Brokers' Take

KIM ENG BULLISH ON SPH AS 'PROPERTY PLAY'

KIM ENG, Oct 13

KIM Eng Research says that Singapore Press Holdings (SPH) is an 'alternative property play with superior dividend yields'.

It adds that 'SPH is an enticing concoction of defensive earnings and good exposure to the property up-cycle', and offers a higher dividend yield than most property stocks.

Kim Eng has a 12-month price target of $4.90 on SPH.

Rating: BUY