Some analysts are recommending a buy anticipating sale of SingPost Centre and possible new mgt initiatives but at last AGM, shareholders were not informed of any plans. Indeed the sale of their Australian subsidiary purely for short term shoring up of the P/L is a strategic miscalculation
The subsidiaryhad some synergy with it's key biz and should have been retained. Previous mgt did little to harness the potential for allied logistics biz when Alibaba bought a substantial stake in SingPost. In the end Alibaba reduced it's stake.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
