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quasi-monopoly still can make money amid bad service.
(03-04-2014, 10:13 AM)opmi Wrote: [ -> ]quasi-monopoly still can make money amid bad service.
Ha! Ha!
Hit the nail on it's head.
This is uniquely Singapore and KWAI KWAI Singaporeans.
Try it in TAIWAN, HK and even Malaysia--i wonder will it be the same? i.e. "KWAI KWAI ONE". No protest on the street is allowed.
visiting my old posts.......

Seems like I sold at $1.20 a long time ago (2010?)......then the stock went to $0.92 near start of 2012 and all the way to $1.44 now.........

In addition to the $0.1625 worth of dividend......so if I did not sell ,inclusive of dividend, the "price" is $1.6025......

IRR during this period is 8.25% , ultimate question would then be did I beat 8.25%??
PLAY OF THE WEEK
E-commerce proving to be a boon for SingPost

Revenue from international mail up 27% for the year
Published on May 24, 2014 1:25 AM


Ms Lim Ann Nee, vice-president of Singapore Parcel, SingPost at a PopStation self-collection kiosk at Geylang West Community Club. The company is making good progress in the e-commerce space. -- ST PHOTO: DESMOND LIM

By Goh Eng Yeow Senior Correspondent

THE wager Singapore Post has made on e-commerce appears to be paying off.

The stock has surged by as much as 20 per cent over the past two months as investors re-rate its prospects. Yesterday, it ended 2.5 cents down at $1.535 after closing at a record high of $1.56 one day earlier.

The proposed listing of e-commerce giant Alibaba, which owns the consumer-to-consumer portal Taobao, also helps to put the spotlight on the inroads SingPost has been making in helping firms with digital marketing and managing their online stores and payments.

So while SingPost may still be viewed by some investors as an old-style brick-and-mortar firm selling stamps at the neighbourhood post office and delivering mail, its e-commerce business is getting analysts excited.

In analysing the firm's recent full-year results, OCBC Investment Research analyst Low Pei Han wrote: "Revenue from the international mail segment increased 27 per cent for the year, buoyed by strong growth in e-commerce package volumes."

She believes that while SingPost's e-commerce business transformation will take more time and "perhaps more acquisitions", the initiatives are beginning to yield results.

"Backed by a strong balance sheet and stable operating cashflows from its core mail business, the group is able to enhance its logistics network and e-commerce capabilities to cater to the growing industry in the Asia-Pacific region," added Ms Low.

SingPost's stock has also been buoyed by investors seeking to park their funds in an environment awash with liquidity.

"Given its consistent dividend payout of 6.25 cents a year, we believe that investors may continue to seek refuge in the stock as long as the dividend yield remains decent," said Ms Low.

Likewise, CIMB analyst Jessalynn Chen noted that SingPost's fourth-quarter revenue growth had been driven by e-commerce and recent acquisitions.

She also observed that SingPost "is showing promising signs of progress in the e-commerce space, with over 600 e-commerce customers now, or double last year's 300".

Quantum Solutions, SingPost's vehicle for e-commerce logistics growth, had recently set up a joint venture in Indonesia to provide warehousing and freight forwarding services while another unit, Lock+Store, will introduce its self-storage services in Malaysia soon.

And with a net cash position of $170.3 million, SingPost is in the position to make further acquisitions in the e-commerce logistics sector, she added.

Meanwhile, UOB Kay Hian analyst Andrea Isabel projects SingPost's e-commerce related businesses will grow between 10 and 15 per cent annually. The group's e-commerce customers include global brands such as Adidas, Canon, Philips and Toshiba.

"As we expect e-commerce volume to continue to grow, SingPost's regional business will also continue to gain ground as it invests in building its end-to-end commerce logistics solutions network," she added.

engyeow@sph.com.sg

Related Links
application/pdf iconE-commerce sparkle

Background story

STEADY GROWTH

As we expect e-commerce volume to continue to grow, SingPost's regional business will also continue to gain ground as it invests in building its end-to-end commerce logistics solutions network.

- UOB Kay Hian analyst Andrea Isabel, projecting that SingPost's e-commerce related businesses will grow between 10 and 15 per cent annually
Yes, popstation is a good thing.
(24-05-2014, 12:21 PM)violinist Wrote: [ -> ]Yes, popstation is a good thing.

Heart
SingPost requested for trading halt. The company seldom request for trading halt, even for major M&A.

I wonder what is the pending announcement?

(not vested)
Related to Singapore Post Centre?
(28-05-2014, 10:02 AM)edragon Wrote: [ -> ]Related to Singapore Post Centre?

Ah... may be. That should warrant a trading halt. It is a hidden gem of SingPost, which is highly under utilized, IMO

(not vested)
Singapore Post hardly asked for trading halt even when it was making its whole slew of acquisitions of other companies, or changing its senior management, so it has to be something substantial bigger than those.

Out of curiousity, I went to SGX to check the last time it issued a trading halt. I found that they had not done so since 2009.

Curious still, I went to its corporate site which still has SGX announcements made since its IPO in 2003. Singpost last has a trading halt in 2005 where its announced a decision not to proceed with its investment in ACCS, Accord Customer Care Solutions Limited.

So what could be more substantial than that?
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