Singapore Press Holdings Limited *Official* (SGX: T39)

starship888

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The rise in profits is purely a one-time cosmetic gain due to asset sale and revaluation which accounted for a whopping $207.1m.
Without these one-time gains, the profits from businesses this FY17 is a huge drop from FY16.
 

Dividends Warrior

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The current dividend payout is not even close to being sustainable.

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V_for_Vanilla

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The staff cuts were already planned by his predecessor. He merely accelerates the implementation, which I applaud.
 

madtari

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Sph is paying millions in their retrenchment exercise leh... wouldn't that increase the expenditure in the near term? :s11: although in e long run it helps due to lower recurring expenses.

He will cut as much ppl as possible to cover the drop in revenue plus show some profit next year. After that sell it away.
 

Kinetic88

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SPH CEO starts retrenching .

IMHO he should be the 1st to be retrenched.

he goes to NOL, NOL toh, he goes to SPH, SPH revenue dropped and need to retrench ppl to pop up the profit so he can had his yr end bonus gao gao.

all in all, he cmi.

ppl in NOL don't had a good word about this guy, he ish very unfriendly and don't even acknowledge ppl when wish him in the lift. :(
 

Wood41

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Tiagong he sold NOL at the bottom of the market & profit is rising.
NOL buyers shout huat 3x !
 

Kinetic88

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Tiagong he sold NOL at the bottom of the market & profit is rising.
NOL buyers shout huat 3x !

ppl can make the company from losing money to making millions $$$ profit after buying over. it ish an endorsement of how poor his business sense.
 

antonpoh

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Sph is paying millions in their retrenchment exercise leh... wouldn't that increase the expenditure in the near term? :s11: although in e long run it helps due to lower recurring expenses.

That's why he sold 20% stakes of Mediacorp for $18 mil first.

SPH to divest Mediacorp stakes for $18m

Many dumb boss who don't know how to run a company will choose the easy way out. It's harder to create a new business to replace this existing one.
 

Wood41

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Retrench & compensate is better than redundant staff x years.
长痛不如短痛 。
 

Weaboo

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Can Sph even be sold to outside entities? Tot is propaganda arm of singspore
 

light84

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All shareholders better run road sia.

The new CEO is jiak liao bee one, going to jiak all the bee in SPH. He jiak finish at NOL, now come SPH jiak.

No new business idea or innovation to strategize company except retrenchment.
 
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