Media and property gather Singapore Press Holdings on Friday posted a 17.5% drop in FY16 profit to $265.3 million in the midst of proceeded with shortcoming in its center media business.
"We don't see any end to this in the close term," says UOB Kay Hian lead examiner Foo Zhi Wei in a Monday report. "Gotten in a one-two punch of a blurring legacy business and a breaking down neighborhood economy, income and along these lines profits will keep on trending down."
UOB had downsized SPH to "offer" from "hold", and slice its objective cost to $3.29 from $3.80 already.
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