Singapore Post May be in a Short-term Uptrend to 70 cents until the 29th July last cum-dividend day, within a Long-term Upmove Potential on Asset Divestment Expectations

 

SingPost's balance sheet has morphed over the past two decades:debt has increased a net 16% while cash has more than quadrupled of late compared to 2005

Due mainly to its divestment of an Australian logistics arm, the company has recently turned +ve net-net [ by S$126.739 vs (S$953.925) the previous financial year] accompanied by a reversal from net debt of S$350.39 mil to net cash of S$346.86 mil for perhaps the first time ever & this may foreshadow more dividend payouts beyond the 9 cents special dividend upcoming in less than a month's time, which is likely to propel the price up to a possible 70 cents driven by cash-rich household dividend seekers.

State sovereign fund Temasek used to hold just under 31% via Singtel shortly after its 2005 IPO but now holds a whisker over 22% after appearing to be re-increasing its stake via a 200,000 share purchase in June, while Chinese e-commerce giant Alibaba went the other direction & trimmed its stake from 14.56% to 11.34% at a loss of about S$350 million from its entries of S$1.42 & S$1.74 in 2014 & 2017 respectively, down to its disposal price of 46 cents in June '24. 

If further divestments are made by the company, especially of its huge SingPost Centre landmark with a market value of almost 49 cents per share, the next technical resistance band of 88 - 93 cents could be easily attained, followed by 99.5c!

Risk factors include its low single-digit operating margin & lack of an imminent turnaround in its core postal delivery & logistics businesses.

Miraculous Streak : Koh Brothers scores a FIRST to open a brand new month of July !!! {1 Jul '25}

 

A most improbable 2 foreign [🇸🇬] scorers in a row from the same jurisdiction, with construction co. Koh Brothers debuting after a maiden punt almost 3 years prior that was down virtually the entire time until the price almost doubled within the last few months, allowing my #62 to corral another unbelievable record heading into 60 months of coming full circle in the making!!!