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Chart of the Day
Singapore Press Holdings
SPH:SP
Last Update: August 3, 2021
Previous Close
SGD1.88
SGD0.02
1.08%
The Chart Shows
Trading halted ahead of takeover announcement on 2 August. The price broke key resistance to the upside 5 sessions back and was still tracking sideways and up above the break level. The longer term price trajectory remains up.
Company Notes
SPH has operated Singapore’s mainstream media since 1984 but has increasingly diversified into real estate and other investments due to declining readership. It’s property investments include a listed REIT, student accommodation in the UK and Germany and aged homes in Singapore and Japan.
Watch List
3rd August, 2021
Name
Ticker
Commentary
Meituan
3690:HK
Meituan is under regulatory scrutiny for monopolistic practices. It is also under increasing cost pressure after Beijing told food delivery platforms in China to increase the pay and benefits for delivery staff.
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Hong Kong Exchanges & Clearing
388:HK
HKEX is expected to see more Chinese company listings as Beijing looks to change the rules on overseas listings.
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Tencent
700:HK
Tencent has been under intense regulatory scrutiny for anti-competitive behaviour. A merger of 2 Tencent-backed video game streaming companies was blocked by regulators, who also ordered it to give up its exclusive music rights.
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China Evergrande Group
3333:HK
China Evergrande is facing growing concerns over its ability to repay debt and has been facing lawsuits for non-payment. Over the weekend, it agreed to sell a stake in HengTen to raise funds.
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Softbank Group
9984:JP
Softbank has been caught out by China's crackdown on Chinese tech companies as investments in the likes of Didi, Alibaba, and Truck Alliance suffer. It was reportedly mulling a stake sale in Uber to cover for loses.
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