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SPH gains 0.3%; seen on course for ad revenue recovery

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Singapore Press Holdings (T39.SG) among better performing blue chips as hopes for recovery in advertising expenditure, defensive qualities support, reported Dow Jones Newswires.

Shares up 0.3% at $3.83, with immediate resistance tipped at current 2010 high of $3.85. DBS Vickers notes latest data show total Singapore adex for display and classifieds slipped 0.6% on year in February, but says this due to Lunar New Year seasonality.

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