GMT : Tue, 06 Dec 2016, 02:51

SPH’s revenue decline for 4 consecutive years

Things are not looking bright for Singapore Press Holdings, according to its latest Annual Report released today (15 Oct).

For the financial year ended 31 Aug, its advertising revenue fell by 9.2% while its circulation income fell by 3%.

The overall effect on its profitability was mitigated by the increase of it’s property income by 4.6% while there was also cost savings from increased operational efficiency.

As a whole, the Group’s net profit after tax has fallen by 17% to $265.3 million.

CEO Alan Chan said that the financial year was “marked by a very tough operating environment [while]market conditions are expected to remain difficult” moving forward.

Separately, a report from Bloomberg cited anonymous sources saying that they may be laying off between 5% to 10% of its workforce due to cost reduction reasons while merging The New Paper and MyPaper.

SPH’s share price has been on a decline as well and it now trading at $3.71 now, a 19% decline from its peak of $4.60 in Apr 2013.

 

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88 Responses to “SPH’s revenue decline for 4 consecutive years”

  • Python 5:

    I hope to see in the next 4 months their meagre profits becoming uncontrollable ballooning debts and progressively and inevitably go belly up!!!!

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  • Jo Teo Kan:

    Sori! No sympathy for you guys being laid off from the Siahsway Prostitute House.

    Actually, see it this way, it’s a blessing in disguise. It’s an end to your dog’s like life. It can only be good for you. Congrats!

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  • Ass Pee Hachew:

    Warren Frenandes still getting bonus?

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  • LIONS:

    Helmed by former minister lee boon yang.
    Managed by PAP doggies.
    I stopped buying ST more than a decade ago.
    I didnt want to waste money n time on dog shits.

    I can have real news elsewhere for free.
    Why waste time with Shit Times?

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  • DUCK RICE:

    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

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  • Hhh:

    Media corp and SPH became party media, churning out political propagandas to brainwash public instead of publishing Authentic news.

    I have not bought any paper since 2012.

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  • N.Jungne:

    Close lah.

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  • my $8 heart bypass:

    Better to use your $1.10 to buy toilet paper, you have better use than to read all the PAPIGS propaganda and the Elites Aristocrats spouting their self serving talk cock sing song.

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  • opposition dude:

    YES YES Faster go down more quicker is better!

    This is why they have a property arm managing Clementi Mall, otherwise how to stay afloat and continue paying dividends?

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  • Sudah Lah:

    Do you know who the CEO is? Typical former civil servant who run the company to the ground, eg NOL. Instead of finding solutions, he blames the economy. Some of them need to be removed, including the head of marketing.

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  • Anonymous incognito:

    ALL legacy MSM around thd world is suffering the same fate.
    Just that in Singapore there aren’t any alternatives yet and thst’s going to cause problems

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  • Shady Characters:

    Close it down, 154th is a disgrace internationally, and filled with shady characters. With the Internet, PAP cannot control the minds of daft through mainstream media anymore. They should give up and close it down.

    There are close ties between the directors of SPH and the Singapore Government.
    S. R. Nathan, Director of the Security and Intelligence Division and later President of Singapore served as SPH’s Executive chairman from 1982 to 1988 and the first President (1994–2002) of SPH was Tjong Yik Min, former chief of the Internal Security Department. The immediate former Chairman of SPH, Tony Tan was Deputy Prime Minister of Singapore from 1994 to 2005 and President of Singapore from 2011–present.

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  • White Elitists:

    The ordinary Singaporeans sees difficulty in every opportunity. The elites sees opportunity in every difficulty.

    In Singapore, the rich get richer. Ordinary Singaporeans do not get to take advantage of opportunities.

    DUCK RICE:
    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

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  • Talking Birds:

    and parrots will repeat what others said, only because they like the sound of it !

    DUCK RICE:

    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

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  • Greedy Corrupt Evil Shameless:

    Huge population increased, a monopoly, yet still called it tough operating environment?? Such environment is a paradise for making profits. Absolutely useless and good for nothing.

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  • oxygen:

    @ Duck Rice

    UNLESS YOU SHUT DOWN INTERNET, the print media is a walking dead corpse. As with Down Under, the print media – formerly the darling of the investment landscape – is now reduced to an “old men” stock of decaying obsolesence, the millennials and younger does NOT read the print media nor are there on the share register as loyal shareholders.

    There is no capital support for publishing stocks as more and more retail business goes online for advertising and selling direct to consumers. All publishing houses are sinking.

    Have you seen any takeover bid via M & A route in the last 5 years looking to expand their business portfolio? I haven’t seen any.

    If you still see opportunity in this difficult business, you must be either very clever or exceedingly stupid.

    DUCK RICE: The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

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  • DeConstruct PAP Fraudsters:

    DUCK RICE:
    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

    Churchill’s ghost making suggestions to PAP how to continue run their newspapers.

    “How to expect and achieve different results by doing the same things”

    - Ah Beng -

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  • Truedirect:

    Well done, Who wants to read a propaganda of a political party and worst is to pay for it! I don’t read them at all

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  • Ah Seng:

    SPH should close down,sell their assets and give the money to charitable organizations. Its easy to get news and good analysis elsewhere. Everything they write is very predictable…

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  • Trump where are the pussy cat:

    ProMedia had given up their Green Book
    Promedia decide to go online business

    Green Book versus Yellow Pages

    Yellow Pages had been loosing sales to Green Book

    Yellow Pages is so thin, they print the words in bigger fonts

    Now that Green Book had given up printed media, as many customers now Goggle Search from Apple phone

    It is not just SPH

    Singapore had 0.6 GDP growth
    This is the new norms

    A mature developed country with high cost of living
    1% GDP is very good
    Japan, Europe, USA are having 0.5% GPD & 1% GPD

    Europe are in debts
    Japan are the biggest debts in the world
    USA are the next biggest debts in the world
    Singapore had just join the club, over expensive, aging population, not much left to developed
    What do you expect?
    Use immigration & real estate to prop up GDP? Cannot do that anymore it is political sucide
    Use cheap labor to prop up GDP? We are tired of Forign Talents, which believe is Cheap Talent more than Forign Talents

    Times are tough for everyone

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  • Trump where are the pussy cat:

    Just prepare yourself

    The future is Jobs Seekers more than Job Vacancy

    Being Unemployed for more than 3 years is normal

    Hearing someone go back to do MBA because he cannot find a job is normal

    After graduation from MBA, still cannot find job is normal

    Note: Taiwan graduate salary is below SGD 1K, still cannot find jobs

    Note: South Korea had surplus of Graduate, MBA cannot find jobs work in construction part time

    Note: Taiwan 30% of her population are PhD many cannot find jobs

    All these also happened in USA & Europe, when they cannot find jobs, they go back to University higher learning

    Singapore is a developed country
    1) Overpriced, expensive to hired, due to High Cost Of Living
    2) Average educated workers likes South Korea, Taiwan, Japan, Europe, American
    3) Expensive place to lived, same in South Korea, Japan, Europe

    Note:” I stay at Frankfurt German
    Their budget hotel is EURO 19 (excluding breakfast) with Wifi, double bed
    The breakfast EURO 8, orange, Ham, yogurt, bread, coffee, hot dogs, tomatoes, cheese,

    Singapore bugdet hotel is easily above SGD 100 over single bed

    Canada had lower their GST goods service tax

    Canada don’t understand this word INFLATION

    Prices can only go up
    In Singapore, price only go up, never come down
    Things will get more expensive, price will go up
    You will say when you are young, price was reasonable
    But Canada is spoiling the Capitalist System

    Capitalist Sysyem = to extract the maximum out from you, squeeze you dry, real business person do that

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  • Anon:

    @Duck Rice
    ‘The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.’

    ‘The fantasist sees opportunities that DO NOT EXIST; they hallucinate! Reminds me of an old song; ‘Fools rush in where wise men never go….’

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  • Anon:

    @Trump;
    ‘It is not just SPH
    Singapore had 0.6 GDP growth
    This is the new norms
    A mature developed country with high cost of living
    1% GDP is very good
    Japan, Europe, USA are having 0.5% GPD & 1% GPD
    Europe are in debts
    Japan are the biggest debts in the world
    USA are the next biggest debts in the world
    Singapore had just join the club, over expensive, aging population, not much left to developed
    What do you expect?
    Use immigration & real estate to prop up GDP? Cannot do that anymore it is political sucide
    Use cheap labor to prop up GDP? We are tired of Forign Talents, which believe is Cheap Talent more than Forign Talents
    Times are tough for everyone’

    Indeed, times they are a-changing! Nobody really, including especially the so-called experts knows what is best to do. Each is trapped in his/her own favourite theory, worldview. Each mistake the map for the territory.

    Nobody these days seem interested to get down to the ‘coal face’ where things actually happen to let the real situation dictate what needs doing. What is needed is not helicopter vision or a birds eye view, but a ‘worms eye view’ of reality. That is the proper starting point for formulating real solutions to real problems. It calls for what the Japanese industrialist Konusuke Matsushita calls a child-like, innocent ‘Sunao’ mind

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  • Not Surprising:

    Not surprising, considering online news and entertainment media is free. Who bothers with print media, radio, TV, bookstores, cinemas anymore? The CD chains all closed down very quickly in the last few years, proving that online is the way to go.

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  • DUCK RICE:

    We’re quoting old songs now? I see.I see.

    My reply in the form of a song would be WE SHALL OVERCOME from mum and dad’s oldies collection.

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  • unclefond:

    my $8 heart bypass:
    Better to use your $1.10 to buy toilet paper, you have better use than to read all the PAPIGS propaganda and the Elites Aristocrats spouting their self serving talk cock sing song.

    u r wrong,1.10 or 1.54 is oso toilet paper

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  • oxygen:

    @ Anon

    DUCK RICE IS F*RTING NOISY GASES around this blogg. Share investors for over a decade has NOT discovered any upside in the share price performance of SPH – except a steep fall in 2008/2009 during the last GFC. Here is my proof of SPH’s historical 10-yr (max) chart.

    https://sg.finance.yahoo.com/q/bc?s=T39.SI&t=my&l=on&z=l&q=l&c=

    To a casual observer, this INTERACTIVE CHART HISTORY of SPH tells a compelling story – SPH share value has NO upside value BUT ONLY DOWNSIDE in the last decade.

    I have looked at its recent annual reports to assess its fundamentals. Other than bearish of my assessment of its forward outlook, I won’t comment further other than saying that I can discover better values elsewhere on the global investment landscape.

    I wonder what this genius scholarly economist @ Ducky Rice has to offer of unique insights when loyal shareholders have not yet seen appreciation in SPH share valuation waiting for more than 10 years now to see the fruits of patient long-term investing.

    Anon: ‘The fantasist sees opportunities that DO NOT EXIST; they hallucinate! Reminds me of an old song; ‘Fools rush in where wise men never go….’

    DUCK RICE: The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

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  • Python 5:

    DUCK RICE:
    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

    If you cannot make them see the light, make them feel the heat
    - Ronald Reagan.

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  • Python 5:

    DUCK RICE:
    The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.

    -Winston Churchill-

    if you see opportunity in SPH, take out all your money and buy their shares lah.

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  • GS:

    Sudah Lah:
    Do you know who the CEO is? Typical former civil servant who run the company to the ground, eg NOL. Instead of finding solutions, he blames the economy. Some of them need to be removed, including the head of marketing.

    Seems to me that they put former civil servants in the driving seat for many decades and gave up any semblance of actually running a business. The priority was mind control of the population and milking their monopoly status for profit. That only lasts so long. Ditto for other GLCs looking to the local market to stay alive.

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  • billyma:

    The SPH is PAP just like PA is PAP.
    So we don’t have to worry SPH will go bankrupt. Imagine PA not around for PAP?

    And those in SPH know about it very well. Those in SPH know that it will continue to survive as long as it continues to be the mouth piece of PAP.
    It’s an easy business model really.

    In fact the same can be said of those who get contracts with the PAP government if you’re a grassroots of PAP.
    A sure enriching business strategy.
    Sure makan

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  • Definitely a IB:

    Even IB have to come here to promoate their propaganda.
    Mainstream media is losing popularity.

    oxygen:
    @ Duck Rice

    UNLESS YOU SHUT DOWN INTERNET, the print media is a walking dead corpse. As with Down Under, the print media – formerly the darling of the investment landscape – is now reduced to an “old men” stock of decaying obsolesence, the millennials and younger does NOT read the print media nor are there on the share register as loyal shareholders.

    There is no capital support for publishing stocks as more and more retail business goes online for advertising and selling direct to consumers. All publishing houses are sinking.

    Have you seen any takeover bid via M & A route in the last 5 years looking to expand their business portfolio? I haven’t seen any.

    If you still see opportunity in this difficult business, you must be either very clever or exceedingly stupid.

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  • Shakin' All Over:

    The truth of the matter is that they are losing revenue to their competitor TODAY.

    TODAY is free and can be obtained at mrt stations, bus interchanges,shopping centres. I have friends residing in certain housing estates where TODAY is delivered right to thier doorsteps every morning even though they don’t subscribe to any newspaper.

    Morevoer, advertisers prefer TODAY because of the wide coverage since it is distributed free and cheaper advertising. They have even advertised on broadcast media given the various incentives.

    Furthermore, MY PAPER has no news. Instead the news are all taken from ST,TNP and even BT.

    Commonsense will tell you which idiot wants to pay $1.10/1.20 as compared to paying nothing.

    Many are even prepared to take a short walk and treat it as an exercise every morning to get their free paper.

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  • Brutal_Truths:

    Truth is that SPH is in a DEATH SPIRAL! Who buys Print Media products these days (ie. newspapers & magazines)? Not the General Population whose using Smartphones & Tablets; only the less tech savvy (…or the less educated or the poor unable to afford smartphones/tablets) & the older generation! In the next 10 years or even in less time, SPH core customers will simply disappear no matter what happens! Whatever SPH dividends you get now is simply CAPITAL REDISTRIBUTION – it is not income & certainly not from income growth! And that is why SPH share price is falling!
    Even MEDIACORP is in a DEATH SPIRAL! – WHO USES TRADITIONAL MEDIA CHANNELS these days aka watching the Telly (repetitive, boring) or listening to the Radio (mindless chatter)? Not when you could stream the latest broadcasts via fast broadband or listen to Podcasts/Digital radio! The Media channels landscape is rapidly changing while advertisement revenue stream is being diverted into online & recent phenomena like social media! S’PORE IS STILL STUCK WITH SUPPORTING TRADITIONAL MEDIA CHANNELS!
    NOL had fallen prey to receding Global trade & rampant cost cutting in shipping rates ie. capacity over-expansion & terrible competition for survival. Why it took Temasek Holdings so long to see the obvious problems with Global Shipping environment? Temasek were supposed to have the best minds in the Investment World or so they say?
    The so-called MERITOCRACY POLICY of parachuting Meritocratic Scholars into GLCs is FAILING & CLEAR EVIDENCE is all around us – SGX which is dominated by GLCs/Meritocratic Scholar management have fallen to half it’s capitalization value within 10 years; S’pore tax haven business model is unraveling in less than 10 years (2006 – 2015), etc. MERITOCRATIC had become MEDIOCRITY! Yet PAP Ministers are still desperately holding onto their MERITOCRATIC POLICY which to most ‘intelligent’ people had FAILED! IT IS ANOTHER SIGN OF STRUCTURAL FAILURE!
    The next DOMINOES to fall in a DISRUPTIVE WORLD will be asset-heavy business models aka, BRICK-N-MORTAR-CENTRIC BUSINESSES, HOSPITALITY BUSINESSES; TAXI & RENTAL FLEETS BUSINESSES, etc. What this means is that SGX has room to fall further given it predominance of Real Estate businesses (in Retail Malls, Commercial & Industrial property, Residential redevelopment, Financial vehicles like REITs & Property trusts, etc), hotel-related shares & Comfort-Delgro.
    Even an optimist would have trouble seeing opportunities here! Duh!

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  • We will overcome:

    We will overcome any difficulties.

    If PAP needs to be replaced so be it, free market is at work, PAP can be removed even with their dirty means of staying in power.

    DUCK RICE:
    We’re quoting old songs now? I see.I see.

    My reply in the form of a song would be WE SHALL OVERCOME from mum and dad’s oldies collection.

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  • Rats can't vomit:

    A newspaper is a device for making the ignorant more ignorant and the crazy crazier. – H. L. Mencken

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  • What is PAP Sg Narrative?:

    Ass Pee Hachew:
    Warren Frenandes still getting bonus?

    I am wondering too – whether he was paid to offend the Election rules?

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  • What is PAP Sg Narrative?:

    Since SPH holdings are obviously BEHOLDEN to their Political Masters, PAP – few implications to consider, below:

    1. Does PAP fund SPH expenses, since PAP has ‘full say’ in running SPH? Which means since SPH revenue falling annually, HOW DOES PAP compensate $$$$ to shareholders?

    2. Since the PAP sets SPH editorial policy, do PAP also have a say in ALL SPH EMPLOYEES $$$$$$ salaries?

    3. Obviously many instances of SPH clearly only favouring PAP, what kind of BRAINWASH classes ALL SPH employees go through?

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  • SinkiesAreBrainless:

    To Brutal_Truths:

    I absolute agree with you views.

    But if you do go and walk the ground talking to many of the supposedly highly educated senior level Singapore executives (not those “meritocratic”, military scholars placed in GLCs/Stat-boards), you will shockingly find that many of them (80% or more) have the similar myopic view of the future. Many of them are in their comfort zones with the old ways of doing business.

    I have met enough “FT” directors to have the impression that at least these outsiders are more forward looking (their genuine ability to execute or lead is another topic). That is also the reason many of the local directors in MNCs are replaced by FTs. For example I knew one senior sale director in a tier one consumer product firm who is in his 50s and does not believe in social/digital marketing (relying on the old ways of driving channel sales purely through incentives). Well he will be singled out to be replaced soon by the foreign management.

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  • self regulation is a myth:

    Short sell SPH

    Good chance for profit

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  • KNN:

    Good Riddance!!!!

    S’pore Prostitute House should burn & drop dead long time ago. Your puss* too loose & saggy liao. Soon your pimp PAP will follow you out of business.

    I can still remember back in 2007, SPH stock price $6+. Now $3+. One way road to hell liao. Hahahaha!!!

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  • DUCK RICE:

    We’re quoting old songs now? I see.I see.
    My reply in the form of a song would be WE SHALL OVERCOME from mum and dad’s oldies collection.

    Anon:
    @Duck Rice
    ‘The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.’

    ‘The fantasist sees opportunities that DO NOT EXIST; they hallucinate! Reminds me of an old song; ‘Fools rush in where wise men never go….’

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  • uhnijmk:

    In future who knows some of the gov boards might close down or force to revamp in order to fits the modern world or by the citizens boycotting them like not buying their newspapers and they making losses.

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  • The Fixer:

    Buggers who lie for a living should be stopped.

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  • Python 5:

    SPH is like trying to sell cassette tapes and video tapes in the age of downloadable MP3 and MP4s.

    but these cassette tapes are worse when it contains PAP propaganda.

    the obsolete technology is one thing, the content inside that obsolete technology is another thing… its utterly abhorrent.

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  • Python 5:

    Ah Seng:
    SPH should close down,sell their assets and give the money to charitable organizations. Its easy to get news and good analysis elsewhere. Everything they write is very predictable…

    wh*re house at Braddell publishing the prostitute press.

    if they close down, they should set up office at Geylang instead.
    more suited for their kind of activities.

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  • Anon:

    @Duck Rice;
    ‘We’re quoting old songs now? I see.I see.
    My reply in the form of a song would be WE SHALL OVERCOME from mum and dad’s oldies collection’

    Blind faith is one way of dealing. with situations you can’t quite comprehend. At least your mum and dad were realistic enough to trust in divine providence. Looks like being supposedly well educated has not enabled you to use reason and logic to comprehend what is really going on and to act realistically rather than adhere blindly to platitudes.

    Still a lot to learn sonny!

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  • Where old soldiers go to die.:

    So within less than 9 months of fake paper General LG Ng joining the board, Spore Prostitute House is announcing retrenchments.
    Ng collected $16 million in salary, lost $1.2 billion at NOL and finally had to sell it.
    So he bring along relevant experience in sinking a ship.
    The other LG…a certain Bey was unceremoniously ejected from SIA when he could not perform.
    Everybody knows of the incompetency of the fake LG Quek at SMRT.
    Worse of all…the biggest Dud of All—the fake General BG pinkie is steering the mothership into oblivion.
    Military junta has never work anyway in the world throughout history.
    Soldiers should remain in barracks….always.
    Do not let them run trains, planes, ships, ….countries;they will crash and burn all of them.

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  • Uncle Lim:

    LIONS:
    Helmed by former minister lee boon yang.
    Managed by PAP doggies.
    I stopped buying ST more than a decade ago.
    I didnt want to waste money n time on dog shits.

    I can have real news elsewhere for free.
    Why waste time with Shit Times?

    Well said.

    I’m like you.

    To read Shitty Times is a guarantee it’ll spoil your day.

    Why? The pictures of the Clown and his Ministers and the KFC President, everyone SHAMELESSLY overpaying themselves.

    Soon ST will be offered free.

    Boycott ST.

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  • Uncle Lim:

    Shakin' All Over:
    The truth of the matter is that they are losing revenue to their competitor TODAY.

    TODAY is free and can be obtained at mrt stations, bus interchanges,shopping centres. I have friends residing in certain housing estates where TODAY is delivered right to thier doorsteps every morning even though they don’t subscribe to any newspaper.

    Morevoer, advertisers prefer TODAY because of the wide coverage since it is distributed free and cheaper advertising. They have even advertised on broadcast media given the various incentives.

    Furthermore, MY PAPER has no news. Instead the news are all taken from ST,TNP and even BT.

    Commonsense will tell you which idiot wants to pay $1.10/1.20 as compared to paying nothing.

    Many are even prepared to take a short walk and treat it as an exercise every morning to get their free paper.

    The writing has been on the wall for years.

    Yes, why pay $1.10 to read BS from the MIW?

    For international and regional news, the Internet is full of them. Local news is full of MIW propaganda or negative slanted.

    Examples: train breakdowns are DISRUPTIONS. Fee increases are REVISIONS. Repressive laws are known as PUBLIC ORDER ACTS.

    And my boycott of Shitty Times? It’s called SUSPENSION? No?

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  • SG patriot:

    Yet another morning I wake up to a Shitty Times free day. Been so for more than ten years now.

    Hear that SPH, PAP mouthpiece?

    Anything with the SPH in any publications I boycott.

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  • capitalize on the situation:

    //The pessimist sees difficulty in every opportunity.The optimist sees opportunity in every difficulty.//

    yar lor. let’s go for the open-leg policy of 10m then 20m then 30m lor.

    plenty of opportunities for the relatively smaller number being able to capitalize on the situation and exploiting a larger pessimistic economic number lor.

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  • 154th international position:

    //Huge population increased, a monopoly, yet still called it tough operating environment??//

    why would one be paying for something which one definitely knows is churning out first class wayang that has been awarded 154th international position.

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  • LIONS:

    Uncle Lim:
    October 17, 2016 at 12:17 am Uncle Lim(Quote)

    “Soon ST will be offered free.

    Boycott ST

    =====================================================================
    agreed.even FREE we have no time for shitty stuufs?

    cheerio TO YOU,UNLCE LIM.

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  • DUCK RICE:

    Some harsh words but I’ll keep that in mind.

    Anon:
    @Duck Rice;
    ‘We’re quoting old songs now? I see.I see.
    My reply in the form of a song would be WE SHALL OVERCOME from mum and dad’s oldies collection’

    Blind faith is one way of dealing. with situations you can’t quite comprehend. At least your mum and dad were realistic enough to trust in divine providence. Looks like being supposedly well educated has not enabled you to use reason and logic to comprehend what is really going on and to act realistically rather than adhere blindly to platitudes.

    Still a lot to learn sonny!

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  • thebastardPAPparty:

    farking PAP media ranked 154th

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  • Bapak:

    CEO Alan Chan said that the financial year was “marked by a very tough operating environment [while]market conditions are expected to remain difficult” moving forward.
    =====================================================================
    If you monopolise the whole market yet cannot perform, your product is not well received, period! TKSS would bring in the butter.

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  • Blue Streamer:

    Many world major media website give free online browsing, except ST, Zaobao….

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  • Fuck Them All:

    Fuck the PAP propaganda papers

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  • PAP STUPID:

    Where old soldiers go to die.:
    So within less than 9 months of fake paper General LG Ng joining the board, Spore Prostitute House is announcing retrenchments.
    Ng collected $16 million in salary, lost $1.2 billion at NOL and finally had to sell it.
    So he bring along relevant experience in sinking a ship.
    The other LG…a certain Bey was unceremoniously ejected from SIA when he could not perform.
    Everybody knows of the incompetency of the fake LG Quek at SMRT.
    Worse of all…the biggest Dud of All—the fake General BG pinkie is steering the mothership into oblivion.
    Military junta has never work anyway in the world throughout history.
    Soldiers should remain in barracks….always.
    Do not let them run trains, planes, ships, ….countries;they will crash and burn all of them.

    Excellent.

    In Malay SPH stands for SUDAH PASTI HABIS (already certain gone).

    The Clown is very insecure so he surrounds himself with paper generals like a child clinging on to his old battered toy for security. His paper generals can even be a Football manager.

    If he were a CEO he’d have been sacked long ago.

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  • Cool head think clearly:

    Ok I can see you all here don’t really knew sph business and their earning big money prospect.

    First let I share with you, my boss got 3000 shares sph. Every year he got high profit dividends from sph. Just like this, no need work in sph but can get money from them.

    Who is big shareholder of sph? Temasek! So meaning sph is safe.

    Newspaper company sure make money because everyone must see news if not how competing in this world? Nowadays even students also read news inside class.

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  • NI HUSHUO:

    Cool head think clearly:
    Ok I can see you all here don’t really knew sph business and their earning big money prospect.

    First let I share with you, my boss got 3000 shares sph. Every year he got high profit dividends from sph. Just like this, no need work in sph but can get money from them.

    Who is big shareholder of sph? Temasek! So meaning sph is safe.

    Newspaper company sure make money because everyone must see news if not how competing in this world? Nowadays even students also read news inside class.

    You sound like a PRC FT with your broken English and ignorance.

    Temasick owned NOL so why wasn’t NOL safe but it sank instead?

    Are you sure students read the news inside the classroom or are they sniggering over rape stories or pictures of half naked women.

    Are you implying students love Shitty Times so much that they buy them to bring to schools to read?

    You are so shallow.

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  • oxygen:

    @ Cool head think clearly:

    YOI, HARVARD INVESTMENT PROFESSOR you claimed to be in TRE. Since you claimed here again that you know the art of investment and the rest of us all here is naive – WHY DON’T YOU TELL US IF THIS IS A GOOD INVESTMENT of an entry price now, and if so, why or if not, also why.

    http://www.asx.com.au/asxpdf/20161012/pdf/43by06wq4hw3xp.pdf

    Antipa Minerals is now trading at 3.4c per share compared to its recent 12 months high of 6.7c – that is, it represents a 50% discount!!

    I WILL BE TOO GLAD TO LEARN FROM YOU.

    If you don’t even know where to start, you just prove yourself a COMPLETE IDIOT f*rting gases around the blogg. Why don’t you just fiack off & make yourself scarce instead of barking nonsense.

    Cool head think clearly: Ok I can see you all here don’t really knew sph business and their earning big money prospect.

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  • apakhabar:

    HURRAY HURRAY.
    After over 50 years the disgraceful monopoly of SPH is showing..ITS IN DECLINE.
    Time to chop off the deadwood.
    STOP BUYING SPH publications.

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  • New Straits Times!:

    More colorful and full of news coverage (both good and bad!)

    Only half the price (RM1.50)!

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  • to create jobs for daft sinkie:

    //Newspaper company sure make money because everyone must see news if not how competing in this world? Nowadays even students also read news inside class.//

    wink wink. students hor got to read news inside class. got to brainwash them when young, else how to control them (with more daft minds) when older hor and still tell you that the white idiots are so talented and FTs are here to create jobs for daft sinkies hor ?

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  • f.o.c:

    NEWpaper n MYpaper is now free…
    Compliments of SPH.
    Early christmas present.
    (rep this morning on 1fm radio sph).
    Can use for cat/ dog litter lining.
    Go grab your copy.

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  • N.Jungne:

    Merge SPH with Mediacorpse, journalists can be Cale-Fairs

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  • Mediacorp close down:

    Mediacorp close down

    Not Surprising:
    Not surprising, considering online news and entertainment media is free. Who bothers with print media, radio, TV, bookstores, cinemas anymore? The CD chains all closed down very quickly in the last few years, proving that online is the way to go.

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  • Not right in the head:

    What talking you lah?

    PRC can only defecate and spit in public.

    Cool head think clearly:
    Ok I can see you all here don’t really knew sph business and their earning big money prospect.

    First let I share with you, my boss got 3000 shares sph. Every year he got high profit dividends from sph. Just like this, no need work in sph but can get money from them.

    Who is big shareholder of sph? Temasek! So meaning sph is safe.

    Newspaper company sure make money because everyone must see news if not how competing in this world? Nowadays even students also read news inside class.

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  • Creative NOT. . .:

    It is interesting to note the approach of MIWs in managing SG – a landlocked, no-resources state.
    Creativity and innovation – mantra.
    -
    MIWs encouraged creativity and innovation in every sector – except in POLITICS.
    They turned SPH into propaganda instrument – Hi ranking they got – 154th !!!
    They deprived other political parties a level playing field.
    -
    What is barrier to creativity? – “over control”. . .
    -
    Apparently, the AristoCATS prefer power over SG success. :(

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  • Sceptic:

    Tide is going out. No way, even for a blue chip like SPH, to survive swimming against the tide.

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  • apakhabar:

    The end is nigh for SPH.
    WHEN IS THE WAKE?
    WHAT A BONFIRE ITS GOING TO BE!!

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  • Ku Ku got bonked:

    Singapore Propaganda House has been playing the role of Chief Propagandist for the PAPaya Party for a few decades now. At the beginning, readers were quite slow to catch on, or they were showing some amount of tolerance since there was no competition whatsoever in the local scene.

    But the degree of propaganda has been stepped up markedly over the last 10 to 12 years. This, and the advent of the internet, has resulted in more and more readers and subscribers abandoning its propaganda papers.

    Whether one is pro or anti PAP is immaterial. It stands to reason to a logical mind that paying for and reading nothing but garbage and lies, day in day out, is both a waste of money and time/effort which can be better utilized elsewhere. Not to mention how one’s mind can be warped by being bombarded by such things over a period of time.

    And this is a slippery road from which there is no return since I do not foresee any possibility of a change in the company’s political role. We may one day see the name changed to Singapore Properties House, or some such..

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  • Python 5:

    investors should start dumping their shares now.
    no point holding on to a terminally ill company.

    Sceptic:
    Tide is going out. No way, even for a blue chip like SPH, to survive swimming against the tide.

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  • Python 5:

    they can change their business fundamentals into some property investment company or REITS or whatever, but the key question is: WHO IS GOING TO TAKE OVER THE ROLE OF PUBLISHING THOSE PROPAGANDA TOILET PAPER???

    Ku Ku got bonked: We may one day see the name changed to Singapore Properties House, or some such..

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  • Python 5:

    1. If they are earning big money, they won’t be retrenching their staff now.

    2. Let’s see if your boss still can earn dividends endlessly when investors start dumping their SPH shares.

    3. I bet Temasek is also a big investor in NOL. NOL still very safe today???

    4. Everyone including students read the news today. They read it online from their iphones and laptops.

    Lastly, looking your pathetic English standard, I think you will be one of those they should retrench quickly.

    Cool head think clearly:
    Ok I can see you all here don’t really knew sph business and their earning big money prospect.

    First let I share with you, my boss got 3000 shares sph. Every year he got high profit dividends from sph. Just like this, no need work in sph but can get money from them.

    Who is big shareholder of sph? Temasek! So meaning sph is safe.

    Newspaper company sure make money because everyone must see news if not how competing in this world? Nowadays even students also read news inside class.

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  • Python 5:

    not just the newspaper, the magazines also.
    choke off all their income streams.

    apakhabar:
    HURRAY HURRAY.
    After over 50 years the disgraceful monopoly of SPH is showing..ITS IN DECLINE.
    Time to chop off the deadwood.
    STOP BUYING SPH publications.

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  • Python 5:

    http://www.sphmagazines.com.sg/magazines

    list of all the SPH magazines.
    boycott all these publications and quicken their demise.

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  • boa jiak rent-seeking:

    //We may one day see the name changed to Singapore Properties House, or some such..//

    yar lar. instead of concentrating on core business. it seems that quite a number of link-here-and-there companies are into real estate business (boa jiak rent-seeking).

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  • I have always PAID SPH:

    I have paid SPH for news since I learnt how to masturabet.
    We must continue to pay them.
    Its for the love of our country.
    先有国,才有家!

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  • BuyMeBakKutTeh:

    Ranked 150th plus position n still makes money. Daft paper for daft singaporeans! My family cancelled subscription a year ago n I’m so proud to be a factor of it decline in profit!

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  • Worst is YET to Come:

    Fuck Singaporeans with PAP, now kena fixed by the higher beings. Good riddance to SPH. Orbigoot.

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  • Homeless Cat:

    Well, they had no competition in the industry and thus had no motivation to better themselves. If BBC or Al-Jazeera set up shop in Singapore, they would throw the ministers questions so hard that it would leave them spinning or calling their lawyers!

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  • DUCK RICE:

    ………or Sky with their investigative reporting.Imagine us having a local version of Panorama (BBC) or Four Corners (ABC).

    Homeless Cat:
    Well, they had no competition in the industry and thus had no motivation to better themselves. If BBC or Al-Jazeera set up shop in Singapore, they would throw the ministers questions so hard that it would leave them spinning or calling their lawyers!

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  • Python 5:

    and now Keppel retrenching 8000.
    very good!!!!

    http://www.channelnewsasia.com/news/business/singapore/singapore-rig-builder-keppel-cuts-jobs-as-profits-slump/3222664.html

    then we will have another PAP voter come in and whine about his father being mercilessly retrenched by Keppel.

    KNN, fiack all these 70% ppl lah!!!!!

    this is what you voted for!!!
    you pay for what you voted for!!!

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  • oxygen:

    @ Python 5

    SENIOR MGRS TAKE VOLUNTARY PAY CUT, this is contagious, will spread to all other labor intensive high wage business sectors like SPH and banking.

    A lot of high-end underwater condos and landed properties are in for a big fall with canopy slam down impact on the rest of property market going forward. Rising interest rate emanating from the US will be aggravating of damage causation.

    Those who voted for PAPpy’s hoax call for political stability and betting big on properties are in the slaughterhouse waiting for the turn.

    It could be a double whammy – lost high-paying jobs and huge losses on property speculation to pile on top of that.

    The reality not understood by them is that there is NO RECOVERY FROM THE 2008/2009 GFC in the global economy. DEBT LEVERAGED PROPERTY SPECULATION IS VERY DANGEROUS GAMBLING – much worst than casino – because property bet is HUGE AND ILLIQUID plus hanged by a mountain of debt on top of that.

    Python 5: and now Keppel retrenching 8000.
    very good!!!!

    http://www.channelnewsasia.com/news/business/singapore/singapore-rig-builder-keppel-cuts-jobs-as-profits-slump/3222664.html

    then we will have another PAP voter come in and whine about his father being mercilessly retrenched by Keppel.

    KNN, fiack all these 70% ppl lah!!!!!

    this is what you voted for!!!
    you pay for what you voted for!!!

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  • dopey Oxy:

    // OXYGEN: You drop hint of money which is mysterious of relevance to me. As a retiree, I am FINANCIALLY COMFORTABLE, so I won’t work for money selling research to SPH (your silly suggestion) or anywhere else. I take it that your mind is absorbed with intense money concerns – surely you write what comes to your mind randomly, right?//

    Talking big and talking cock! Very predictable of cave-in-mouth Oxy!!!

    The fact is that you wouldn’t even dare think about offering to sell your toilet papers to SPH or any other publisher! You yourself know full well whether your stinky creations have any substance. You will be laughed out of the office if you dare to offer to sell to ANYONE!!! So you can stop your bragging about how comfortably retired you are and how you do not need to work for money. It is all BALONEY!!!

    Everyone knows that you are as mad as the Mad Hatter. Worse, you are fantasizing and deluding youself about how great and how clever you are when you are really a dope!!!

    Watch Out! LKY is ready to stick his spurs deep into your smart arse!

    Btw, toking about your smart arse, you seem to have forgotten that your brain got stuck in your arse when your mother was giving birth to you. It’s not piles stupeed, it’s your brain! Is it any wonder that you are such a smart arse?

    Is it any wonder too that you keep declaring to the world that your arse
    is anytime smarter than others’ heads???

    WALAOEH!………HOLARIOUS..!!!

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