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 companies, Singapore 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