Seriously, I have not found the replacement. They are just options which I find interesting enough to go deeper. This is preliminary findings and I welcome comments (even if u disagree)

First of all, I consider UOB kayhian, Kingsmen and SPH before, but decided to put all these in the back burner. Most of their most recent quarter report show continuous deterioration of earnings as compared to YOY. While I expect SPH earnings to improve next quarter due to the increase in print price, the net increase is not significant enough to put to rest the sustainability of its reduced dividends. I think 15 cents is more sustainable without growth drivers. Of course, SPH could inject Seletar mall and experince a short term jump, but that need some luck in timing.

Option1: M1

In terms of yield, it is closest to replacing CMPH. Before u start throwing shoes at …