SPH shares gigantic crashing..

[SalahParking]

advertising virtually zero, circulation down, readership non existent, malls empty, kids homebound, old people dying..

 

[tanwahtiu]

NWO... PAP going to break up global internet and game over, then SPH take over... buy their shares now...

 

[laksaboy]

Poor Samsung, dragged down by a 猪队友. The Galaxy S20 phones are already not selling well at all.

 

[Pinkieslut]

What will the low ranked pressitudes do?

 

[laksaboy]

What will the low ranked pressitudes do?

Walk the streets of Geylang, become hawkers or baristas.

 

[Valium]

Ng Yat Chung that pig can join PAP.

 

[Gallego99]

Geez TS, you call 6.63% a crash? Hold that bubbly.

 

[SalahParking]

what happened to classified ads or CATs.....

 

[poore]

nowadays the papers not much good content to read

 

[Thick Face Black Heart]

Sph will eventually be delisted.

They are a failed enterprise

 

[garlic]

Dear shareholders, due to Covid-19 fault, the share price will be facing extreme headwinds in the near-term, but our pui pui CEO Ng will help us weather this tough period. God bless and good luck...

 

[batman1]

WITH Fatty General Ng Yat Chung in charge,all businesses will go belly-up. Pride of PAP !

 

[quidnunc]

Don't forget they recently invested in a number of old aged homes in Japan and student dormitories in the UK. These hefty investments are bound to be impacted by the crisis like most hospitality businesses. Interestingly, the person championing this investment is not NYC but his deputy, Anthony Tan, an ex civil servant, who was parachuted into SPH about 5 years ago. Formerly from MOH, he moved the idea for the company to go into new business in old aged homes. Problem is he has no former business experience. The jury is out whether the company has made the right move.

Meanwhile, he has also been put in charge of the media business, which is floundering. Revenue has been declining sharply year on year under his charge. No new ideas have been forthcoming from him, other than the superficial samsung tablet subscription. The revenue earned from selling the tablet and news subscription is minuscule compared to the advertising revenue losses. The amount earmed is so insignificant that it is like a "rounding error" on a balance sheet.

 

[Narong Wongwan]

Too bad no short selling in sg.

 

[myfoot123]

It is only logical to dump their shares. The horse is already dead and now infected with virus, NYC will have to hara Kiri.

 

[quidnunc]

https://www.businesstimes.com.sg/co...da-aged-care-assets-on-covid-19-instabilities

Cold feet. Wonder how much SPH had spent in legal and M&A consultancy fees in pursuing this abortive purchase.

 

[SalahParking]

old folks home is where covid has the greatest infection rate.

 

[SalahParking]

media company going into unrelated businesses , what were they thinking..

 

[quidnunc]

media company going into unrelated businesses , what were they thinking..

Act of desperation. They probably thought old ages homes will deliver what retail property investment had done for the company. Their logic: many societies have ageing population. Not wrong. But didn't factor not all property investments are alike in terms of returns and operational demands, especially additional financial and social costs required in compliance with rules and laws of foreign lands.

 

[poore]

if patients die of Wuhan virus maybe huge liabilities