bernardtayet
2024-12-30
Most tends to see Sing post as a mail or letter delivery organisation.  This is its origin as a postal service. Today it is not. It offers services to e-commerce and related services. A new CEO and a team of new management staff may be able to develop new strategies and vision to transform the business, like Starbucks and locally like Comfort Delgro from a taxi company to an international transport entity. Sing Post may be a global logistics players with a new management team.

I am optimistic about this organisation once a new CEO is hired to lead it with a new vision. Its share price will rise.

Just a personal perspective only.  I may be proven wrong.

SingPost -10% on CEO Dismissal: Can It Rise From the Ashes?
On December 22, Singapore Post issued a statement announcing the dismissal of CEO Vincent Phang, CFO Vincent Yik, and Head of International Business Li Yu after investigating reports received earlier this year. Following the announcement, Singapore Post's stock plunged by 10% on the same day. Many users in Singapore have complained about poor service quality from the company. -------------- Do you think this round of dismissals will improve Singapore Post’s business operations? Would you consider buying the dip? Which postal service company do you prefer to use?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Hunter Brown
    2024-12-31
    Hunter Brown
    I think so too! In fact, SingPost has already started rebounding recently. The dismissals were likely the worst news already.
    • bernardtayet
      Thank you for similar perspective. The share prices had gone up further today. It was reported to pay special dividends once non core assets are disposed off.
  • Tanakaken
    01-01
    Tanakaken
    But isn't selling off the Oz freight handling biz contrary to the aspired new biz directions you mentioned?
  • Tanakaken
    01-01
    Tanakaken
    The only new biz strategy that has been hinted at is that it intends to be asset light!
Leave a comment
4
13