Reuters: Hot Stocks: STOCKS NEWS SINGAPORE-SPH a top defensive play

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

STOCKS NEWS SINGAPORE-SPH a top defensive play Jun 27th 2012, 03:37 Tue Jun 26, 2012 11:37pm EDT Macquarie Equities Research said Singapore Press Holdings (SPH) is one of the best picks in the Singapore market because of its low valuation and expected dividend yield of 6.6 percent. Macquarie, which has an outperform rating on SPH and a 12-month price target of S$4.24, said that after stripping out the firm's mall business, its monopoly media business is valued at an "unjustifiably low" 8.6 times price-earnings. It added SPH's dividend is sustainable because of low debt-to-equity ratio of 0.3 and robust cash flows of S$328 million. SPH shares were last traded at S$3.80, an increase of 0.26 percent. The stock has been range-bound between S$3.50 and S$4.20 since 2009, Macquarie said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions