Asia300

Singapore Press Holdings Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Oct 17, 2017
Prev close: 2.74
Oct 17, 2017
Market cap:
Market cap(USD):
4,385.77M
3,232.68M
Shares: 1,600.64M

Currency in SGD

Company profile

Market(Ticker): SES(T39)
Sector:
Industry:
Consumer Services
Publishing: Newspapers
Full time employees: 4,410

Business summary

Singapore Press Holdings Ltd. engages in the publishing, printing and distributing newspapers, and distributing magazines and books. It also engages in the provision of multimedia content and services, and management services to its subsidiaries. It operates its business 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.

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.

In the news

Financial highlights

Aug 2017

  • Local currency
  • US Dollar
Revenue 1,032.51M
Gross profit 470.07M
Operating income 303.58M
Income before tax 431.49M
Net income 350.08M
EBITDA 352.40M
Diluted EPS 0.22
Dividends per share 0.15
Total assets 6,106.41M
Total liabilities 1,883.08M
Total equity 3,488.39M
Operating cash flow 305.66M

Currency in SGD

Revenue 740.06M
Gross profit 336.93M
Operating income 217.59M
Income before tax 309.27M
Net income 250.92M
EBITDA 252.59M
Diluted EPS 0.15
Dividends per share 0.10
Total assets 4,496.61M
Total liabilities 1,386.66M
Total equity 2,568.77M
Operating cash flow 219.09M

Currency in USD

Valuation measures

Aug 2017

PER 12.54
ROA 5.80%
ROE 9.99%
Operating margin 29.40%
Profit margin 33.90%

Key executive

  • Chief Executive Officer: Yat Chung Ng
  • Chief Financial Officer: Anthony Mallek
  • Executive Vice President-Technology: Huan Ping Low
  • Executive VP-Human Resources & Administration: Kam Man Chan
  • Deputy Chief Executive Officer: Anthony Tan

Share holders

  • The Vanguard Group, Inc.(2.3%)
  • BlackRock Fund Advisors(1.5%)
  • Lee Foundation(1.4%)
  • TD Asset Management, Inc.(0.9%)
  • LEE FAMILY /OCBC/(0.7%)
  • Norges Bank Investment Management(0.7%)
  • CHAN SIEW KIM ALICE(0.6%)
  • Leung-Kai Fook Medical Co. Pte Ltd.(0.6%)
  • Phay Thong Huat Pte Ltd.(0.6%)
  • Forsta AP-fonden(0.5%)

Address

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

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