Will SPH shares go to hell or company privatized?
SPH has confirmed its ship is indeed sinking with its Q2 results. (SPH Q2 net profit falls 25% amid weaker advertising, circulation revenue) Former CEO Alan Chan, also former PPS to LKY, left SPH last year and attributed his poor performance to “an increasingly tough economic and media environment”. After 13 years at the...
While Norway insists on transparency, our Familee-managed SWFs prefer the fishing in muddy waters
Yesterday the Financial Times reported that Norway’s Finance Ministry had forbidden its sovereign wealth fund (SWF) from investing in private equity. In the article the Norwegian Finance Minister said that “Private equity does not fit the model we have chosen for the fund. The greatest challenge is openness, information...
SPH CEO LG Ng can’t stop decline in newspapers ad page count
It was reported on Sunday (18 Mar) that the advertisement page count of Singapore Press Holdings’ (SPH) Straits Times had slipped 12.7% year-on-year for 2Q in its financial year of 2018 (FY18). SPH's financial year ends on 31 Aug. According to a report from UOB Kay Hian, the decline was driven primarily by the display ad...
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