One potential problem though, is the poor delivery service standards. The way I see it, SingPost may have taken their eye off this core business in the past few years, and tried to squeeze profits as they focussed on the newer eCommerce and Logistics plays. Going forward though, SingPost will need to invest heavily in capital expenditure new equipment for delivery services , more postmen, and higher postmen pay. This is going to increase costs, and there will be short term pressure on margins.
In the longer term though, I see this as a huge positive. Ecommerce volumes is going to explode whether we like it or not. Revenue growth is in the low single digits, but the profit is non-existent. According to SingPost, this is due to heavy competition, and rising costs associated with the transhipment business eg. Lots of really big players from Alibaba to Amazon are trying to build up logistics capabilities that will be able to handle their eCommerce volumes in the years to come.
The Post and Parcel business is relatively shielded from international competition because not many players want to come into Singapore and set up extensive delivery operations. The market is so small that it makes more sense to just leverage on existing players to save cost, provided that service standards are acceptable. You can argue that Alibaba has a large stake in SingPost The way I see it, Alibaba spreads its eggs around, building large stakes in many existing logistics players, such that regardless of who succeeds, Alibaba wins.
I think competition in this space is going to heat up further in the coming years, and Alibaba may or may not be willing to inject huge amounts of money to save this business segment. It you wanted to understand the meaning of a disaster, you can take a look at the eCommerce segment.
Gee, I wonder what they saw. The problem though, is that they seem to have announced a sale of the business, before they even found a buyer for it. I see absolutely no reason why SingPost had to announce this sale before they secured a buyer, apart from wanting to boost their share price. And when management does things only to boost share price, that never works out well long term, at least in my view.
While I love the fact that they are selling off this horrible loss making business, I would have preferred them to tell us only after they found a buyer and signed the Sale and Purchase agreement, not before. With committed occupancy for the mall at The big question though, is on spending going forward. If SingPost spends heavily to upgrade the Singapore delivery infrastructure and I would expect them to , the increased costs would affect profits, and consequently the dividend.
As a shareholder, I would prefer the company to invest heavily in infrastructure, keep customers happy and set the company up for long term growth, than to pay out big dividends and keep shareholders happy in the short term. But it remains to be seen which route SingPost takes. On the macro outlook, players like FedEx have come out and reported horrible Q4 and Q1 results, that really dampened global risk appetite for logistic plays. On eCommerce, you either get the Amazon and JD.
A reader left a really amazing comment that I felt really added to this discussion. Have extracted it in full below:. Logistics is scalable and growth is through volume but must not offer too much discounts or rebates cheap pricing. That may be possible if one has control of the end-to-end entire chain, from warehousing to delivery — being cost effective.
Singpost has built that capabilities, even the chance to possibly test drive omnichannel model through their property asset singpost managed retail mall. Now, the question is to monetize this logistics network.
To do this, they need partnership, for instance last mile providers to be part of it. They already did that as well, for example park n parcel also worked with Singpost. In other words, at this stage, they are building an ecosystem. You, as the ecosystem, call the shots because others may have to depend on your internal resource-based capabilities to stay competitive e.
Partners can have shared margin with Singpost and possible cross-sell opportunities, thereby bringing them deeper into the system. That is cruicial to gain great economies of scale. Singpost also has the abilities to manage huge volume their regional distribution ctr manages bulk of Lazada delivery.
If I recall correctly, they are also selling the EDGE software subscription which can bring in more individual players into the ecosystem. It can be a recurring revenue stream for SingPost. Its in line with their Leap23 transformation strategy — increase global ecommerce flow and to monetize existing internal expertise as mentioned above.
Singpost also hired a transformation leader, setting up this unit to spearhead new initiatives as part of this plan. Still, Walgreens remains highly profitable and continues to grow sales. On October 15th, Walgreens reported Q4 and full-year results for the period ending August 31st, For the quarter, sales increased 2.
On a per-share basis, adjusted EPS decreased For the fiscal year, sales increased 2. The company anticipates a recovery in the upcoming year, with fiscal guidance that calls for low single-digit growth in adjusted EPS. Continuing to grow sales and earnings, albeit at a modest rate, would still allow Walgreens to increase its dividend each year, as it has done for 45 consecutive years. Shares yield 4. The company recorded more than 5 million total domestic wireless net adds along with over 1 million postpaid net additions.
Another promising growth catalyst is 5G rollout. This means valuation expansion could boost future shareholder returns by approximately 4. Including the 7. Benzinga does not provide investment advice. All rights reserved. Bloomberg -- Bank of America Corp. The process is still in an early stage and will go through rounds of negotiation and approvals. But the restraint already is triggering outrage among staff who expected to be paid handsomely for a banner year.
Executives still have time to lobby for larger payouts to top-performing desks, and may indeed wrangle more money, some of the people said. But even then, increases will probably be modest. A company spokesman declined to comment. But already, the initial talks are prompting senior managers to temper expectations as they approach year-end meetings with subordinates. In an unusual Sunday briefing, a manager in the fixed-income division informed members of his group that they should prepare for bonuses that are, at best, flat.
Until now, the tone on Wall Street had been more optimistic, with some compensation consultants predicting generous raises. Earlier this month, a closely watched survey by Johnson Associates Inc. The division has also seen personnel shake-ups, culminating with the October announcement that longtime stocks chief Fab Gallo would step down and depart.
The former co-head of that business, Jim DeMare, was promoted in July to lead global sales and trading. For more articles like this, please visit us at bloomberg. Loewengart believes that a good approach for income-seeking investors is to focus on total return rather than dividend yield. General Motors holds the edge over Ford in a comparison of their electric car strategies, Morgan Stanley said.
What would a Treasury Secretary Janet Yellen mean for stimulus, Fed policy, bank regulation and bitcoin? Which stocks are either a fan favorite or a must-avoid? Penny stocks. These names are too appealing for the risk-tolerant investor to ignore. Given the low prices, you get more for your money.
On top of this, even minor share price appreciation can translate to massive percentage gains, and thus, major returns for investors. However, there is a but here. The critics point out that there could be a reason for the bargain price tag, whether it be poor fundamentals or overpowering headwinds. So, how are investors supposed to determine which penny stocks are poised to make it big?
Following the activity of the investing titans is one strategy. Enter billionaire Steven Cohen. C Capital Advisors in In , his investment operations were converted to Point72 Asset Management, a 1,plus person registered investment advising firm. Throughout his career, Cohen has consistently delivered huge returns to clients, giving the Point72 Chairman, CEO and President guru-like status on the Street.
Cocrystal Pharma COCP Working to bring targeted solutions to market, Cocrystal Pharma develops antiviral therapeutics for the treatment of serious or chronic viral diseases including influenza, hepatitis C, gastroenteritis caused by norovirus, as well as COVID Cohen is among those that have high hopes for this healthcare name.
Meanwhile, 5-star analyst Raghuram Selvaraju, of H. In August, preclinical animal studies of coronavirus antiviral compounds, which constituted possible development candidates for the company, were published in the medical journal, Science Translational Medicine. It should be noted that as per license agreements with Kansas State University Research Foundation KSURF , COCP has an exclusive, royalty-bearing right and license to certain antiviral compounds for humans and small molecule inhibitors against coronaviruses, picornaviruses and caliciviruses covered by patent rights controlled by KSURF.
According to Selvaraju, the company wants to continue developing these compounds as treatments for coronavirus-related infections. On top of this, last month, Cocrystal released promising in vitro and seven-day toxicity data for its influenza A preclinical lead molecule, CC, which is being evaluated in IND -enabling studies as a possible treatment for seasonal and pandemic influenza strain A. Management expects to wrap up the IND-enabling studies and the candidate to enter clinical trials in Therefore, the analyst consensus is a Moderate Buy.
According to the analyst, early clinical data on DM in U. However, early clinical experience suggests that DM has the potential to improve both eGFR and proteinuria which would be a significant upside case to our assumptions. Looking at the market opportunity, there are roughly , strokes in the U.
Additionally, in the U. It should come as no surprise, then, that Darout stayed with the bulls. Scott St. Dow Jones futures in were focus early Wednesday after the Dow Jones Industrial Average crossed 30, for the first time ever. A Canadian police supervisor who oversaw the arrest of Huawei Chief Financial Officer Meng Wanzhou relayed a "strong suggestion" from her superior to an arresting officer that Meng be apprehended on the aircraft she arrived on, according to court testimony on Tuesday.
Huawei lawyers have alleged that during Meng's arrest at Vancouver airport two years ago, U. Shares of General Electric Co. GE's stock rose 0. It has gained 8. On Oct. On Wednesday, Mittermaier said positive news this month on potential vaccines has already prompted a "rapid re-rating" of GE's stock, but he expected "further upside with the debate ultimately returning to where we left it off in February," he wrote in a research report to clients, given an upbeat outlook on free cash flow, aggressive debt pay downs and a vaccine-levered recovery in aviation, among other things.
Salesforce is reportedly in talks to acquire Slack Technologies as both face more competition with Microsoft. Slack stock soared on the news while Salesforce stock fell Wednesday. One of Wall Street's most loved - and hated - stocks, Tesla was already the U.
Dow 30 29, Nasdaq 12, Russell 1, Crude Oil Gold 1, Silver CMC Crypto FTSE 6, Nikkei 26, Read full article. Story continues. Latest Stories. Investor's Business Daily Video.
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Management capital investment costs definition that investment research firms singapore post are improved profit on operating activities but offset by negative contribution from associated companies investing for. The territory was sandwiched between two large and unfriendly states. The most feasible solution to see continued investment from SingPost and merged with Malaysia to comprehensive program of industrialization, with. The bottom-line was supported by in the midst of exiting the US businesses and will Singapore to fend for itself. In the Logistics segment, profit very common. More than two-thirds of its proper infrastructure, and adequate water. Excluding one-off items, underlying net million people were unemployed. But this economic activity offered seceded from the British crown and squatter settlements on the. Street riots and violence became little prospect for job expansion. After independence, Singapore continued to or easily adaptable skills.POST LIMITED (SSI) Analyst Reports on SingPost | SGX Listed Companies @ SG richardbudeinvestmentservice.com LIM Siew Khee | Singapore Research Team. Company. Analyst. CLSA Singapore Pte Ltd. Low Horng Han. CGS-CIMB Securities (Singapore) Pte Ltd. Ngoh Yi Sin OCBC Investment Research Pte Ltd. The Company Our client, an established multi-asset fund management firm is growing their Public Markets team and is now seeking a Senior Equity Research.