To The Moon

$SingPost(S08.SI)$  

I'm taking a cautious stance on SingPost despite its 13% YTD gain. While the stock has rebounded impressively from the December scandal, the continued wave of executive resignations raises serious concerns about stability. Leadership turmoil can cripple decision-making and slow down critical business transformations. With five more key executives stepping down this week, I see potential for further volatility. While logistics demand remains strong, execution is key—and without a solid leadership team in place, I'm not convinced that SingPost can capitalize on industry growth effectively.

That said, I do see an opportunity if SingPost can bring in the right leadership to restore investor confidence. If they follow Starbucks' $Starbucks(SBUX)$   playbook of hiring proven industry experts, they could turn things around. In my view, bringing in an executive from J&T Express $J&T EXPRESS-W(01519)$   would make the most sense. J&T has built a reputation for efficiency, and someone with experience in their operations could help streamline SingPost's logistics network. Alternatively, an Amazon $Amazon.com(AMZN)$   logistics expert could be valuable, especially if they accelerate innovation in last-mile delivery.

For now, I'm staying on the sidelines and watching how SingPost navigates this leadership transition. If the stock pulls back further and the company demonstrates a concrete turnaround plan, I'd reconsider my position. However, given the uncertainty and past mismanagement, I prefer to wait for signs of real stability before making a move. History might repeat itself with another sharp rebound, but I'd rather invest with confidence than chase short-term price swings.

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