Stock Name: SPH
Company Name: SINGAPORE PRESS HLDGS LTD
DBS Vickers Securities in an Apr 16 research report says: "Net profit grew by 12% y-o-y to $84.1 million, aided largely by stronger rental property income and a tax write-back of $1.2 million. Interim DPS of 7 cents was declared, as expected. Book closure will be on May 9, with payment on 23 May. "Total revenue growth was subdued at 4% y-o-y to $298.5 million. By segments, newspaper and magazines registered flat revenue growth ($234.5 million, +0.1%) while property rental revenue increased strongly by 22% to $48 million. "We see share price trading within a narrow range on the back of an uncertain global economic environment, with support from its attractive 6.2% yield. Target price of $4.01, total return 9%. MAINTAIN HOLD."
Company Name: SINGAPORE PRESS HLDGS LTD
| Research House: DBS Vickers | Price Call: HOLD | Target Price: 4.01 |
DBS Vickers Securities in an Apr 16 research report says: "Net profit grew by 12% y-o-y to $84.1 million, aided largely by stronger rental property income and a tax write-back of $1.2 million. Interim DPS of 7 cents was declared, as expected. Book closure will be on May 9, with payment on 23 May. "Total revenue growth was subdued at 4% y-o-y to $298.5 million. By segments, newspaper and magazines registered flat revenue growth ($234.5 million, +0.1%) while property rental revenue increased strongly by 22% to $48 million. "We see share price trading within a narrow range on the back of an uncertain global economic environment, with support from its attractive 6.2% yield. Target price of $4.01, total return 9%. MAINTAIN HOLD."
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