Brokers' Take

Singapore Press Holdings

CIMB-GK says that Singapore Press Holdings' (SPH's) newspaper advertising revenue grew 14.7 per cent in January.

It also believes that SPH's newspapers will continue to enjoy healthy circulation, 'with no comparable classified ad segments from its competitors'.

Taking into account these factors, it has raised SPH's target price from $5.16 to $5.22 and kept its 'outperform' call.

CIMB-GK, March 13
OUTPERFORM