Shares & Derivatives
SPH Has Surged 80% in the Last Six Months: Is There Room for More Gains?
By The Smart Investor  •  April 30, 2021
Many companies have enjoyed a strong surge in demand in their latest quarter. Their share prices have also risen in tandem with this recovery. Among the blue-chip companiesSingapore Press Holdings (SGX: T39), or SPH, has surprised investors with an 80% share price gain in just six months. The share price of the media conglomerate closed at a 52-week low of S$0.99 on 30 October 2020 but has since rebounded strongly to close at S$1.78. SPH had just released its fiscal 2021 half-year (1H2021) results ended 28 February 2021 a while ago. The group reported improved earnings and also doubled its interim dividend. With so much optimism surrounding the media company, investors may be wondering if there’s still potential for more share price gains? The bright spots in the media division SPH’s problems with its media division are widely known. The group reported that print advertisement revenue continued its structural...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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