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(06-09-2019, 01:27 PM)pencilin Wrote: [ -> ]In short, I think G has a hard time to explain the 1000 episode Taiwanese drama situation.
NOL was a forced move, I feel.

Is Malacca port development still in progress?

Is HST FROM Singapore to KL still intact?

Maybe another 10 to 30  years time.

Who can tell?
(06-09-2019, 01:56 PM)Temperament Wrote: [ -> ]
(06-09-2019, 01:27 PM)pencilin Wrote: [ -> ]In short, I think G has a hard time to explain the 1000 episode Taiwanese drama situation.
NOL was a forced move, I feel.

Is Malacca port development still in progress?

Is HST FROM Singapore to KL still intact?

Maybe another 10 to 30  years time.

Who can tell?

Is Malacca port development still in progress?
Progress
https://www.youtube.com/watch?v=0Z2d6qboVzo

Master plan
https://www.youtube.com/watch?v=gNvgQOmFB8A


Is HST FROM Singapore to KL still intact?
It's temporary put on hold.


Maybe another 10 to 30  years time.
Who can tell?

This guy tell you it's 10 years

https://www.asiaone.com/singapore/china-...-singapore
(06-09-2019, 03:36 PM)pencilin Wrote: [ -> ]
(06-09-2019, 01:56 PM)Temperament Wrote: [ -> ]
(06-09-2019, 01:27 PM)pencilin Wrote: [ -> ]In short, I think G has a hard time to explain the 1000 episode Taiwanese drama situation.
NOL was a forced move, I feel.

Is Malacca port development still in progress?

Is HST FROM Singapore to KL still intact?

Maybe another 10 to 30  years time.

Who can tell?

Is Malacca port development still in progress?
Progress
https://www.youtube.com/watch?v=0Z2d6qboVzo

Master plan
https://www.youtube.com/watch?v=gNvgQOmFB8A


Is HST FROM Singapore to KL still intact?
It's temporary put on hold.


Maybe another 10 to 30  years time.
Who can tell?

This guy tell you it's 10 years

https://www.asiaone.com/singapore/china-...-singapore

So Tuas Mega port in 2021 can rival Malacca port by the Chinese or not if Malaysia really agrees to the Chinese terms?

Unless another Najib appears, I think it is almost impossible in another 10 to 30 years.
SPH Posts Net Profit of $213.2 Million for FY2019, Driven by Higher Income from Property
* Proposed Final Dividend of 6.5 cents per share (Normal Dividend of 5.5 cents per share + Special Dividend of 1 cent per share). 
* Total Dividend is 12 cents per share including Interim Dividend of 5.5 cents.

Singapore Press Holdings Limited (SPH) today reported its results for the year ended 31 August 2019 (FY19). Net profit of $213.2 million was 23.4% or $65.2 million lower compared with a year ago, largely due to the absence of the one-off gain from the divestment of the Treasury & Investment portfolio.

Overall, operating revenue remained stable, easing by 2.4% or $23.3 million to $959.3 million with the improved Property revenue mitigating Media’s decline.

Despite the increased scale of operations during the year from property acquisitions in UK and Australia and the expansion of capabilities in the Media and Property segments, costs were well-controlled. As a result, operating profit was 12.2% or $26 million lower at $186.9 million.

SPH today closed at 2.13 (-0.030), down 1.39%.

See also :
1. https://links.sgx.com/FileOpen/SPH%20SGX...eID=582149
2. https://links.sgx.com/FileOpen/SPH%20Pre...eID=582150
3. https://links.sgx.com/FileOpen/SPH%20Res...eID=582151
From the results presentation deck pg18, "Woodleigh Residences still selling; 20% sold as at 31 Aug, maintains average price around S$1,900 psf"
I think with more planned condo launches in the pipeline and growing economic uncertainity, it may get harder for SPH to sell its remaining condos.

http://www.mysgprop.com/2019-complete-li...singapore/
Note : Woodleigh Residences is in D13.
https://www.straitstimes.com/business/pr...roach-poll

The job cut seems to be targetted at the "support" staff (below) .....

---------------Other news -------------------------------------
SPH to shed 130 jobs to rein in costs
Published 11 hours ago

Singapore Press Holdings (SPH) will be trimming its workforce by about 130 employees as it continues to streamline operations amid the digital transformation of its core media business.

Those affected are from the group's media solutions division (MSD), magazines and smaller subsidiaries. They include non-contract renewals and retirements as well as 71 employees who will be retrenched. SPH newsrooms were not affected by the cut......

https://www.straitstimes.com/business/co...n-in-costs
Rec'd a SPH marketing email today offering ST digital package for $0.99 per mth for first 3 months with no contract. I think previously, it was a 2 year contract or something like that.
bear bear not biting, will consider $0.99 per mth during GE month to read fascinating articles !   Tongue
SPH Doubles Student Accommodation Portfolio to S$1.5 Billion with Latest  £448 Million Acquisition in the UK
* Acquisition of 2,383 beds, bringing SPH’s total portfolio to 7,726 beds across 18 cities in UK and Germany
* Acquiring a premium brand to enhance existing portfolio
* Strengthening operational capabilities with established operating platform
* Boosting SPH’s recurring income through defensive, cash yielding assets

More details in :
1. https://links.sgx.com/FileOpen/SPH%20Ann...eID=591339
2. https://links.sgx.com/FileOpen/SPH%20Pre...eID=591340
3. https://links.sgx.com/FileOpen/SPH%20Acq...eID=591341
Canada Expands Aged Care Business with Acquisition of S$245 Million Canadian Portfolio
* Signs agreement to acquire six freehold properties in Canada that provide independent and assisted living accommodation and servicesto seniors
* Gains entry to the North American market where there is rising demand
* In line with strategy to acquire cash-yielding assets in defensive sectors to grow recurring income

Singapore Press Holdings Limited (“SPH”) today announced that it has entered through a wholly-owned subsidiary, into an agreement with affiliates of Columbia Pacific Advisors, LLC to acquire a portfolio of aged care assets in Canada for Can$232.9 million (S$244.5 million1). The deal is subject to satisfactory due diligence.

The portfolio of six freehold assets comprises five properties in Ontario and one in Saskatchewan. In total, there are 717 suites with an average age of around 7 years. Occupancy rates in excess of 90% have been consistently achieved over the past three years. The assets are currently being managed by Hawthorn Senior Living.

Earlier this week, SPH announced the acquisition of five high quality senior independent living assets in Japan. These acquisitions are in line with the Group’s strategy of expanding its aged care and healthcare business in overseas markets with favourable demographics.

More details in :
1. https://links.sgx.com/FileOpen/SPH%20Ann...eID=597791
2. https://links.sgx.com/FileOpen/SPH%20Med...eID=597792
Whenever i go take a look at SPH's financial statements, i just find it difficult to say something positive.

https://links.sgx.com/1.0.0/corporate-an...2Q2020.pdf

Compared to one year ago, it has added more debt more perpetual securities to fund its investment properties yet its profit before tax before fair value gains have stayed more or less stagnant. Maybe there's an intention to create a new reit for these investment properties but i dont think it is quite possible in this investment climate.

Just looks like a terrible investment even at today's price of 1.57. Poor earnings. High leverage

Valuation of investment properties is subject to significant estimation uncertainty. The
outbreak of the Novel Coronavirus (“COVID-19”) has negatively affected the retail and
student accommodation sector in countries where the Group’s investment properties are
located. Given that the potential impact of COVID-19 is constantly evolving, significant
market uncertainty exists. Therefore, the carrying amount of the investment properties
assessed by the Group was current as at 29 February 2020 only. This carrying amount
assessed may change significantly after the balance sheet date.

If the carrying amount drops, the high leverage will make the balance sheet look less healthy. Will shareholders end up following SIA's footsteps of rights? Perhaps, management will suggest that the rights are meant for them to buy more investment properties. Rarely will they tell you that the balance sheet is not healthy. Healthy or unhealthy is always subjective. Prospective investors should take this into consideration
3 May 2020 Blu Inc Holdings Malaysia - SPH's magazine subsidiary ceased operation.
Declining revenue for last few years.
With C19, SPH decided to ceased operation since 30 Apr 2020.
(click to read)