Market SnapshotSingapore stocks opened lower on Thursday. STI down 0.3%, SingPost up 2%, Olam up 1.7%, Nio up 1%.Stocks to Watch $Koh Bros(K75.SI)$: Its wholly owned subsidiary bagged a S$313.9 million contract from the Land Transport Authority to design and construct a bus depot in Lorong Halus. Works will begin on Jan 6, 2025, and are expected to be completed by 2029. With the addition of the bus depot contract, on top of other recently secured orders, the group currently has an order book of about S$899.7 million, said the company on Wednesday. The counter closed 2.3 per cent or S$0.001 higher at S$0.044 on Tuesday. $ComfortDelGro(C52.SI)$: The land transport operator is among several taxi and ride
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?
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