BUY: Kim Eng Research - Oct 16, 2006 (ST)

BackOct 16, 2006

Brokers' Take

BUY: Kim Eng Research

Kim Eng bullish on SPH as property play

Oct 16, 2006
The Straits Times


KIM ENG, Oct 13

KIM Eng Research says that Singapore Press Holdings (SPH) is an 'alternative property play with superior dividend yields'.

It adds that 'SPH is an enticing concoction of defensive earnings and good exposure to the property up-cycle', and offers a higher dividend yield than most property stocks.

Kim Eng has a 12-month price target of $4.90 on SPH.

Rating: BUY