SPH investors must be wondering what the hell is happening to SPH share price. For the last couple of years, SPH share price had an astonishing correction, falling from a mighty high of $4.00 in 2016 to the current $2.45 level. It appears to me that FY2018 had been a watershed year which saw SPH recording revenue that fell below the critical $1 billion. That killer blow sent SPH share price reeling to the rock bottom.
Given that SPH share price is in a state of disarray, will the recent takeover of M1 turn the tide for SPH? Should investors run for their lives or buy on the dip?
SPH share price in coma
Looking back, it is not difficult to determine the reason for the bearish SPH share price as revenue continuously fell from $1.17 billion in FY2015 to $982 million in