ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Consumer Services

Singapore Press Holdings Ltd.

Company Background

Singapore Press Holdings is the country's largest and most influential newspaper and publishing company. SPH was formed in 1984 through a merger of local newspaper and publishing companies. It publishes nine daily newspapers, ranging from general broadsheet and business daily to evening tabloid and free paper, covering all four of the country's official languages. Although print circulation, including The Straits Times, has been declining, the company has focused on developing online versions of its major papers, and the number of paid subscribers for its online news services is growing. Another pillar of its business is property development. SPH Reit, real estate investment trust with shopping malls under its umbrella, was listed in Singapore in July 2013.

SPH is regulated by the Newspaper and Printing Presses Act. In Singapore, shareholdings of larger than 5% are not allowed without a minister's approval, and none of the company's large shareholders hold more than 2% stakes. Special shares called "management shares," which give holders 200 times more voting power than ordinary shares on the appointment and dismissal of directors or any members of staff, are owned mainly by major Singaporean banks, insurance companies and universities. The Singaporean government has strong ties to SPH's management. Current Chairman Lee Boon Yang held many ministerial posts, and CEO Alan Chan is a former high-ranking civil servant.

Business Summary

Singapore Press Holdings Ltd. engages in the publishing, printing, and distributing of newspapers, magazines, and books. It also provides multimedia content and services, and management services to its subsidiaries. It operates through the following segments: Media, Property, Treasury and Investment, and Others. The Media segment involves the production of content for distribution on print and other media platforms. The Property segment holds, manages, and develops properties of the Group. The Treasury and Investment segment manages the investment activities of the Group. The Other segment includes the group's businesses and investments in online classifieds, events and exhibitions, and the new media fund. The company was founded on August 4, 1984 and is headquartered in Singapore.

Financial Highlights

Aug 2019 SGDUSD
Revenue959.25M701.99M
Gross Profit455.64M333.44M
Operating income257.75M188.63M
Income before tax298.28M218.28M
Net income211.52M154.79M
EBITDA293.20M214.56M
Diluted EPS0.130.09
Dividends Per Share0.120.08
Total Assets7,107.39M5,123.55M
Total liabilities2,550.75M1,838.77M
Total equity3,488.45M2,514.74M
Operating cash flow283.81M207.69M
Currency in SGDCurrency in USD

Historical Data

 Aug 2015Aug 2016Aug 2017Aug 2018Aug 2019
Revenue 1,177.08M 1,124.34M 1,032.51M 982.55M 959.25M
Gross Profit 568.71M 540.35M 470.07M 451.67M 455.64M
Operating income 369.36M 334.76M 304.97M 283.25M 257.75M
Income before tax 441.46M 368.74M 431.49M 368.89M 298.28M
Net income 321.70M 265.29M 350.08M 278.38M 211.52M
EBITDA 429.98M 390.57M 353.79M 319.59M 293.20M
Diluted EPS 0.20 0.16 0.22 0.17 0.13
Dividends Per Share 0.20 0.18 0.15 0.13 0.12
Total Assets 6,074.07M 5,948.03M 6,110.62M 6,154.20M 7,107.39M
Total liabilities 1,727.42M 1,706.62M 1,887.30M 1,962.77M 2,550.75M
Total equity 3,618.81M 3,517.32M 3,488.39M 3,430.27M 3,488.45M
Operating cash flow 424.21M 353.84M 305.66M 259.82M 283.81M
 Aug 2015Aug 2016Aug 2017Aug 2018Aug 2019
Revenue 882.54M 811.90M 740.06M 731.94M 701.99M
Gross Profit 426.41M 390.19M 336.93M 336.47M 333.44M
Operating income 276.93M 241.73M 218.59M 211.00M 188.63M
Income before tax 330.99M 266.27M 309.27M 274.80M 218.28M
Net income 241.20M 191.57M 250.92M 207.37M 154.79M
EBITDA 322.39M 282.03M 253.58M 238.07M 214.56M
Diluted EPS 0.15 0.11 0.15 0.12 0.09
Dividends Per Share 0.14 0.12 0.10 0.09 0.08
Total Assets 4,306.93M 4,364.40M 4,499.72M 4,491.95M 5,123.55M
Total liabilities 1,224.86M 1,252.24M 1,389.76M 1,432.63M 1,838.77M
Total equity 2,565.98M 2,580.86M 2,568.77M 2,503.76M 2,514.74M
Operating cash flow 318.06M 255.51M 219.09M 193.55M 207.69M

Valuation Measures

Aug 2019
PER15.17
ROA3.19%
ROE6.11%
Operating margin26.87%
Profit margin22.05%

Key executives

  • Chief Executive Officer & Executive Director: Yat Chung Ng
  • Group Chief Financial Officer: Hwee Song Chua
  • Chief Technology Officer: Glen Gary Francis
  • Executive VP-Human Resources & Administration: Kam Man Chan
  • Executive Vice President-Corporate Development: Sung Sung Wu

Shareholders

  • The Vanguard Group, Inc. (2.8%)
  • Lee Foundation (1.4%)
  • BlackRock Fund Advisors (1.3%)
  • Norges Bank Investment Management (1.1%)
  • TD Asset Management, Inc. (1.0%)
  • Dimensional Fund Advisors LP (0.7%)
  • CHAN SIEW KIM ALICE (0.6%)
  • Leung-Kai Fook Medical Co. Pte Ltd. (0.6%)
  • Phay Thong Huat Pte Ltd. (0.5%)
  • GAN THIAN CHIN /SINGAPORE PRESS/ (0.5%)

Contact Details

  • Website:http://www.sph.com.sg
  • Address: 1000 Toa Payoh North, News Centre, Singapore, 318994, Singapore
  • Phone: +65.6319.6319

Related Companies

  • Straits Ten Pte Ltd.
  • Privilege Southampton Holdings SARL /2 SUBS/
  • Straits Five Pte Ltd.
  • Singapore Press Holdings (Overseas) Ltd.
  • BNM Content Solutions Pte Ltd.
  • SPH Radio Pte Ltd.
  • HAN Language Centre Pte Ltd.
  • Privilege Sheffield SARL
  • Invest Healthcare Pte Ltd.
  • SPH Buzz Pte Ltd.
  • SPT Net Pte Ltd.
  • Pacom Media Pte Ltd.
  • SI Portal.com Sdn. Bhd.
  • SPH Ventures Pte Ltd.
  • SPH REIT Management Pte. Ltd.
  • Invest Learning Pte Ltd.
  • CT Point Investments Pte Ltd.
  • SPH Data Services Pte Ltd.
  • Moon Holdings Pte Ltd.
  • SPH Retail Property Management Services Pte Ltd.
  • SPH REIT
  • SGCM Pte Ltd.
  • Business Times
  • 701 SOU (Beijing) Information Technology Co., Ltd.
  • New Beginnings Management Consulting (Shanghai) Co., Ltd.
  • Straits Times Press Pte Ltd.
  • Baiden Barron Smith Ltd.
  • Sphere Exhibits Pte Ltd.
  • Times Development Pte Ltd.
  • Lianhe Investments Pte Ltd.

Competitors

  • CapitaLand Mall Trust
Last Updated on 24 Jan, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media