SingPost: Sold its 60% stake in Japan Self Storage for $2.4m and booked a $1.6m disposal loss, which confirms the impairment risk of the massive $579m goodwill in its balance sheet. MKE' s last rating was a contrarian Sell with TP of $1.29.
DYODD...
Jumping up....
postive
POST Luxembourg and Singapore Post ink eCommerce logistics collaboration
Customers of POST Luxembourg and SingPost will benefit from comprehensive end-to-end eCommerce logistics solutions between Asia and Europe
Mr Sam Ang, Chief Executive Officer of Quantium Solutions, and Mrs Hjoerdis Stahl, Director of POST Courier, sign a strategic collaboration agreement between POST Luxembourg and SingPost to provide comprehensive end-to-end eCommerce logistics solutions between Asia and Europe.
Singapore and Luxembourg, 31 August 2016 &ndash POST Luxembourg and Singapore Post Limited (SingPost) today signed a strategic collaboration agreement to provide comprehensive end-to-end eCommerce logistics solutions between Asia and Europe. Come end-September 2016, POST Luxembourg will be a new European gateway for SingPost and SingPost will be POST Luxembourg&rsquo s new gateway to Asia. With this, customers of POST Luxembourg and
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SingPost can expect better and faster delivery of eCommerce shipments between the two continents.
The collaboration will strengthen POST Luxembourg&rsquo s logistics business, as part of a strategy to diversify its activities, by developing new customers and services. It will enhance growth and optimisation of SingPost&rsquo s eCommerce logistics capabilities in Europe.
Both POST Luxembourg&rsquo s and SingPost&rsquo s customers will enjoy end-to-end tracking of eCommerce shipments. Delivery times will also be more predictable. All of these are expected to increase customer satisfaction.
Mr Mervyn Lim, Covering Group Chief Executive Officer of SingPost, said: &ldquo Our collaboration with POST Luxembourg will boost our presence, capabilities and eCommerce logistics network in Europe. POST Luxembourg&rsquo s strategic location in the heart of the continent, and its excellent relationship with the customs authorities, will benefit our customers and their businesses. This collaboration underscores SingPost&rsquo s strength in forging close working ties with partners around the world that enhance our global eCommerce logistics ecosystem.&rdquo
Mr Claude Strasser, Chief Executive Officer of POST Luxembourg, said: &ldquo It was important for us to find a strategic partner covering the entire Asian territory. We will benefit from SingPost&rsquo s access to the Asian market and it allows us to attract European eCommerce customers with a true value proposition.&rdquo
It is growing from strength to stength. I think good time to enter.
Latest news. I' m not vested but thought i woud share coz a lot of mom and pop holders need to know before they get caught.
GLOBAL mutual funds bought more Singapore stocks than they sold in the three months leading up to Aug 24.
Based on transactions in the top five stocks, there were net buys of S$942.2 million, compared to net sells of S$604.6 million. This week, we look into the utilities and transportation segment of stocks. Here based on the top five stocks, net sells of S$139.8 million outpaced net buys of S$38.9 million. The top stock among the sells was Singapore Post with a sell volume of S$41.1 million. The top stock among the buys was Hutchison Port Holdings Trust with a volume of S$20.7 million.
guess they just used Alibaba' s entry price!
They did not explan how they reach the TP.
Singapore Post | HoldTarget price: S$1.42
Aug 29 close: S$1.365
OCBC Investment Research, Aug 29
EVER since SingPost' s annual general meeting in mid July, the stock has been retreating and has lost about 12.7 per cent of its value ever since. In our view, this could be partly due to the group' s official statement that it will be reviewing its dividend policy to ensure there is a clear link to underlying earnings, which we believe is a prudent and responsible move on the company' s part. Recall that the group paid out a S$0.07/share dividend for FY15 and FY16 before this, it was paying out S$0.0625/share dividend for about eight years. Should the group continue with its S$0.07/share dividend, this would translate to about a 100 per cent payout ratio for FY17. We await management' s announcement on the dividend policy, while noting Singtel' s payout ratio of 60-75 per cent of underlying net profit. Meanwhile, the stock is now trading below Alibaba' s entry price for its first investment tranche (S$1.42 in 2014).
They did not explan how they reach the TP.
Singapore Post | HoldTarget price: S$1.42
Aug 29 close: S$1.365
OCBC Investment Research, Aug 29
EVER since SingPost' s annual general meeting in mid July, the stock has been retreating and has lost about 12.7 per cent of its value ever since. In our view, this could be partly due to the group' s official statement that it will be reviewing its dividend policy to ensure there is a clear link to underlying earnings, which we believe is a prudent and responsible move on the company' s part. Recall that the group paid out a S$0.07/share dividend for FY15 and FY16 before this, it was paying out S$0.0625/share dividend for about eight years. Should the group continue with its S$0.07/share dividend, this would translate to about a 100 per cent payout ratio for FY17. We await management' s announcement on the dividend policy, while noting Singtel' s payout ratio of 60-75 per cent of underlying net profit. Meanwhile, the stock is now trading below Alibaba' s entry price for its first investment tranche (S$1.42 in 2014).
Singapore Post | Hold
Target price: S$1.42
Aug 29 close: S$1.365
OCBC Investment Research, Aug 29
EVER since SingPost' s annual general meeting in mid July, the stock has been retreating and has lost about 12.7 per cent of its value ever since. In our view, this could be partly due to the group' s official statement that it will be reviewing its dividend policy to ensure there is a clear link to underlying earnings, which we believe is a prudent and responsible move on the company' s part. Recall that the group paid out a S$0.07/share dividend for FY15 and FY16 before this, it was paying out S$0.0625/share dividend for about eight years. Should the group continue with its S$0.07/share dividend, this would translate to about a 100 per cent payout ratio for FY17. We await management' s announcement on the dividend policy, while noting Singtel' s payout ratio of 60-75 per cent of underlying net profit. Meanwhile, the stock is now trading below Alibaba' s entry price for its first investment tranche (S$1.42 in 2014).
Looking like turning, is it good time to pick up ?
Faster get on the boat....
Shorties will be squeezed soon. stay tuned.
I think 1.30 is possible
$1.42 is the price alibaba bought . So whatever lower than it safe!! You won't be able to catch it at the lowest point de....
