05-08-2014, 10:07 PM
I bet my $ that the alibaba factor will eventually sink into the tough business reality. Basically Sing Post needs the e-comm/log to transform and survive. I seriously doubt that growth will be spectacular since its a tough business that requires huge capex like fleet, warehouses and manpower - nothing different to traditional mail but certainly more bulky and less economies of scale...
GG
GG
(05-08-2014, 09:46 PM)CityFarmer Wrote: SingPost was a "Slow Growers", which good dividend yield is the only attraction. Base on the 1Q performance, the company will remain as a Slow Grower, till proven by the e-commerce initiative...
(not vested)
SingPost posts 5.1% higher 1Q net profit of $39.2 mil
SingPost said it posted a net profit was higher by 5.1% at $39.2 million in the first quarter of FY2014/15 (1QFY14/15), compared to $37.3 million in the same quarter last year (1QFY13/14). Excluding one-off items, underlying net profit was flat at $36.2 million.
...
http://www.theedgesingapore.com/the-dail...2-mil.html