Singapore Press Holdings (SPH)[T39] has not been on my watchlist for a long time. My last purchase of SPH was at the start of 2016, when the market dipped as a whole. I eventually sold off my SPH holdings a few months later, and never bought back because I geared my portfolio towards the ‘Smart Nation’ idea. Recently, with news that the ex-NOL Chief Executive Officer Mr. Ng Yat Chung would be stepping up to take the reins, I had a Whatsapp session with a couple of close friends. They had received SPH shares as birthday gifts from family members slightly after Chinese New Year 2017 (when the price was roughly (3.40 – 3.50), and got worried after they saw the price dip to to 3.20 range.

I had actually¬†advised them to sell off their SPH shares¬†when they first got them, because I felt …