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BUY: Julius Baer - Jan 08, 2007 (ST)

BackJan 08, 2007

Brokers' Take

BUY: Julius Baer




Jan 08, 2007
The Straits Times

 

SINGAPORE Press Holdings (SPH) is likely to see improvements in its core advertising revenue.

'This is supported by positive sentiments about the economy, higher employment and hot property launches,' said Bank Julius Baer.

SPH has one of the highest dividend yields among the major blue chips, which caps its downside risk. Net dividend yield is estimated at 6 per cent for financial year 2007. The share last traded at $4.56, and Julius Baer has a target price of $4.80.

JULIUS BAER, Jan 4


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