📧 📧 📧 It was a pleasure to speak with GCEO and GCFO of Singapore Post, Mr. Vincent Phang and Mr. Vincent Yik yesterday on Securities Investors Association (Singapore) Corporate Connect supported by SGX Group. In its latest Strategic Business Review announcement, SingPost's GCEO and GCFO outline their plans to transform SingPost from a "National Postal Service Company" to a "Pure-play International Logistics Enterprise". SingPost will be regroup into 3 Business Units: Singapore, Australia and International. This will help the group realise its potential market value which the board recognise that the “current share price does not appropriately reflect the intrinsic value of the company.” And this is apparent considering the value of the SingPost Centre which is unleveraged, and has a higher value then SingPost’s Market Cap. But in my opinion, the group’s Australia Business is where SingPost’s Growth Potential is. Looking at its unaudited financials with Border Express Pty Ltd, the Australia Business revenue would be more than 5x that of Singapore! Making SingPost no longer just a Singapore Postal Company. The acquisition and merger of Border Express Pty Ltd and CouriersPlease will make SingPost a Top 5 Logistics Player in Australia! where its integrated logistics market forecast is expected to reach US$129bn by 2028. Investors should now look at SingPost as an established Leading International eCommerce Supply Chain and Logistics Operator with 85% of its revenue generated overseas and this would make you rethink what kind of value SingPost can bring with its Strategic thrusts over next 3 years! Since the announcement, SingPost's share price has risen close to 10% this week and that's a testament to the positive reception the market is giving to the group's strategic plans. I would like to thank Mr. Vincent Phang and Mr. Vincent Yik for taking time out of their busy schedule to share SingPost's Strategic Plan with us and do look out for their latest business initiatives which they will be rolling out in the coming months. Special thanks to Selena Chong for helping us to arrange this webinar! 💌 💌 💌 #SingPost #SIAS #CorporateConnect #SGX #Singapore #Australia #International
📽 Missed the Corporate Connect Event with SingPost? No worries, catch the replay now at https://bit.ly/3IRnGSU! 🌐✨ 🔍 Key Insights: Q&A Session: Your Questions Answered, moderated by Mr Sunny Soh, Lead Technical Analyst, Capital Markets & Investor Education, SIAS SingPost Corporate Presentation by Mr Vincent Phang, Group Chief Executive Officer and Mr Vincent Yik, Group Chief Financial Officer 🚀 Why Rewatch? Get a second chance to delve into SingPost's potential. Explore expert perspectives, company-related discussions, and exclusive insights for building a robust investment portfolio. 🤝 Let's Relive and Learn from this Exceptional Corporate Connect! 🌐📊 #InvestSmart #CorporateConnect #SingPost #FinancialWisdom
Group CEO Singapore Post
7moThanks Sunny Soh for hosting the webinar for us to share our vision!