Sunday, July 30, 2017

SingPost (S08):

Latest update as of 21/07/2017 @$1.35:
  • Mr Simon Israel, chairman of both Singapore Post (SingPost) and Singtel, was discharged from hospital at noon on Friday (July 21). 
  • Mr Israel, 63, was hospitalised the morning before, and was therefore absent from SingPost's 25th annual general meeting on Thursday (July 20). The spokesman did not disclose the reason for his hospitalisation. 
  • For more details information, please refer to sources from: 
    - straitstimes.com > SingPost chairman Simon Israel discharged from hospital after missing AGM.

Latest update as of 20/07/2017 @$1.35:
  • CHAIRMAN of SingPost, Simon Israel, was absent from the postal and e-commerce service provider's 25th Annual General Meeting (AGM) on Thursday. 
  • When asked, a spokesman from SingPost would only say that Mr Israel was hospitalised on Thursday morning and "is under observation pending tests". 
  • For more details information, please refer to sources from:
    businesstimes.com.sg > SingPost chairman absent from its 25th AGM. 

Latest update as of 29/06/2017 @$1.32: 
  • Alibaba Group Holding announced that it is investing an additional US$1 billion in Lazada Group, raising its stake from 51% to 83% in the Southeast Asian e-commerce company in an effort to expand its footprint in the region. 
  • Lazada was founded in 2012, and has its headquarters in Singapore which also operates in Indonesia, Malaysia, Thailand, Vietnam, and Philippines. 
  • With the financial support and collaboration, Alibaba has provided Lazada with several benefits, including access to a wider range of merchants and improving its logistics capabilities. 
  • Lazada has been expanding its offerings over the last year, buying Singapore-based online grocer RedMart and tying up with companies such as Netflix and Uber [UBER.UL] for a membership program. 
  • Will this bring positive impact to SingPost as Lazada has its warehouse operation collaborations with SingPost? 
  • In my personal opinion, the e-commerce expansion of Southeast Asia market by Alibaba on Lazada going to bring more business order for Lazada, and this will indirectly involve an expansion of warehouse in order to support the huge business in the future. That could possibly be an opportunity to bring a positive impact to Singpost profits as well. 
  • For more details information, please refer to sources from:
    - wealthinasia.com > Alibaba Pumps US$1 Billion Into Lazada To Fuel Southeast Asian Expansion.
    - reuters.com > Alibaba spending $1 billion to raise stake in Southeast Asia's Lazada.
Latest update as of 17/05/2017 @$1.31:
  • SingPost announced that Lazada Singapore has moved its warehouse operations to SingPost Regional eCommerce Logistics Hub in Tampines Logistics Park.
  • With investments by Alibaba in both companies, the move allows Lazada and SingPost to leverage on each other’s strengths to meet rising eCommerce demand in Southeast Asia. Lazada has been bought over by Alibaba. 
  • The SingPost Regional eCommerce Logistics Hub integrates both warehousing and delivery hub capabilities within one building, enabling SingPost to provide Lazada faster turnaround time.
  • The combination of strengths in e-commerce and logistics will enable both companies - which have each received investment from China's Alibaba - to be in a leading position in the industry to serve a wider spectrum of customers in Singapore and the region, they said in a press release.
  • Although in my previous recap that the company likely will shows positive results in a much longer term of at least 1-2 years time. However in a short spam period with recent news such as Share Buy Back and close joint work with Lazada, I personally thinks that the price will slightly further push up. 
  • Will do a short term trade of within 3 to 6 months, as current price is much lower compare to previous price bought by Alibaba at $1.48. There is still a change for the price to have a slight pull up. 
  • For more details information, please refer to sources from:
    - singpost.com > Lazada Singapore Moves Entire Warehouse Operations to SingPost’s Regional e-Commerce Logistics Hub. 
    - businesstimes.com.sg > Lazada moves warehouse operations to SingPost's regional logistics hub.
    - theedgemarkets.com > Lazada Singapore moves entire warehouse operations to SingPost’s ecommerce logistics hub.

Latest update as of 16/05/2017 @$1.30:
  • SingPost announced a share buy back by way of market acquisition, with amount of 93,000 shares at price around $1.31 ~ $1.32. 
  • Share buyback usually happen when a company believes its stock is undervalued, buying some of it back from the marketplace will have the overall effect of raising its current selling price to one that is more in line with its inherent worth.
  • For more details information, please refer to sources from:
    - sgx.i3investor.com > Share Buy Back - Daily Share Buy-Back Notice.

Latest update as of 15/05/2017 @$1.34:

Latest update as of 29/03/2017 @$1.35:
  • SingPost signed a property management agreement with CapitaLand Mall Asia to manage the retail mall at the new SingPost Centre.
  • CapitaLand will oversee the upcoming SingPost Centre mall.
  • CapitaLand Mall Asia, has signed a contract to manage the upcoming mall at the new SingPost Centre.
  • The tenants at SingPost Centre include NTUC FairPrice, Golden Village, Kopitiam, other retail brands, family entertainment outlets and enrichment centres.
  • For more details information, please refer to sources from straitstimes.com.
 

Latest update as of 07/03/2017 @$1.36:
  • SingPost’s head of e-commerce quits.
  • SingPost is facing another challenge in finding a replacement for one of its senior executives, following the surprise resignation of Marcelo Wesseler as CEO of SP Commerce.
  • Mr Wesseler will assist the company to ensure a transition of duties during his period of notice until June 5, 2017.
  • This will bring a hard time for SingPost, as we knowing that the trend of traditional business of postal operation has to change to an e-commerce based business in order to survive in a competitive future. 
  • For more details information, please refer to news.asiaone.com.
 

Latest update as of 20/02/2017 @$1.38:
  • Alibaba Pictures Group expects to record net loss in the range of RMB950m to RMB1b for the FY16 as compared to a profit of approximately of RMB466.0m for FY15.
  • Group's overall bottom line result for 2016 was primarily impacted by marketing expenses of Tao Piao Piao, which also known as Alibaba's Movie Ticketing Platform. 
  • Since Alibaba's has collaboration with SingPost, will this be indirectly impacting on SingPost share price? 

Latest update as of 13/02/2017 @$1.41:
  • SingPost announced its lower net profit in 3QFY17 due to operating losses in the US eCommerce business, costs related to the new Regional eCommerce Logistics Hub, and a fall in domestic mail volumes.
  • Volume and related expenses were greater than expected, due to higher international mail dues and higher cost of sales and outsourced services related to TradeGlobal and Jagged Peak.
  • An interim dividend of S$0.005/share has been declared, lower than the S$0.015/share dividend last year.
  • Prior to the announcement, its share price drop about $0.09 in a single day.  
For more details information, please refer to sgx.i3investor.com > Singapore Post: Lowers interim dividend further.
 
Latest update as of 06/02/2017 @$1.47: 
  • Singapore Post Limited will be announcing its unaudited results for the third quarter and nine months ended 31st December 2016 on 10th February 2017 after the close of trading. 
For more information, please refer to sources from infopub.sgx.com.


Latest update as of 13/01/2017 @$1.50: 
  • On 8 July 2015, SingPost entered into a second investment agreement with Alibaba Investment Limited, pursuant to which SingPost will issue 107,553,907 ordinary shares in SingPost to Alibaba Investment.
  • On 11 January 2017, completion of the Proposed Issuance took place. Accordingly, Alibaba Investment now holds a direct interest in 327,649,907 Shares. As of 11 January 2017, Alibaba Group Holding Limited holds more than 50% of the shares of Alibaba Investment and SoftBank Group Corp. SoftBank hold more than 20% of the shares of Alibaba Group. By virtue of this, SoftBank has a deemed interest in 327,649,907 Shares, representing approximately 14.42% of the issued share capital of SingPost (based on company announcement dated 11 January 2017 released by SingPost via SGXNET).
  • Below are the quantum of total voting shares/ units held by Substantial Shareholder/ Unitholder:
    singpost-shareholder

    For more details, please refer to sources from:
  • SingTel - infopub.sgx.com
    Singtel.pdf
  • Alibaba - infopub.sgx.com
    Alibaba.pdf
  • SoftBank - infopub.sgx.com
    SoftBank.pdf


Latest update on 12/01/2017
  • SingPost has allotted and issued the New Shares of 107,553,907 Ordinary shares to Alibaba Investment Limited in accordance with the terms of the Second Investment Agreement.

    For details please refer to:
    infopub.sgx.com
    SGX Announcement


Latest update on 29/12/2016
  • Singpost appointment of new Chief Executive Officer (CEO) and director, Mr Paul William Coutts.
  • Mr Coutts is about 60 years old, who has more than 20 years of experience in C-suite positions at major global logistics and postal companies.
    For details, please refer to source channelnewsasia.com
  • Below are the details of the latest history experience of the new CEO Mr. Paul William Coutts in the industries:February 2013 - Present
    Toll Global Forwarding
    Chief Executive Office (Based in Singapore)August 2009 - January 2013
    Toll Global Forwarding
    Global Products, Marketing and Sales Director (COO) (Based in Singapore)January 2007 - August 2009
    DPWN
    Managing Director, Marketing and Sales, Europe, DHL Express (Based in Brussels, Belgium)
    April 2006 - December 2006
    DPWN
    Chief Executive Officer, DHL Global Mail - Europe (Based in Bonn, Germany)
    Chief Executive Officer
    For details, please refer to sources from infopub.sgx.com.
  • The position of Coutts as Group CEO will be officially effective on 1st June 2017.
    For details, please refer to sources from sg.news.yahoo.com.
  • In the past year, SingPost had suffered from severe crisis in management succession, conflicts of interest and disclosures, and processes for mergers and acquisitions and market disclosures. This also caused the share price suffered from public crisis.With the new appointed CEO, I would still wait for a short cooling period for its organization to be stabilized before decide to enter for a BUY on the stock.  

Business Overview: 
For over 150 years, Singapore Post (SingPost) as the country's postal service provider, has been delivering trusted and reliable services to homes and businesses in Singapore.
SingPost has been listed on the Main Board of the Singapore Exchange since 2003.
The Company operates through four segments which comprises of eCommerce Solutions, Logistics Solutions, Mail Solutions and Marketing Solutions (Retail).
The Mail segment provides comprehensive services for collecting, sorting, transporting and distributing domestic and international mail, as well as sale of philatelic products.
The Logistics segment provides a range of logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services.
The Retail & eCommerce segment provides a range of products and services beyond the scope of traditional postal services, including agency services, financial services and front-end e-commerce solutions.

For details please refer to source from sg.finance.yahoo.com
SingPost’s subsidiaries and businesses include: 
  • SP eCommerce, an ecommerce enabler that provides brands and retailers with integrated end-to-end ecommerce solutions 
  • Quantium Solutions which specialises in logistics and fulfilment services to businesses in the Asia Pacific region
  • CouriersPlease, a leading metropolitan express parcel delivery service in Australia
  • Famous Holdings, an established freight consolidator and freight-forwarder with a regional presence in 7 countries
  • Lock+Store, a self-storage operator in Singapore, Hong Kong and Malaysia
  • Speedpost, a leading provider for courier service in Singapore and international shipping to more than 200 destinations across the globe 
  • vPOST, one of the largest online shopping and shipping services providers in Southeast Asia
  • Omigo Marketplace, Singapore’s online marketplace for consumers to shop and for SMEs and international brands to sell online 
  • SAM, a digital mailbox with bill payment services which can be accessed anywhere, anytime.

    For details please refer to sources from SingPost.com

Dividend Payout: 

 SingPost Dividend Yield History
Column Chart Projection of SingPost Dividend Yield

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