SPH reviewed its business strategy, cutting manpower and reprofiled jobs due to its declining core media business. It has diversified the biz into property investments. SPH is the main sponsor for SPH reit. The SPH Reit comprises Clementi mall and Paragon mall. Both malls enjoyed high occupancy rates due to its strategic locations. SPH also directly owns Seletar mall and retail investors like me is eagerly waiting for SPH to sell the property to SPH mall as investors will be rewarded for their investment in SPH.
SPH Chairman recently shared that SPH is looking out for bigger projects and announced on 28 Nov to raise additional 20% stake in Chinatown Point mall. Property investment into Chinatown Point mall is a strategic move for inorganic growth to use rental income from the malls to improve the financials.
With the strong management team, i believe SPH will rise through its transformation and restructuring strategies.