SINGAPORE (Apr 12): OCBC Investment Research is maintaining its “hold” with a slightly higher fair value of S$2.52 from S$2.51 previously, after adjusting its assumptions upwards for bottom-line growth contributions from the property segment.

This comes after SPH’s 2Q18 results came in largely in-line with expectations, with 2Q PATMI down 24.9% on-year to S$40.2 million and an interim dividend of 6 Singapore cents declared, unchanged from a year ago.

(See: SPH 2Q earnings fall by a quarter to $40.2 mil even as losses for media business narrow)

Based its Wednesday closing price of $2.49, the counter trades at a FY18F dividend yield of 6%... (Click here to read the full story)