$SINGAPORE PRESS HLDGS LTD(T39-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SINGAPORE PRESS HLDGS LTD(T39.SI)$

OBSERVATIONS

•SPH becomes a mostly Property co after removing Media biz

•Besides their stake in SPHREIT, they have assets in Nursing Homes, Student Hostels in UK & M1 stake

• For a quick projection using SPHREIT DPU trend as reference,

Assuming SPH 2H Div also increase to 3ct (Total 3+3ct),

Yield = 4% @ $1.50 (Current Yield 2.67% @ Div = 1+3 ct)

NAV (after removing Media biz) = $2.08 ie ~25% discount

COMMENTS

• Yield is NOT attractive vs REITs

• Good discount to NAV but likely the norm for Property Co

SGX Stocks Opportunities

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SPOT_ON
2021-05-24
SPOT_ON
BEING A PURE PROPERTY STOCK NOW SPH TRADING AT $1.80.... I THINK FRASER PROPERTY WHICH OWNS INTERNATIONAL PROPERTIES WORLDWIDE AND TRADING AT 0.3X BOOK VALUE NOW IS A MUCH BETTER BUY THAN SPH
- 木吉蒂:
  P/B fm Tiger for ref
木吉蒂
2021-05-07
木吉蒂
Not impossible as it was $1 < a year ago. I'm guessing unlikely in the short term unless market turn bearish [思考]
pet
2021-05-07
pet
Wait for $1 to enter
pet
2021-05-07
pet
lao sai

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M1 stake</p><p>&nbsp;• For a quick projection using&nbsp;SPHREIT DPU trend as reference,</p><p><br></p><p>Assuming SPH 2H Div also increase to 3ct (Total 3+3ct),</p><p>Yield = 4% @ $1.50 (Current Yield 2.67% @ Div = 1+3 ct)</p><p>NAV (after removing Media biz) = $2.08 ie ~25% discount</p><p><br></p><p>COMMENTS</p><p>&nbsp;• Yield is NOT attractive vs REITs</p><p>&nbsp;• Good discount to NAV but likely the norm for Property Co</p><p><br></p><p><br></p><p><img src=\"https://static.tigerbbs.com/9041d20292a884dc4b4551aea779a5ff\" tg-width=\"784\" tg-height=\"645\"></p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://laohu8.com/S/T39.SI\">$SINGAPORE PRESS HLDGS LTD(T39.SI)$</a></p><p>OBSERVATIONS</p><p>&nbsp;•SPH becomes a mostly Property co after removing Media biz</p><p>&nbsp;•Besides&nbsp;their stake in SPHREIT, they have assets in Nursing Homes, Student Hostels in UK &amp; M1 stake</p><p>&nbsp;• For a quick projection using&nbsp;SPHREIT DPU trend as reference,</p><p><br></p><p>Assuming SPH 2H Div also increase to 3ct (Total 3+3ct),</p><p>Yield = 4% @ $1.50 (Current Yield 2.67% @ Div = 1+3 ct)</p><p>NAV (after removing Media biz) = $2.08 ie ~25% discount</p><p><br></p><p>COMMENTS</p><p>&nbsp;• Yield is NOT attractive vs REITs</p><p>&nbsp;• Good discount to NAV but likely the norm for Property Co</p><p><br></p><p><br></p><p><img src=\"https://static.tigerbbs.com/9041d20292a884dc4b4551aea779a5ff\" tg-width=\"784\" tg-height=\"645\"></p></body></html>","text":"$SINGAPORE PRESS HLDGS LTD(T39.SI)$ OBSERVATIONS •SPH becomes a mostly Property co after removing Media biz •Besides their stake in SPHREIT, they have assets in Nursing Homes, Student Hostels in UK & M1 stake • For a quick projection using SPHREIT DPU trend as reference, Assuming SPH 2H Div also increase to 3ct (Total 3+3ct), Yield = 4% @ $1.50 (Current Yield 2.67% @ Div = 1+3 ct) NAV (after removing Media biz) = $2.08 ie ~25% discount COMMENTS • Yield is NOT attractive vs REITs • Good discount to NAV but likely the norm for Property Co","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/104140362","repostId":0,"isVote":1,"tweetType":1,"viewCount":1141,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["T39.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":446,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4426578,"commentId":"4426578","gmtCreate":1621819318898,"gmtModify":1680790545514,"authorId":3582922989777578,"author":{"id":3582922989777578,"idStr":"3582922989777578","authorId":3582922989777578,"name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"80.51%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.11","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":104140362,"objectIdStr":"104140362","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"BEING A PURE PROPERTY STOCK NOW SPH TRADING AT $1.80.... 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