in cities in which SPH has PBSA assets have confirmed opening with minimal or no delay. This has contributed to improvements in PBSA bookings in June. SPH thus achieved 75 per cent of target revenue for AY20/21 as at July 10, up from 69 per cent on May 19.
SPH also reported " stable" operating performance for its age-care business, Orange Valley, with improved bed occupancy ratio. It also noted that the four Covid-19 cases at Orange Valley have since been discharged and the staff at the home have tested negative. Its aged-care business in Japan has not been affected and it is on track to complete the acquisition of two assets in Hokkaido and Japan. This is part of the company' s strategy to invest in " cash-yielding, defensive asset classes to generate recurring income" .
On the other hand, as part of a consortium led by Perennial Real Estate, SPH has divested a 5.29 per cent stake in AXA Tower to Chinese e-commerce giant Alibaba Group' s Singapore subsidiary for S$33.2 million. Its original investment was S$19.3 million. SPH said that the move is part of disciplined capital management and capital recycling strategy.
Separately, it has entered a joint venture with Keppel Corporation to develop and operate data-centre facilities at SPH' s Genting Lane property.
sph has 800m cash on hold, and so many prlperties, a vrry rich old man, not handsome but rich
Will it hit $1.10 .....
josemmm123 ( Date: 14-Jul-2020 08:13) Posted:
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The coming quarter results will be from Apr-June right? Apr-June is the worst... the results will be very ugly.. just like our Q2 GDP.. contracted 12+%.. worse than expected
cnbc.com/2020/07/14/singapores-q2-advanced-gdp-estimates-economy-contracts-12point6percent-year-over-year.html
cnbc.com/2020/07/14/singapores-q2-advanced-gdp-estimates-economy-contracts-12point6percent-year-over-year.html
investshare ( Date: 14-Jul-2020 08:08) Posted:
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Covid whack the last quarter so bad, so this quarter will be first in many years that see improvement?
Shorties best dream i guess..
Everyday continue to bleed 6 hundreds. Feel like jump vessels soon. Sinking ship.
profit lower, still earning. not like sats negative profit. once covid over sph rental income can catch up...same dream as sats
Octavia ( Date: 13-Jul-2020 20:01) Posted:
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My post on 10 July has alluded to the on-going problems SPH is and will continue to be facing in future. Advertisement revenue from its print and digital media is on a downward trajectory. SPH top line is not dictated by how many hard copy print or digital print it can sell, it is the value of the advertisements it can squeeze in its best placed position that will bring in the dollars. Even the obituaries are getting lesser. The only bright side it is cash holdings, which they have build up over the last decades when they are selling their fat Straits Times to the masses. My word of advice to SPH management is to practise due diligence in investing it hard earned cash cow, or else SPH will be akin to SingPost, throwing mountain of cash in investments that they eventually write-off.
Cheers
Cheers
weekaykee ( Date: 13-Jul-2020 10:35) Posted:
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MEDIA and property group Singapore Press Holdings (SPH) said in a corporate presentation on Monday that its operating profit for FY20 ending Aug 31 is expected to be " significantly lower" than the S$187 million recorded in the year-ago period on the back of the ongoing pandemic.
Against...
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MIA of course..
josemmm123 ( Date: 13-Jul-2020 17:54) Posted:
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wondee where are all the cheerleaders who say it will chiong to $2
The Daily Fall continue.. Relax and stay sideline and observe ...
Nobody knows. Only the Future knows..
investshare ( Date: 13-Jul-2020 09:25) Posted:
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It should be obvious to anyone doing some basic research into SPH that its media business is no longer its mainstay. Bulk of its profits are property related. If it changes its name to SPH Land Ltd, it will cause much less confusion to the zombies who still believe media remains its core.
It is hanging on to media just to appease PAP. Doing " national service" .
It is hanging on to media just to appease PAP. Doing " national service" .
Due_Dilligence ( Date: 10-Jul-2020 10:48) Posted:
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