$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

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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":1149,"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":"80.85%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"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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