Nikkei: “Mighty” SPH’s star fading as advertisers and subscribers moved online

[micromachine]

Nikkei Asian Review reported on Wed that the once “mighty” Singapore Press Holdings (SPH) continues to lose advertisers and investors and has now got most of its earnings from property (‘Singapore Press Holdings loses advertisers and investors’, 10 Apr).


“Once a sought-after stock due to its substantial dividend, SPH has seen its star fade as advertisers and subscribers moved online and away from traditional newspapers and magazines,” Nikkei wrote.

On Tues (9 Apr), SPH reported that its net profit for the quarter ended February plunged 25.7% to S$29.7 million, dragged by lower media revenue and fair value losses on investment properties. The result was well below the S$52.95 million consensus estimate of market analysts.


SPH said that the 10.1% decline in media revenue to S$296.2 million in the six months to February was partly due to the shorter festive advertising window between Christmas and Chinese New Year. This year’s festivities began on Feb. 5, while in 2018 they started on Feb. 16.


The interim dividend was also cut. Between 2014 and the latest financial year ended last August, its annual dividend has fallen 38%.


It’s share price has been falling non-stop from more than $4 during 2015 GE days to yesterday’s (11 Apr) closing of S$2.44

More at Nikkei: “Mighty” SPH’s star fading as advertisers and subscribers moved online

 

[Rogue Trader]

I noticed last month that some ST/CNA articles were written by Indian reporters in India

And I laughed because those idiots wrote so much pro FT propaganda over the years. now their own rice bowls have been wrecked

Karma's a cruel mistress

 

[krafty]

assange's arrest shall be a warning to them not to stir too much shit especially the journalists at mediacock, so ugly yet so bitchy.

 

[red amoeba]

Sph is big into publishing and properties no ? We should trust our version of Kim Jung IL to show us the revolutionary path. I am doubling down on their shares.

 

[laksaboy]

SONG BOH?

By the way, this link/site has been blocked by the MDA... because 'fake news'.

State media SPH saw 25% dip in quarterly profit (April 11, 2018)

 

[Cottonmouth]

Under the fat cunt Kim. This is expected.

 

[winnipegjets]

Sph is big into publishing and properties no ? We should trust our version of Kim Jung IL to show us the revolutionary path. I am doubling down on their shares.

With SPH, sure win one. The PAP will not let it die. So, I am all in SPH. Better bet than HDB flat.

 

[laksaboy]

Sph is big into publishing and properties no ? We should trust our version of Kim Jung IL to show us the revolutionary path. I am doubling down on their shares.

SPH owns a couple of shitty suburb malls, hard to compete with Capitaland malls, Frasers malls, Lendlease malls... even vintage malls e.g. Tanjong Katong Complex and Beauty World Centre. Even Ascendas has better malls.

 

[KuanTi01]

Waiting patiently for it to be wound up! Who still reads SPH nowadays?

 

[red amoeba]

Waiting patiently for it to be wound up! Who still reads SPH nowadays?

Still good for my Labrador to poo on. He is attracted by the Color prints. I thought canines are Color blind ?

 

[LordElrond]

SPH owns a couple of shitty suburb malls, hard to compete with Capitaland malls, Frasers malls, Lendlease malls... even vintage malls e.g. Tanjong Katong Complex and Beauty World Centre. Even Ascendas has better malls.

I thought they own Paragon. But this $0.99 cents company is a goner for sure.

 

[zeebjii]

With SPH, sure win one. The PAP will not let it die. So, I am all in SPH. Better bet than HDB flat.

Wise! Add sembcorp, comfortdelgro, singtel! Essential services... (rubbish collection/transport/ telecom)

 

[LordElrond]

Wise! Add sembcorp, comfortdelgro, singtel! Essential services... (rubbish collection/transport/ telecom)

Didn’t they say the same about Hyflucks?

 

[zeebjii]

I thought they own Paragon. But this $0.99 cents company is a goner for sure.

No way it's a goner. 100% ONE HUNDRED PERCENT of PAP non-tv propaganda news comes form SPH. PAP will protect it at all cost!

 

[zeebjii]

Didn’t they say the same about Hyflucks?

hyflux? what is that? you don't compare hariss harun with lionel messi!

 

[mojito]

SONG BOH?

By the way, this link/site has been blocked by the MDA... because 'fake news'.

State media SPH saw 25% dip in quarterly profit (April 11, 2018)

He is Ho's turnaround expert.

 

[mojito]

With SPH, sure win one. The PAP will not let it die. So, I am all in SPH. Better bet than HDB flat.

Yalor yalor! This backed by Singapore gobbermen one where got fail you tell me?

 

[borom]

It will survive because its an essential service-to the PAP!
You need to have a change of govt to remove SPH-just like PA and NTUC.
The first job of any new govt is to remove/neutralise SPH, PA, and NTUC and replace them with more neutral professional corporations/stat board/interest group

 

[laksaboy]

It will survive because its an essential service-to the PAP!
You need to have a change of govt to remove SPH-just like PA and NTUC.
The first job of any new govt is to remove/neutralise SPH, PA, and NTUC and replace them with more neutral professional corporations/stat board/interest group

Indeed, but if it is a colossal money sinkhole, expect the pappies to increase taxation in various forms to prop it up.

 

[attaphouse]

embarrassing media. still desperately begging for people to subscribe for 99 cents per month.