Monday, November 13, 2017

SPH STOCK: WILL YOU CONTINUE TO INVEST IN THIS STOCK?

SPH stock
Dear readers, SPH stock is currently trading at $2.70 per share, a discount of the price which the stock used to trade before. SPH had just welcome its new chief, Mr Ng Yat Chung who was the former CEO of Neptune Oriental Lines (“NOL”) Ltd. Mr Ng, a SAF scholar was also (in chronological order before taking the helms of NOL) a former Chief-of-Army, a former Chief-of-Defence and a former Senior Managing Director of Temasek Holdings.
As SPH focuses on improving its bottomline, there had been a number of corporate moves made by the company which includes some form of restructuring of functions. Amidst these rounds of restructuring, some staff had been laid off. I believe these are one of the ways which SPH is looking at to reduce some cost.

On the other hand, the move to diversify away from its traditional business of newspapers and magazines against the threat of the online and digital publication is clearly in place. SPH has embarked on investment in properties and I think now the company now has its sights on the education sector. For example, SPH has invested a stake in Tien Hsieh, a Chinese language education centre business chain. SPH is also increasing its stake in the soon-to-be listed MindChamps group. I believe SPH is slowly and steadily transforming itself in the face of disruptions posed by the digital web.

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