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OUTPERFORM: CIMB-GK - Mar 19, 2007 (ST)

BackMar 19, 2007

Brokers' Take

OUTPERFORM: CIMB-GK




Mar 19, 2007
The Straits Times

 

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