SINGAPORE - Singapore Press Holdings said in a business update on Tuesday that its"resilient finances" will withstand the impact of Covid-19.
Meanwhile, its businesses in the media, purpose-built student accommodation and retail segments are"well-placed" despite the virus outbreak, it said. On the retail front, the initial decline in footfall for its assets in Australia is slowing with the gradual lifting of lockdown measures. In light of this, SPH said it has been investing in its own data collection, processing and activation capabilities in the last few years. It therefore stands to benefit when advertisers that lose access to third-party data turn to publishers with first-party data, it added.
SPH's wholly-owned subsidiary, SPH Interactive, holds 60 per cent of the shares of StreetSine Technology; the remaining shares are held by Samuel Cranage Baker and Jeremy Lee Chuen Yang, who each hold 20 per cent.
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