Friday, October 11, 2013

My thoughts on SPH results

First, I expect dividend payout for full year excluding 1-off special dividend of 18 cents to be 21 cents at least.

They gave 15 cents with an intern dividend of 7 cents, so that was 22 cents. Satisfied with that.

What was disappointing was my hypothesis about a a better Q4 results due to a corresponding better Q2 GDP results do not hold.


The only resilient segment in advertising is only others.

However, I like that the fall in advertisement revenue fall is slowing.



1 comment:

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