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Friday 7 May 2021

SPH deal aims to improve asset values, ease shareholder pressure off media unit

Finally; COVID-19 has pushed GLC companies like SPH, CPL, SCI, Keppel etc to improve shareholder value by cutting rotting parts!


Posted by Createwealth8888 at 08:26
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7 comments:

  1. Spur7 May 2021 at 12:58:00 GMT+8

    Singapore Property Holdings can finally get on its business to make money! LOL!

    But I'm disappointed that tons of taxpayer money will have to be used to bail out the rotting parts.

    ReplyDelete
    Replies
    1. Siew Mun7 May 2021 at 13:21:00 GMT+8

      Umbrage...

      Delete
    2. Spur7 May 2021 at 15:53:00 GMT+8

      🤣

      I'd rather that the SPH Media function be taken over by a dept within Ministry of Communication & Info for official & national news. 😁

      Delete
    3. Singapore Man of Leisure7 May 2021 at 16:03:00 GMT+8

      How's that for PR spin?

      Money losing businesses... Hey! Let's coin them "Not For Profit"!

      There! Done! That was easy! Why didn't we think of it earlier?


      Once upon a time, Singapore takes pride in that our state owned enterprises are all money making - unlike other countries where they are money sucking black holes forever in the red...

      Hence we privatise this, get listed that. Make money must flex and monetise mah!


      Monopoly also cannot make money...

      Cannot sell... (like NOL)

      Just have to suck it up.

      And hope not too many Singaporeans ask awkward questions like why hospitals, electricity, telecoms, shipyards, defense technology, transport (airline, shipping, train, bus, taxi) we privatise, yet media we...

      Shh...

      Delete
  2. Jimmy L7 May 2021 at 16:05:00 GMT+8

    no wonder GST needs to be raised

    ReplyDelete
  3. The Dreamzola Traveller7 May 2021 at 21:48:00 GMT+8

    So many other social media around biting each other. Its amazing they can endured until now then start changing.

    ReplyDelete
  4. Spur7 May 2021 at 23:00:00 GMT+8

    Maybe SPH mgmt & MCI can consult Charlie Munger's Daily Journal or the New York Times on how to run a profitable news biz in the age of free online news environment!

    Rupert Murdoch (Wall St Journal) and Michael Bloomberg (Bloomberg News) also can. 🤣

    ReplyDelete

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