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OVERWEIGHT: JP Morgan - Jul 16, 2007 (ST)

BackJul 16, 2007

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OVERWEIGHT: JP Morgan




Jul 16, 2007
The Straits Times

 

JP Morgan turns more bullish on SPH

JP MORGAN has upgraded Singapore Press Holdings (SPH) from neutral to overweight, with a June 2008 price forecast of $5.50.

'We see positive catalysts coming from stronger-than-expected ad revenue growth in the coming quarters, maiden earnings recognition from its property development project Sky@eleven, and higher revaluation and rental revisions at Paragon.'

JP MORGAN, July 12
Rating: OVERWEIGHT