SPH - Towards A Stronger Year
- Tenant sales and occupancy of SPH (SGX:T39)’s retail malls remained resilient in 1QFY22 (Sep 2021 to Nov 2021).
- SPH’s purpose-built student accommodation (PBSA) revenue for the current UK academic year of 2021/22 (AY21/22) has exceeded its AY20/21 achievement.
- Keppel/Cuscaden scheme meeting date will be announced later, pending regulatory approval of composite document/finalisation of IFA opinion.
- Reiterate Hold. SPH’s last price of S$2.34 is close to Cuscaden’s revised offer of S$2.36-2.40.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
EING Kar Mei CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-01-11 2022-01-11
Previous report by CGS-CIMB:
2021-10-07 Singapore Press Holdings (SPH) - Building Up PBSA & Aged Care Portfolio.