SPH REIT - It is announced yesterday that SPH will be going ahead with a REIT that will include its Paragon mall and Clementi Mall. There will be another addition to the property portfolio of SPH and that is, from what I read in the newspapers some weeks ago: Seletar Mall. I believe the news of such a Reit can only enhance the net worth of SPH. SPH has been managing its print business till its foray into retail properties and other forms of business. I can see that SPH can grow to a point where it becomes a conglomerate like F&N so much so that it may attract foreign investors to buy out a part of it businesses. That, to me is the hallmark of success of a local company. I think SPH and F&N are one of the better managed government-linked companies and that is so as they ......
