Shares & Derivatives
[Paywall] SPH share price in disaster
By SG Wealth Builder  •  July 18, 2019

What a disaster for SPH share price! In my previous article in May, I wrote that SPH share price would likely to face major headwinds in the coming months. True enough, SPH share price suffered a catastrophic meltdown, falling from $2.48 on 12 July to $2.28 on 17 July. This represented a drop of 8% of SPH share price within 5 days.

Obviously, the correction of SPH share price was attributed to its dismal 3QFY2019 results. While its struggle in the media business is well-known to most Singaporeans, what caught most investors should be the startling extent of the business decline.

Operating revenue dropped 1.6% to $246 million for 3QFY2019 while net profits collapsed 44.1% to $26.2 million. The latest results marked the fourth consecutive quarterly decline. No wonder SPH share price rolled off the cliff. On the basis of the strings of poor results, it takes

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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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