I shared in my blog post on 29 May 2017 how the doji of SPH stock price formed on the same day meant that investors were indecisive; probably weighing in the announcement of General Ng Yat Chung having been appointed the CEO of SPH. Yesterday, SPH stock continued to decline by a further 1.2%. I am really unsure how much of the southing of SPH’s stock price has to do with some investors making decision based on the appointment of the new CEO but I believe the announcement of who will be on helm will definitely be a factor for investors’ investing decision, not only for SPH but for all companies.
While General Ng was the CEO who led NOL to privatization, I always believe that SPH and NOL are in different industries and hence the plans of the new CEO to grow SPH might be different. While others ......