I would have to disagree with the statement about Amazon direct shopping.
Amazon provides free shipping to Singapore...but not on many of the products. A large number of products are not allowed to be shipped to foreign addresses. They can only ship to U.S. addresses.
This is where Singpost comes along with the multiple online stores in U.S. that sell items that are not sold by Amazon.
(13-11-2014, 01:35 PM)specuvestor Wrote: [ -> ]I agree with CF. Singpost don't have the shopfront. Their pathetic singpost shopping mailer is a disgrace. With Amazon shipping direct to Singapore, Vpost in US is virtually dead. Their strategy should be to partner with the retailers rather than try to partner with the consumer who are more interested in short term rather than long term value propositions.
But they can conceivably have a win-win deal with BABA for South East Asia delivery.
(13-11-2014, 01:35 PM)specuvestor Wrote: [ -> ]I agree with CF. Singpost don't have the shopfront. Their pathetic singpost shopping mailer is a disgrace. With Amazon shipping direct to Singapore, Vpost in US is virtually dead. Their strategy should be to partner with the retailers rather than try to partner with the consumer who are more interested in short term rather than long term value propositions.
But they can conceivably have a win-win deal with BABA for South East Asia delivery.
Mr. Market is pretty optimistic on the prospect of BABA partnership, the share price is approaching $2 mark now.
(not vested)
Talking To: SingPost CEO Wolfgang Baier
Published on Nov 25, 2014 6:56 AM
SingPost CEO Wolfgang Baier. -- PHOTO: THE BUSINESS TIMES
By Marissa Lee
SINGAPORE - The traditional postal service is a dying business - Singapore Post estimates that even Santa Claus receives no more than 100 letters from here each year.
But the urgency brought on by declining mail volumes is the very force that has pulled the team at SingPost together as they embarked on their "transformation for survival", says group chief executive Wolfgang Baier.
You've led the transformation at SingPost since 2011. Why transform?
All across the world, postal players have declining revenues, declining profits. The whole business model is challenged by e-substitution, by new competitors coming into the parcel space.
So we're actually transforming for survival.
We want to become a regional leader in e-commerce and logistics. We are going to integrate the postal services into the new economy.
SingPost invested S$45M to upgrade its sorting machines, enabling them to deliver an even more efficient and better service. The new sorting machines will increase mechanisation rate in the sorting process, thereby reducing human reliance and enhancing accuracy. -- PHOTO: SINGAPORE POST
How did employees react to the change in direction?
The first reaction is that people have heard the word transformation before, but they don't take it seriously. So we did a lot of communications.
One of the first things we did was to put in place a dedicated e-commerce unit fronting all our interactions with e-commerce players across the region.
It was something completely new for a postal service provider, so people said, "Wow, they're really changing!"
What was your biggest challenge?
You push as hard as you can and then core revenues come down, and it looks to the outside world as if everything is the same.
The biggest challenge is to keep everyone motivated when you have an industry challenge. When you want to keep people motivated in a challenging situation, they need to be empowered to take risks.
SingPost has rolled out more than 70 POPStations islandwide. It will install more than the targeted 100, going by the great response to this convenient and secure 24/7 self-collection parcel stations. -- PHOTO: SINGAPORE POST
What remains to be done?
I think the transformation of a postal company into a logistics company will never end, but it's in phases. We've gone through the first phase of fixing the basics and getting things together. Now we need to build and strengthen our depth in those e-commerce and logistics pillars.
The company logistic network has extended to Australia...
Singapore Post to pay $105 million for Australian delivery firm
SINGAPORE (Dec 3): Singapore Post ( Financial Dashboard) is expanding its reach Down Under with a A$95-million ($105-million) acquisition of Couriers Please Holdings, an Australia-based parcel delivery company.
The acquisition will be carried out by Sydney-based Quantium Solutions (Australia), SingPost's wholly owned unit, which operates in 12 countries in Asia-Pacific and has access to more than 220 countries worldwide, the postal company said in a statement this morning.
Couriers Please, now owned by New Zealand Post Group, is one of a few operators in Australia with national coverage, with a network of 575 franchisees.
SingPost will fund the purchase using cash.
...
http://www.theedgemarkets.com/sg/article...ivery-firm
Kiwis blur meh?
NZ Post sells Australian courier business
AAP DECEMBER 03, 2014 1:30PM
New Zealand Post has sold its Australian Couriers Please business to Singapore Post for $A95 million.
The unconditional deal between the state-owned enterprise and the Australian subsidiary of Singapore Post was signed on Wednesday, and is expected to be completed on December 15, NZ Post said in a statement.
NZ Post kept the unit's assets and liabilities confidential in its 2014 annual report as a result of the decision to sell it, and had previously valued the courier firm's goodwill at $NZ38.2 million ($A35.56m) and its brands at $NZ21.6m as at June 30, 2013.
"The Couriers Please business has performed extremely well and been a highly successful investment for New Zealand Post, increasing in value on the strength of a clear strategy and its trading performance since we bought it outright in 2012," chief executive Brian Roche said.
"New Zealand Post will use the proceeds to invest in our business transformation in New Zealand as part of our five-year strategy."
Couriers Please operates metropolitan delivery, with about 570 couriers and more than 130 staff.
The transaction has been approved by the Australian Foreign Investment Review Board.
NZ Post has been streamlining its business in recent years as it contends with shrinking mail volumes in an increasingly digital world, laying off staff and reducing its physical store footprint.
At the same time, the group has targeted earnings growth from its Kiwibank unit, which it expects will start delivering returns after a decade of aggressive pricing to build market share.
(03-12-2014, 10:05 AM)CityFarmer Wrote: [ -> ]The company logistic network has extended to Australia...
Singapore Post to pay $105 million for Australian delivery firm
SINGAPORE (Dec 3): Singapore Post ( Financial Dashboard) is expanding its reach Down Under with a A$95-million ($105-million) acquisition of Couriers Please Holdings, an Australia-based parcel delivery company.
The acquisition will be carried out by Sydney-based Quantium Solutions (Australia), SingPost's wholly owned unit, which operates in 12 countries in Asia-Pacific and has access to more than 220 countries worldwide, the postal company said in a statement this morning.
Couriers Please, now owned by New Zealand Post Group, is one of a few operators in Australia with national coverage, with a network of 575 franchisees.
SingPost will fund the purchase using cash.
...
http://www.theedgemarkets.com/sg/article...ivery-firm
(03-12-2014, 05:41 PM)greengiraffe Wrote: [ -> ]Kiwis blur meh?
NZ Post sells Australian courier business
AAP DECEMBER 03, 2014 1:30PM
New Zealand Post has sold its Australian Couriers Please business to Singapore Post for $A95 million.
The unconditional deal between the state-owned enterprise and the Australian subsidiary of Singapore Post was signed on Wednesday, and is expected to be completed on December 15, NZ Post said in a statement.
NZ Post kept the unit's assets and liabilities confidential in its 2014 annual report as a result of the decision to sell it, and had previously valued the courier firm's goodwill at $NZ38.2 million ($A35.56m) and its brands at $NZ21.6m as at June 30, 2013.
"The Couriers Please business has performed extremely well and been a highly successful investment for New Zealand Post, increasing in value on the strength of a clear strategy and its trading performance since we bought it outright in 2012," chief executive Brian Roche said.
"New Zealand Post will use the proceeds to invest in our business transformation in New Zealand as part of our five-year strategy."
Couriers Please operates metropolitan delivery, with about 570 couriers and more than 130 staff.
The transaction has been approved by the Australian Foreign Investment Review Board.
NZ Post has been streamlining its business in recent years as it contends with shrinking mail volumes in an increasingly digital world, laying off staff and reducing its physical store footprint.
At the same time, the group has targeted earnings growth from its Kiwibank unit, which it expects will start delivering returns after a decade of aggressive pricing to build market share.
(03-12-2014, 10:05 AM)CityFarmer Wrote: [ -> ]The company logistic network has extended to Australia...
Singapore Post to pay $105 million for Australian delivery firm
SINGAPORE (Dec 3): Singapore Post ( Financial Dashboard) is expanding its reach Down Under with a A$95-million ($105-million) acquisition of Couriers Please Holdings, an Australia-based parcel delivery company.
The acquisition will be carried out by Sydney-based Quantium Solutions (Australia), SingPost's wholly owned unit, which operates in 12 countries in Asia-Pacific and has access to more than 220 countries worldwide, the postal company said in a statement this morning.
Couriers Please, now owned by New Zealand Post Group, is one of a few operators in Australia with national coverage, with a network of 575 franchisees.
SingPost will fund the purchase using cash.
...
http://www.theedgemarkets.com/sg/article...ivery-firm
Do anyone have any financial info about this company Couriers Please. Is it profitable or in debt? What is SingPost valuation of it and will it drain its cash and ability to sustain the dividend. This is primarily a logistic company and nothing mentioned about it as an e-com logistics. SingPost is trying to grow their reach fast into the region and this should be the main reason. How it integrate with their e-com logistics remain to be seen. Not vested.
http://www.couriersplease.com.au/
Given Sing Post's rich valuation and borrowing REIT concept, any acquisitions by Sing Post should be accretive...
Valuation wise will remain a mystery. Neverthless, e-fulfillment should not be confused as an asset light e-retailer/exchange platform...
Any misunderstanding in business concepts will likely result in costly mistakes. Sing Post needs to be a Transformer to survive and hence its not a straight forward growth model that the market has accorded since BABA took a strategic stake.
Vested
Odd Lots / Certificate
Acquisition is by cash. Not sure where the REIT concept comes in.
Singpost is doing the backend grunt job. Any investor thinking they are buying a dot com dont understand the biz
They are delivering the stuff to your doorstep. These things dont get delivered over the internet. Someone has to do the dirty logistics. Question is are they wide and good enough as a trusted platform? I think they have room to improve operationally for a better consumer experience
The result remains the similar, revenue growth from logistic and e-commerce segments, while mail segment fell slowly.
One good news is the redevelopment of Singapore Post Center.
http://infopub.sgx.com/FileOpen/SGXAnn.a...eID=333769
SingPost sees 7.3% rise in 3Q earnings, boosted by logistics and e-commerce business
SINGAPORE (Feb 4): Singapore Post has delivered a 7.3% rise in 3Q earnings to $42.2 million from $39.7 million a year ago.
This translates into basic earnings per share of 1.794 cents for 3Q.
Revenue for the quarter rose 7.6% to $239.6 million from $222.6 million, underpinned by contributions from logistics and e-commerce related activities.
Revenue in the Mail segment fell 2.3% to $130.1 million as a result of lower contributions from domestic mail and international mail.
Logistics revenue grew 20.7% to $122.1 million with better contributions by the business lines.
...
http://www.theedgemarkets.com/sg/article...e-business