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Singapore Property Bubble Part 2: SPH plans to compete against Capitaland and CitiDev

Surprise, surprise. SPH announces a 12% drop in topline print revenues, but realizes that it can make up for the slack with residential property development. Which now means that SPH will be joining the ranks of Aztech and Popular as property speculators, given the crappy state of their core businesses.Here’s what JPM thinks of SPH’s ...

 

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