Property Push by Singapore Press May Turn Its Stock's Fortunes
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An increased focus on property investments may be a boon for Singapore Press Holdings Ltd., even as interest rates rise globally and the city-state’s policy makers warn of "euphoria" at home.
That’s the view of CGS-CIMB Securities Pte, which upgraded the shares on Wednesday to add from hold. It said management’s intent to earn more from real estate while stabilizing media operations, which contribute about 70 percent of sales, should add value to the company.