|Bid||1.65 x 800000|
|Ask||1.69 x 800000|
|Day's Range||1.66 - 1.66|
|52 Week Range||1.58 - 2.37|
|PE Ratio (TTM)||9.71|
|Forward Dividend & Yield||0.11 (4.37%)|
|1y Target Est||N/A|
It intended to cut its staff costs by 10% to improve earnings. For its 1Q2018 results, Singapore Press Holdings (SPH) saw its staff costs fall 5% YoY as it achieved its headcount reduction target. Singapore ...
For the first quarter of 2018, Singapore Press Holdings' (SPH) revenue for its media segment continued to fall 13.9% YoY, led by a decline in display, classifieds, magazines and circulation. Display ads’ revenue rose 4.2% QoQ, thanks to a broader economic recovery in Singapore and spillover effect from improved sentiment.
It intends to reduce its staff count by 10% next year. Despite higher profits, Singapore Press Holdings (SPH) announced on its results day that it intends to reduce its staff count by 10% in the coming year. According to DBS Equity Research, the last time SPH announced a staff cut was in October 2016 when it intended to reduce up to 10% of its workforce over two years through attrition, retirement, non-renewal of contracts, outplacement, and retrenchment.
Singapore Press Holdings' (SPH) net profit in Q4 grew 32% YoY to $101.80m. This capped its headline profit of $350.09m for the year. SPH's profits grew thanks to the $150m gain it made from selling its 33.3% stake in 701Search and a $57m fair value change on Clementi Mall and Paragon, CIMB said.
Singapore Press Holdings Ltd., which started a review of its media business last year, is considering job cuts amid a reorganization, according to people familiar with the matter.
Singapore’s leading newspaper publisher had a market capitalization that was larger than that of the New York Times Co. -- until this month.
A coal producer based in China’s Shanxi province and China Broadband Capital are among bidders for $1.4 billion Singapore wireless carrier M1 Ltd., according to people with knowledge of the matter.