Another reason of its price decline may be due to its top management is helmed by ex-General appointed in 2017 who also held management post during NOL era. And you know what happened to NOL then. Just my opinion why investors shun this stock.
SPH share price had been battered by these 3 factors:
1. removal from the MSCI Singapore on 29 May 2020
2. removal from the ST Index on 22 June 2020
3. Covid-19 when lock-downs was imposed in Singapore n some other countries
These 3 factors had put a cap on SPH price as there was a fear that funds or
institutions may have to exit the stock as they do not have the mandate to invest
in non index stocks.
Prior to 29 May, the stock was trading between $1.43 to $2.53. The low of $1.43
was reached on 22 April during the lock-down period. Subsequently it was bashed down further by its exit from the MSCI Singapore on 29 May and again on the 19 June which was its last day of trading as an Index stock in STI.
With these negatives factors removed, i believe SPH share price should recover, though I do not know to what extend. But if I were to look at the historical pricing, the range should be anything from $1.43, the lowest price registered during the lock-down period.
I am vested and the above are just my views and i could be wrong.
Dyodd.
