Asia’s leading media organisation, main board-listed Singapore Press Holdings (SPH), has been downgraded by DBS Group Research to “fully valued”, from “hold” previously, and cutting its target price by 60 cents to $2.79.
This come after SPH saw earnings tumble 45.2% to $28.9 million in for the third quarter ended May on the back of weak advertising expenditure.
“Online disruption continues to dampen the core media business, which is resulting in falling ROE as well as a lower earnings,” says Yeo. “Readers are shifting away from traditional newsprint, resulting in lower circulation and demand for newsprint. The outlook for adspend is likely to continue to be lacklustre,” says DBS lead analyst Alfie Yeo.
Core earnings dropped 17% to $67 million, while revenue fell 11% to $260 million.
SPH recently struck a licensing partnership with US-based global business news source Business Insider (BI) to operate the latter’s Singapore and Malaysia editions.
BI Singapore and Malaysia will offer local news, business and lifestyle stories, as well as content from BI’s newsrooms around the globe, including Australia, Germany, Britain and its headquarters in New York. BI in Singapore and Malaysia was previously operated by Malaysian media company Rev Asia Berhad.
BEST OF GLOBAL DIGITAL MARKETING Conference 2017
For the seventh year running, we are bringing back the famous Best of Global Digital Marketing Conference to KL with a special focus on Content Marketing this year. Unique case-study based learning, as our team monitors over 200 digital marketing award shows across the globe and interviews the winners. Based on this extensive work, we produce in-depth case studies.
Speakers with digital domain expertise:
• Hando Sinisalu, CEO of Best Marketing International
• Kyoko Yonezawa, Creative Technologist and member of Dentsu Lab Tokyo
• Scott Gray, Experience Director, Mirum South Africa
Global Case Studies include:
BANKING & INSURANCE: Compare The Market, Advocards, Allianz, Ally Bank, Barclays….
TECHNOLOGY & STARTUPS: Hubspot, Pipedrive, MoveHub….
AUTOMOTIVE: Volkswagen, Volvo, Nissan, etc FMCG: Ariel, Unilever, Snickers…
RETAIL: McDonald’s, Harvey Nichols, Zalando….
TRAVEL & TOURISM: Qatar Airways, Transavia, Finland Tourism, Sweden Tourism, KLM…
Each best practice case study is presented based on…
Business problem: What is the market situation? Who are the competitors? What is the target audience? What are the main business/marketing challenges? What are the goals?
Solutions: What are the consumer insights? What was the creative strategy? What was the media strategy? What were the results of the campaign?
Lessons: What other marketers from other countries/other business sectors could learn from this case study? What are the main mistakes to avoid?
The Best of Global Digital Marketing Conference has won popularity in more than 30 cities around the world from Singapore, Moscow, Jakarta, Istanbul to Amsterdam, Johannesburg, Prague, Shanghai, Seoul, etc.
Date: 14 August, 2017 (Thursday)
Venue: Sime Darby Convention Centre, Kuala Lumpur.
Time: 8.30am – 5.00pm
Book your seats early! Call Ruby on 03-77262588 or [email protected]
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Discover what’s possible from those who made it possible. Plus a preview of The HAM Agency Rankings REPORT 2024.
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