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SingPost
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SingPost
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cmengchan
Senior |
09-Jun-2023 15:26
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Moving up. I think anticipation on the money losing domestic post business will be decided soon. Might be sold to government, like the SMRT for public transport. I assume all the domestic postal book value should be quite substantial. | ||||
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eddyeddy
Member |
06-Jun-2023 19:11
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They have fat remunerations , why should they rock the boat .Singpost is not much different from CS mentality
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vicloo
Elite |
06-Jun-2023 19:11
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Singpost team-up with lazada quite several years ago before covid.
https://www.logupdateafrica.com/lazada-singapore-shifts-warehouse-operations-to-singpost-regional-ecommerce-logistics-hub-supply-chain
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kandinsky
Master |
06-Jun-2023 17:42
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If what you say is true, then the ceos deserve to be grilled by all their shareholders why their business still like shit.
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Star88
Member |
05-Jun-2023 20:16
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The only strategy is to continue shorting this counter 😊
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CheeryVGoh
Supreme |
01-Jun-2023 17:14
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The worst is not over ??SingPost reviewing commercial sustainability of domestic postal business as FY2023 profit plunges 70.3%THU, MAY 11, 2023 - 08:41 AM
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alvinwong1012
Member |
01-Jun-2023 16:45
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OMG..touching 0.435..all.time low... What are their plans..?everyday touching 52 week low. It a big contrast to the Ali days at $1.80.. | ||||
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mrwise
Supreme |
01-Jun-2023 10:29
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Time for Singpost to answer to all investors on the strategic plan and actions! |
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vicloo
Elite |
31-May-2023 17:02
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Thought singpost partner with lazada since 2017
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kandinsky
Master |
31-May-2023 12:34
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The ceos are just sleeping and plain lazy, anyone would have already thought going into e-commerce and logistics years ago.
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n3wbie
Elite |
31-May-2023 08:50
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They still have Alibaba as a strategic investor from before - potentially evolving into more of an e-commerce logistics play? That would be a much more exciting direction and future for the business.
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Tanahkow
Senior |
31-May-2023 08:02
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Yes, I Think, very soon, Singpost will do national service and send their postal business to Temasek but Singpost may evolve into something else
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n3wbie
Elite |
31-May-2023 07:51
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The BT article is a familiar reminder of SMRT and SPH... | ||||
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n3wbie
Elite |
31-May-2023 07:50
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BT - It may be time for SingPost to hand over some or all of its domestic postal obligations to the state |
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mrwise
Supreme |
31-May-2023 02:05
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Be careful of the big wave up! Strategic review status coming soon.....Hope to see it relist or new strategic partner! |
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john_ric
Supreme |
31-May-2023 00:17
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Dont be surprised if it becomes a penny stock. | ||||
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shk363
Master |
30-May-2023 23:48
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20 cts should be coming soon | ||||
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mav1ryan
Veteran |
30-May-2023 17:02
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This is the counter that we should not touch, with PE ratio of 74, and yet giving away ~3% dividends, I hardly can imagine how sustainable is this, plus the fact that quick ratio is near 1... The moment it goes below 1, sibei jialat liao.
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cmengchan
Senior |
30-May-2023 16:42
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Could not understand the legal jargon. What exactly doesnthis mean in layman' s terms? |
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Joelton
Supreme |
30-May-2023 10:03
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New arbitration brought against SingPost over Famous Holdings share agreement
NEW arbitration proceedings have been commenced against Singapore Post : S08 0% (SingPost) over a share purchase agreement related to Famous Holdings Pte Ltd (FHPL) and its units.
The proceedings were started by Tan Ho Sung in the Singapore International Arbitration Centre, with the notice of arbitration served on May 17, SingPost said in a Monday (May 29) bourse filing.
SingPost and Tan had entered a share purchase agreement in Jan 2013, for the company&rsquo s purchase of all of Tan&rsquo s shares in FHPL. The sale and purchase of 62.5 per cent of the shares in FHPL was completed in Feb 2013. Tan has exercised his put option for the remaining 37.5 per cent of his FHPL shares, but the sale of this portion has not been completed to date.
He is now seeking declarations regarding his purported legal and beneficial ownership of the balance unsold shares and his fiduciary duties to SingPost in respect of the shares.
He also alleges that in the event he is no longer the beneficial owner of the balance shares, SingPost is &ldquo estopped by representation or conduct&rdquo from making a claim against him, the company said in its filing.
Given that Tan&rsquo s action does not include any claim for damages or other monetary relief, &ldquo the potential financial impact of the new arbitration proceedings cannot be quantified at this stage&rdquo , SingPost said.
&ldquo The company is in consultation with its advisors in relation to the dispute with Tan and will make further announcements as and when there are material developments,&rdquo it added.
Tan has had various disputes with SingPost and its units since 2017. He previously commenced arbitration proceedings against SingPost Logistics Investments (SPLI) and FHPL, claiming a purported entitlement to dividends under the balance unsold shares.
All his claims against SPLI and FHPL in the arbitration were dismissed, as SingPost announced on Apr 4.
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