Elevator Pitch
Singapore-listed media and property conglomerate Singapore Press Holdings Limited (OTCPK:SGPRF) (OTCPK:SGPRY) [SPH:SP], or SPH, currently trades at 19.1 times consensus forward FY2020 P/E (YE August) and offers a consensus forward FY2020 dividend yield of 5.3%.
This is an update of my initiation article published on SPH on September 24, 2019. SPH's share price has increased marginally by +2% from S$2.08 as of September 23, 2019 to S$2.12 as of January 15, 2020. I maintain a "Neutral" rating on SPH. On one hand, I am positive on SPH's growing property