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Mapletree Log Tr2.050+0.130
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News - Detailed News Story

SPH

Stock Chart
Last Done 1.280
Change -0.180 (-12.33%)
Volume 205,814.333
Range 1.280 - 1.450

SPH to weather Covid-19 crisis, will benefit from investment in data collection

21 May 2020 09:00

By Claudia Tan

SINGAPORE Press Holdings (SPH) said in a business update on Tuesday that its "resilient finances" will withstand the impact of Covid-19.

This comes as it has a resilient balance sheet and takes on a "disciplined approach to capital allocation", with regular reviews of non-core businesses and investments, said SPH, which owns The Business Times.

Its businesses in the media, purpose-built student accommodation and retail segments are also "well-placed" amid the virus outbreak.

In addition, SPH has highlighted that first-party data, which is data collected by SPH directly, is important for the firm to deliver an "enjoyable digital experience" and "make relevant content recommendations" that will translate to higher reader engagement.


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Source: Business Times
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