Tuesday, January 18, 2011

SPH - Singapore Press Holdings rated 'hold' by DBS

Stock Name: SPH
Company Name: SINGAPORE PRESS HLDGS LTD
Research House: DBS Vickers

DBS Vickers Securities in a Jan 17 research report says: "Revenue and EBIT dropped respectively by 10% and 23% y-o-y to $318.7 million and $126.8 million respectively, on the absence of Sky@Eleven (Sky11) property development contribution, which was completed in May 2010. Else, revenue and EBIT would have increased by 12% and 11%, respectively.


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