Singapore Press Holdings (SPH)

[thleong]

From TA perspective, it is hitting lower lows and lower highs = Downtrend.
From FA perspective, the Newspaper circulations are down while population is up.
The EPS is coming down except one year where SKY Eleven contributions was strong.
Recognising that they are losing monopoly in the media and ads, they try to diversify
by buying Shreinvestor and so on.
But, the Board members average age > 60 years old. I have some doubts if they understand
what is next generation media.
Clementi Mall seems to do well. Plus Paragon and Senkang coming up. These might not
be enough to provide future growth.
The days where SPH is viewed as a value stocks providing stable passive income is Over.