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stockwatch8877 Senior	05-Aug-2026 00:54        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SingPost revenue can be affected if the third party vendors are doing the postal services. SingPost should delisted from SGX, as you can see the shares price is hamper down to 33 cents or even more. It is embarrassing to see the deminishing stocks value of the government listed company.. The government should take over SingPost and SingPost removed from SGX. Joelton      ( Date: 04-Aug-2026 09:35) Posted: Would a postal financing framework deliver a solution to SingPost&rsquo s woes? [SINGAPORE] Ordinarily, when a portion of or the whole business is facing structural decline or persistently making losses with little prospect of a turnaround, the owner will likely discontinue it to maximise profitability or ensure corporate survival. However, the case is not so straightforward when the business is licensed to provide public utilities such as train services or mail delivery. This is the difficult position that Singapore Post (SingPost) : S08 +1.47% finds itself in, being the holder of a public postal licence that will expire only on Mar 31, 2037. Both its delivery-related segments were in the red for the financial year ended Mar 31, with the post office network as well as the logistics and letters segments recording S$10.7 million and S$6.1 million in operating losses, respectively. Some shareholders at the recent annual general meeting voiced their unhappiness over subsidising the cost of mail delivery. One called on the board to negotiate with the government for the company to be paid for providing the national service. The shareholder cited transport operator SMRT, which had its operating assets acquired by the government and was assured of a certain level of profitability for running train services, instead of having to depend on fare income. Chairperson of the board Teo Swee Lian replied that the national postal service provider has been &ldquo talking to the government&rdquo , but that she could not disclose details of the confidential discussions &ldquo until and unless the government has decided that it wants to reveal it&rdquo . Another way of working Let&rsquo s hypothetically assume that the Singapore government applies to SingPost a similar version of the New Rail Financing Framework under which SMRT is operating. Under the framework, SMRT&rsquo s operating assets were transferred to the government at net book value. It can earn an average earnings before interest and taxes &ndash or Ebit &ndash margin of 5 per cent, but pays the government a licence fee to operate the train lines. The fee rises in tandem with the level of profits. If ridership turns out much lower than projected and the financials of SMRT are hit as a result, the government shares some of the shortfall in fare revenue and profits. Conversely, if profits outperform expectations, there is a greater component of profit-sharing, by which the operator will pay an increased licence charge which is channelled into the Railway Sinking Fund. Could the model for SingPost operate along the same lines? The government acquires all the mail and logistics assets at net book value. The company carried its property, plant and equipment at net book value of S$295.6 million as at the end of FY2026. The government will underwrite the postal operating losses. The mail delivery operations and post office network will unlikely be profitable, although SingPost is striving to cut its cost-to-serve by more than 10 per cent. So the government might pay a percentage, say 5 per cent, of the revenue for SingPost to operate, without charging it any licence fee. SingPost currently pays an annual fee based on 0.4 per cent of the yearly audited gross turnover from the provision of public postal services, subject to a minimum of S$150,000. For not completing the term under the original licence, it could be made to pay S$150,000 for each of the years outstanding. It will be allowed to hold on to its investment assets comprising 13 retail-commercial mixed-use properties, the SingPost Centre and two warehouses. These had a total fair value of slightly above S$1 billion as at the end of the last fiscal year. This would change the national postal and logistics player into a pure property player. It generated a top line of S$80.7 million and an operating profit of S$45.2 million from its property assets segment in FY2026, translating to an operating profit margin of 56 per cent. And, given that revenue in this segment has been steady in recent years, this could be the baseline earnings for SingPost going forward, after the loss-making logistics and letters business is transferred to the government. There could be further upside for the SingPost Centre should the height restrictions in that zonebe lifted after the Paya Lebar Air Base relocates. Reducing debt Also, SingPost will be able to cut its debt if the proceeds from the postal asset sale are used to pare down borrowings of about S$350 million or redeem the S$250 million perpetual securities. It could use the proceeds for any enhancements of SingPost Centre alternatively, to beef up the value of the Paya Lebar building without having to go to shareholders for fresh funds. If, however, SingPost wants to carry on with the e-commerce logistics business, it could negotiate with the government for the use of the state-owned sorting machines and delivery vehicles while providing postal services for free. The government will be responsible for the bottom line of the postal segment, regardless. Another possibility could see SingPost simply divest everything, return capital to shareholders, and transfer the postal workforce to the government together with the postal assets. How the situation will play out is still not clear. However, SingPost&rsquo s financials suggest that a solution will be needed sooner rather than later. Shareholder patience is wearing thin with its stock price being beaten.
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Joelton Supreme	04-Aug-2026 09:35        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Would a postal financing framework deliver a solution to SingPost&rsquo s woes? [SINGAPORE] Ordinarily, when a portion of or the whole business is facing structural decline or persistently making losses with little prospect of a turnaround, the owner will likely discontinue it to maximise profitability or ensure corporate survival. However, the case is not so straightforward when the business is licensed to provide public utilities such as train services or mail delivery. This is the difficult position that Singapore Post (SingPost) : S08 +1.47% finds itself in, being the holder of a public postal licence that will expire only on Mar 31, 2037. Both its delivery-related segments were in the red for the financial year ended Mar 31, with the post office network as well as the logistics and letters segments recording S$10.7 million and S$6.1 million in operating losses, respectively. Some shareholders at the recent annual general meeting voiced their unhappiness over subsidising the cost of mail delivery. One called on the board to negotiate with the government for the company to be paid for providing the national service. The shareholder cited transport operator SMRT, which had its operating assets acquired by the government and was assured of a certain level of profitability for running train services, instead of having to depend on fare income. Chairperson of the board Teo Swee Lian replied that the national postal service provider has been &ldquo talking to the government&rdquo , but that she could not disclose details of the confidential discussions &ldquo until and unless the government has decided that it wants to reveal it&rdquo . Another way of working Let&rsquo s hypothetically assume that the Singapore government applies to SingPost a similar version of the New Rail Financing Framework under which SMRT is operating. Under the framework, SMRT&rsquo s operating assets were transferred to the government at net book value. It can earn an average earnings before interest and taxes &ndash or Ebit &ndash margin of 5 per cent, but pays the government a licence fee to operate the train lines. The fee rises in tandem with the level of profits. If ridership turns out much lower than projected and the financials of SMRT are hit as a result, the government shares some of the shortfall in fare revenue and profits. Conversely, if profits outperform expectations, there is a greater component of profit-sharing, by which the operator will pay an increased licence charge which is channelled into the Railway Sinking Fund. Could the model for SingPost operate along the same lines? The government acquires all the mail and logistics assets at net book value. The company carried its property, plant and equipment at net book value of S$295.6 million as at the end of FY2026. The government will underwrite the postal operating losses. The mail delivery operations and post office network will unlikely be profitable, although SingPost is striving to cut its cost-to-serve by more than 10 per cent. So the government might pay a percentage, say 5 per cent, of the revenue for SingPost to operate, without charging it any licence fee. SingPost currently pays an annual fee based on 0.4 per cent of the yearly audited gross turnover from the provision of public postal services, subject to a minimum of S$150,000. For not completing the term under the original licence, it could be made to pay S$150,000 for each of the years outstanding. It will be allowed to hold on to its investment assets comprising 13 retail-commercial mixed-use properties, the SingPost Centre and two warehouses. These had a total fair value of slightly above S$1 billion as at the end of the last fiscal year. This would change the national postal and logistics player into a pure property player. It generated a top line of S$80.7 million and an operating profit of S$45.2 million from its property assets segment in FY2026, translating to an operating profit margin of 56 per cent. And, given that revenue in this segment has been steady in recent years, this could be the baseline earnings for SingPost going forward, after the loss-making logistics and letters business is transferred to the government. There could be further upside for the SingPost Centre should the height restrictions in that zonebe lifted after the Paya Lebar Air Base relocates. Reducing debt Also, SingPost will be able to cut its debt if the proceeds from the postal asset sale are used to pare down borrowings of about S$350 million or redeem the S$250 million perpetual securities. It could use the proceeds for any enhancements of SingPost Centre alternatively, to beef up the value of the Paya Lebar building without having to go to shareholders for fresh funds. If, however, SingPost wants to carry on with the e-commerce logistics business, it could negotiate with the government for the use of the state-owned sorting machines and delivery vehicles while providing postal services for free. The government will be responsible for the bottom line of the postal segment, regardless. Another possibility could see SingPost simply divest everything, return capital to shareholders, and transfer the postal workforce to the government together with the postal assets. How the situation will play out is still not clear. However, SingPost&rsquo s financials suggest that a solution will be needed sooner rather than later. Shareholder patience is wearing thin with its stock price being beaten.
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Tob231 Elite	02-Aug-2026 19:02        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Noslen, you are so wise. let it slowly deflat 👍 noslen      ( Date: 31-Jul-2026 17:08) Posted: I don't believe in shorting, will prefer to wait for low to buy. Anyway so many companies to invest in while waiting so why need to short. papercut111      ( Date: 31-Jul-2026 16:33) Posted: So pessimistic but don' t dare to short?
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stockpicker Master	01-Aug-2026 17:43        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	A good article on SINGPOST:   will it ever recover https://drwealth.com/singpost-down-80-in-the-last-10-years-can-it-ever-recover/
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Rocket888 Member	01-Aug-2026 17:05        Rocket888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	if you look at SPC ,all the land around it, can build a hospital, and condos, hdb, hotels, it will be another decentralized cbd, the mall is right next to MRT, whih is the central core, at least 2 billion valuation
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noslen Veteran	31-Jul-2026 17:08        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don't believe in shorting, will prefer to wait for low to buy. Anyway so many companies to invest in while waiting so why need to short. papercut111      ( Date: 31-Jul-2026 16:33) Posted: So pessimistic but don' t dare to short?  noslen      ( Date: 31-Jul-2026 16:05) Posted: I am more pessimistic, looking at below 30ct
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stockwatch8877 Senior	31-Jul-2026 16:54        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for selling down the price. It takes a long time for the government to decide the decision. Shorties should grow strong instead. tongphlp      ( Date: 31-Jul-2026 15:31) Posted: meaning can short it or run for your life... stockwatch8877      ( Date: 31-Jul-2026 13:39) Posted: I am right. After the xd, the shares price will drop. The price will drop further after August. 32 cents is the next level. Where are the shorties
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papercut111 Member	31-Jul-2026 16:33        papercut111 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So pessimistic but don' t dare to short?  noslen      ( Date: 31-Jul-2026 16:05) Posted: I am more pessimistic, looking at below 30cts stockwatch8877      ( Date: 31-Jul-2026 13:39) Posted: I am right. After the xd, the shares price will drop. The price will drop further after August. 32 cents is the next level. Where are the shorties
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noslen Veteran	31-Jul-2026 16:05        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am more pessimistic, looking at below 30cts stockwatch8877      ( Date: 31-Jul-2026 13:39) Posted: I am right. After the xd, the shares price will drop. The price will drop further after August. 32 cents is the next level. Where are the shorties? Alignment      ( Date: 30-Jul-2026 07:47) Posted: Yes, if the government want a postal service that provides a more complete service than what market forces can bear that is what they should do. It gives them more flexibility to dictate changes as the business and technological environment inevitably evolves over time (and increasingly quickly)
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tongphlp Supreme	31-Jul-2026 15:31        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	meaning can short it or run for your life... stockwatch8877      ( Date: 31-Jul-2026 13:39) Posted: I am right. After the xd, the shares price will drop. The price will drop further after August. 32 cents is the next level. Where are the shorties? Alignment      ( Date: 30-Jul-2026 07:47) Posted: Yes, if the government want a postal service that provides a more complete service than what market forces can bear that is what they should do. It gives them more flexibility to dictate changes as the business and technological environment inevitably evolves over time (and increasingly quickly)
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stockwatch8877 Senior	31-Jul-2026 13:39        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am right. After the xd, the shares price will drop. The price will drop further after August. 32 cents is the next level. Where are the shorties? Alignment      ( Date: 30-Jul-2026 07:47) Posted: Yes, if the government want a postal service that provides a more complete service than what market forces can bear that is what they should do. It gives them more flexibility to dictate changes as the business and technological environment inevitably evolves over time (and increasingly quickly). stockwatch8877      ( Date: 29-Jul-2026 23:59) Posted: The government should take over SingPost and forget about shooting up the shares price. Delist SingPost and the return the money to the shareholders. The government has been encouraging people to upgrade theirs skills. So now is the good time to do so
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Alignment Elite	30-Jul-2026 07:47        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Yes, if the government want a postal service that provides a more complete service than what market forces can bear that is what they should do. It gives them more flexibility to dictate changes as the business and technological environment inevitably evolves over time (and increasingly quickly). stockwatch8877      ( Date: 29-Jul-2026 23:59) Posted: The government should take over SingPost and forget about shooting up the shares price. Delist SingPost and the return the money to the shareholders. The government has been encouraging people to upgrade theirs skills. So now is the good time to do so. Tob231      ( Date: 29-Jul-2026 09:46) Posted: the tree is sprouting again. all the dead branches have been chopped off and prune all the unhealthy branches. new technology is like fertiliser and manure be patience ...
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stockwatch8877 Senior	29-Jul-2026 23:59        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The government should take over SingPost and forget about shooting up the shares price. Delist SingPost and the return the money to the shareholders. The government has been encouraging people to upgrade theirs skills. So now is the good time to do so. Tob231      ( Date: 29-Jul-2026 09:46) Posted: the tree is sprouting again. all the dead branches have been chopped off and prune all the unhealthy branches. new technology is like fertiliser and manure be patience ...
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Tob231 Elite	29-Jul-2026 10:11        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	volume is very thin. tomorrow is the last day before xd
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Tob231 Elite	29-Jul-2026 09:46        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the tree is sprouting again. all the dead branches have been chopped off and prune all the unhealthy branches. new technology is like fertiliser and manure be patience ...
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ysh2006 Supreme	29-Jul-2026 07:20        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This share may shoot up suddenly if good news come in.....just like can buy HDB don't need wait 15 mths after sell private house ......
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cmengchan Senior	28-Jul-2026 15:25        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Reminds me of Amazon and FedEx relationship. During Amazon growth phase, FedEx (if i recall correctly) benefited with strong revenue growth as much of the e-commerce logistic used FedEx. Eventually when Amazon reached a certain critical volume, it made sense to have its do their own in-house logistic fulfillment. Tob231      ( Date: 28-Jul-2026 07:24) Posted: Alibaba exited SingPost because it owns an independent logistics entity, Cainiao Network.  Its exit has already brought the price to its all time low.  imho, the management has made drastic decision not to sell SPC. right move to allow Capitaland to manage SPC, and still deriving good money from rental income. if i can see it, I am sure many investors out there can identify as well. the ship is already turning around, i am sure it will cross 40c soon  AI single out Singpost with the business model which we are seeing it happening - merging snail mail into E-commerce, automation and so forth. Tob231      ( Date: 26-Jul-2026 22:30) Posted: wondering which countries is not facing this issue. google ... the result is snail mail is losing money globally. when comparing global postal rates to SG. SG remains one of the cheapest places in the world to send standard local letters The postal services that are surviving&mdash including SingPost&mdash are utilizing a highly specific multi-step playbook to pivot their business models  1. Merging Snail Mail into E-Commerce 2. Investing Heavily in Automation 3. Monetising Prime Real Estate 4. Hybrid Mail (Digital-to-Physical) 5. Transitioning to " Value-Added" Mail Singpost is not too bad, moving in the right direction. there is hope
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Tob231 Elite	28-Jul-2026 07:24        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alibaba exited SingPost because it owns an independent logistics entity, Cainiao Network.  Its exit has already brought the price to its all time low.  imho, the management has made drastic decision not to sell SPC. right move to allow Capitaland to manage SPC, and still deriving good money from rental income. if i can see it, I am sure many investors out there can identify as well. the ship is already turning around, i am sure it will cross 40c soon  AI single out Singpost with the business model which we are seeing it happening - merging snail mail into E-commerce, automation and so forth. Tob231      ( Date: 26-Jul-2026 22:30) Posted: wondering which countries is not facing this issue. google ... the result is snail mail is losing money globally. when comparing global postal rates to SG. SG remains one of the cheapest places in the world to send standard local letters The postal services that are surviving&mdash including SingPost&mdash are utilizing a highly specific multi-step playbook to pivot their business models  1. Merging Snail Mail into E-Commerce 2. Investing Heavily in Automation 3. Monetising Prime Real Estate 4. Hybrid Mail (Digital-to-Physical) 5. Transitioning to " Value-Added" Mail Singpost is not too bad, moving in the right direction. there is hope
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stockwatch8877 Senior	28-Jul-2026 06:20        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	After 3 days, the share price will drop to 32 cents next week. I think Jack Ma of Alibaba left SingPost because he knew SingPost was not making enough profit. SingPost management said that it will take 3 years to see the results. No one knows the future, it is good to wait for the share price to drop further. Three years is too long to know the results.
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Tob231 Elite	27-Jul-2026 19:22        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SingPost reversed its prior plan and decided to keep and enhance its flagship SingPost Centre (SPC). The building is not for sale, with CEO Mark Chong citing strong rental yields, high occupancy, and future redevelopment potential. BT It is a bold move for the management to reverse its prior plan.  Left 3 days before XD
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