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Property boost helps SPH weather tough year

Posted on 13 Oct 2009 | Comments Off

Profit slips just 3.6% to $422m; recurring earnings also sturdy at $497m

In spite of challenging conditions, media group Singapore Press Holdings yesterday reported a net profit of $421.9 million for the year ended Aug 31, 2009, 3.6 per cent lower than the preceding year’s $437.4 million.

Revenue held steady at $1.3 billion as a surge in property revenue compensated for a 12 per cent fall in the core newspaper and magazine segment.

SPH publishes 17 newspapers, including The Business Times, and more than 100 magazine titles.

The company announced a final dividend of 18 cents a share, comprising a normal dividend of 9 cents and a special dividend of 9 cents, to be paid on Dec 23.

Total payout for FY2009 is 25 cents, or 6.4 per cent based on yesterday’s closing price of $3.88 a share. Earnings per share was 26 cents, compared with 27 cents for the preceding year. Continue reading →

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Tagged Sky @ eleven, Sky@eleven, SPH

Would you own 3 to 4 properties in your lifetime?

Posted on 10 Oct 2009 | Comments Off

THERE was a recent Singapore news report about steps taken by the government to “cool” down the real estate market. There was concern that speculative fever might be heightened, especially when forecasts seem to indicate a more challenging and subdued economic environment.

How can the Singapore property market run up so significantly on the back of the worst global financial crisis in history?

Some attribute this to the liquidity available in the banking system, while others are quick to point to a low interest rate environment. It was also highlighted that many buyers were home upgraders who are cash-rich, and of course, some were speculators hoping to make a quick profit within a year or two. There are certainly many types of players in the real estate market, and it is not easy to fully comprehend the dynamics.

In a recent discussion that I had with some colleagues, an interesting trend surfaced – a person is likely to own about three to four properties in his or her life time! Mapping that to one’s life stages, it is easy to identify the four possible stages. Such life stages are similar to those used for investment planning as well. Continue reading →