Newspaper publisher and property developer Singapore Press Holdings Limited (SGX: T39), also known as SPH, shares have delivered a loss of 35% to investors over the three years ended 17 July 2019, after adjusting for dividends.
The decline in the company’s share price to S$2.28 (as at the time of writing) may pique the interest of bargain-hunters since the dividend yield on the shares is high at 5.5%.
However, I think that investors should stay away from the company’s shares.
Here’s why…
Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence.
Don’t Stop Be-leeding Source: Singapore Press HoldingsSPH counts the Media Segment as its largest revenue contributor; in the first nine months of its financial year ending 31 August 2019 (FY2019), the segment, which houses the company’s newspaper publication business, accounted for 60.1% of SPH’s
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