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Biz Times june 26..Valuetronics to expand Post Reply Rate topic
ysh2006 Supreme	18-May-2026 05:11        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SPC no sale maybe need to tear down rebuild like Singtel building ?
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Joelton Supreme	17-May-2026 22:38        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is SingPost grasping at straws? Singapore Post&rsquo s (SingPost) latest set of results yet again reflects the group&rsquo s struggles. For FY2026, SingPost reported earnings of $60.9 million, 75.2% lower y-o-y. Profit from continuing operations was down by 73.6% y-o-y to $62 million, while the group made a loss from discontinued operations of $2.5 million, reversing from the previous year&rsquo s profit of $10.1 million. For the first time, the group has also included the derecognition of aged trade payables, which added $38.1 million to its bottom line. Strip out that line, and the underlying picture looks bleaker. &ldquo These aged trade payables relate to international settlements with overseas postal administrators for international industries. We will now derecognise aged trade payables that exceed a seven-year threshold. This will remove long-standing balances from the current trade payables in the balance sheet, better reflecting the company&rsquo s current financial position,&rdquo says group CFO Isaac Mah. The seven-year threshold stems from the six-year limit that companies have to sue for debt. If a debt owed to a company &mdash or trade payable &mdash has not been acknowledged, paid or pursued legally, it is generally considered &ldquo statute-barred&rdquo . Given the trade cycle of international postal deliveries, which takes about 12 months, the group has decided to take on a &ldquo six plus one&rdquo approach, says Mah. The policy will be applied to SingPost&rsquo s balance sheet moving forward. The group&rsquo s postal business, once its core and most reliable source of cash, is now struggling. Mail volumes have been declining for years and show no sign of reversing. To mitigate the structural decline, SingPost has increased regular domestic postage rates by 10 cents from Jan 1. The increase marks the second rate increase in less than three years, following the rate increase in October 2023. Yet, how much is enough? The group&rsquo s attempts to diversify its business have seen limited success. The e-commerce logistics push saw the bankruptcy of its US subsidiaries and the sale of its Australian business, once the group&rsquo s largest revenue contributor. The sale generated a large, exceptional gain, but left a much smaller company behind. What remains in focus is SingPost Centre, once identified as a non-core asset following a strategic review completed in March 2024. At the time, the building was valued at around $1.09 billion as at Sept 30, 2023. As recently as its FY2025 results briefing in May 2025, Mah reiterated that the building, which generated strong cash flows for the group then, was still deemed non-core to the group&rsquo s operations. That position has changed. On May 14, alongside a strategic update acknowledging previous struggles such as &ldquo structural headwinds&rdquo from declining traditional letter mail volumes and &ldquo early generation technology and systems&rdquo , group CEO Mark Chong stated categorically that the group will be keeping SingPost Centre. &ldquo It is not for sale,&rdquo he told the media. &ldquo SPC (SingPost Centre) remains a crucial part of our portfolio. We&rsquo re retaining it to harvest significant long-term upside for our shareholders.&rdquo Chong, who was appointed to the post in November 2025, adds that the building will benefit from the transformation of the Paya Lebar area, which will &ldquo provide [a] further boost to SingPost Centre&rsquo s asset value and redevelopment upside.&rdquo In the meantime, the group also said that it will conduct an asset enhancement on the building to increase more commercial space, tipped to be completed by mid-2028 or &ldquo hopefully sooner&rdquo . The group has already appointed an architect and works are ongoing, says Mah. On the prospect of nationalisation, Chong said that the lack of announcements means it won&rsquo t be happening. &ldquo No announcement [on nationalisation] means no la.&rdquo In May 2025, Mah had told the media that nationalisation was &ldquo not on the cards&rdquo . The remarks came after former chairman Simon Israel said to &ldquo ask the government&rdquo at a February 2025 media roundtable briefing. At this rate, it looks like business as usual for SingPost. Whether the group is facing a turnaround or a managed decline will be left to shareholders to decide.
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HuatAh7898 Elite	17-May-2026 22:16        HuatAh7898 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very sincerely, Singpost should consider the path taken by Singapore Press Holdings in 2021. Restructure its postal business to be funded by the government. Sell all it' s property assets and businesses and return the proceeds to all shareholders.
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WxWxWx Member	17-May-2026 21:38        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	The strategic response was logical. If Singapore&rsquo s legacy postal business could no longer deliver meaningful expansion, then growth would have to come from somewhere else. BinderyT      ( Date: 17-May-2026 11:26) Posted: You must be sarcastic. People invest in pre-IPO of companies because of strong growth that converts current loss into future profits, like OpenAI or SpaceX. Nobody invest in loss making companies in sunset industries.   Especially when its own management isn' t confident of a turnaround. WxWxWx      ( Date: 16-May-2026 19:42) Posted: How many of us gets to invest in a pre-ipo company before? Pre-ipo companies are usually loss making and its so called healthy balance sheet is funded by rounds of funding which very much includes your money. How many Pre-ipo companies gives u regular updates(well covered by media in 2 different languages and analyst reports from 3-4 broking firms) and lets u go down to touch and feel it? Out of 10,000 companies more than 75% cant meet these 2 critierias. How many Pre-ipo companies hire S& P, Moodys and credit rating companies and auditors to check it? And if the entire operation is located overseas such as efishery, would you still trust the report? On the plus side, the current Singpost is same as a pre-ipo company except that it is still profitable (wont ask shareholders for money), balance sheet is healthy (also not funded by shareholders money who buy it from the market now), allows you to touch and feel it and kowpei any unhappiness on its website, social media etc and any report by auditors/credit raters are more easy to trust. Current Singpost is more for investors who has pre-ipo investing experience.
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investshare Supreme	17-May-2026 17:35        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	A pre ipo company has solutions to a problem. Market needs it. Here SingPost biz itself is a problem. Market needs to get rid of it.
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Tob231 Elite	17-May-2026 15:42        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	exactly lor ... labour intensive. how many are still using snail mails !!! they have to think how to revolutionize mailing to be more efficient and viable. how to have so many postmen on motorbike delivering letters to landed properties ... it is preposterous  maybe a central collection point for landed owners. BinderyT      ( Date: 16-May-2026 17:23) Posted: They have 3 businesses - Logistics/Letter, Post Office Network and Property Assets. First 2 businesses are loss making.   Only Property Assets is generating ALL of their operating profits. If they sell the property and return the money to shareholders, entire SingPost will collapse. investshare      ( Date: 15-May-2026 20:27) Posted: To assure the company can pay out salaries in years to come? If their strategy is to collect rental, might as well sell the property away and return money back to shareholders
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BinderyT Elite	17-May-2026 11:26        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	You must be sarcastic. People invest in pre-IPO of companies because of strong growth that converts current loss into future profits, like OpenAI or SpaceX. Nobody invest in loss making companies in sunset industries.   Especially when its own management isn' t confident of a turnaround. WxWxWx      ( Date: 16-May-2026 19:42) Posted: How many of us gets to invest in a pre-ipo company before? Pre-ipo companies are usually loss making and its so called healthy balance sheet is funded by rounds of funding which very much includes your money. How many Pre-ipo companies gives u regular updates(well covered by media in 2 different languages and analyst reports from 3-4 broking firms) and lets u go down to touch and feel it? Out of 10,000 companies more than 75% cant meet these 2 critierias. How many Pre-ipo companies hire S& P, Moodys and credit rating companies and auditors to check it? And if the entire operation is located overseas such as efishery, would you still trust the report? On the plus side, the current Singpost is same as a pre-ipo company except that it is still profitable (wont ask shareholders for money), balance sheet is healthy (also not funded by shareholders money who buy it from the market now), allows you to touch and feel it and kowpei any unhappiness on its website, social media etc and any report by auditors/credit raters are more easy to trust. Current Singpost is more for investors who has pre-ipo investing experience.
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WxWxWx Member	16-May-2026 19:42        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	How many of us gets to invest in a pre-ipo company before? Pre-ipo companies are usually loss making and its so called healthy balance sheet is funded by rounds of funding which very much includes your money. How many Pre-ipo companies gives u regular updates(well covered by media in 2 different languages and analyst reports from 3-4 broking firms) and lets u go down to touch and feel it? Out of 10,000 companies more than 75% cant meet these 2 critierias. How many Pre-ipo companies hire S& P, Moodys and credit rating companies and auditors to check it? And if the entire operation is located overseas such as efishery, would you still trust the report? On the plus side, the current Singpost is same as a pre-ipo company except that it is still profitable (wont ask shareholders for money), balance sheet is healthy (also not funded by shareholders money who buy it from the market now), allows you to touch and feel it and kowpei any unhappiness on its website, social media etc and any report by auditors/credit raters are more easy to trust. Current Singpost is more for investors who has pre-ipo investing experience.
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WxWxWx Member	16-May-2026 18:55        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Logistics/Letter and Post Office Network burned $13m a year for public shareholders. Public shareholders can write in to IMDA requesting for more help to at least breakeven lah. It can cost $16m to $400m for AEI depending on the scale. I guess that Singpost will keep AEI costs under $100m for Singpost center. The cash at bank goes into AEI for Singpost center and tampines logistics hub. After $30m AEI for tampines, it can be up for another round of AEI because more space is freed up. AEI also needed for all other singpost outlets to convert space into retail or F& B to collect rent.  Not wrong to call this Singpost REIT going forward.
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luckyguy3 Master	16-May-2026 18:19        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	actually Singpost is the best among the delivery services for my online purchase parcel from taobao or shopee etc..always  punctual and usually in the morning. Ninja Van and another cant remember something like SPX always got delay and sometimes they deliver late in the night 11pm+..   BinderyT      ( Date: 16-May-2026 17:23) Posted: They have 3 businesses - Logistics/Letter, Post Office Network and Property Assets. First 2 businesses are loss making.   Only Property Assets is generating ALL of their operating profits. If they sell the property and return the money to shareholders, entire SingPost will collapse. investshare      ( Date: 15-May-2026 20:27) Posted: To assure the company can pay out salaries in years to come? If their strategy is to collect rental, might as well sell the property away and return money back to shareholders
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BinderyT Elite	16-May-2026 17:23        BinderyT About Contact  Quote this Post!
x 0   x 0  Alert Admin	They have 3 businesses - Logistics/Letter, Post Office Network and Property Assets. First 2 businesses are loss making.   Only Property Assets is generating ALL of their operating profits. If they sell the property and return the money to shareholders, entire SingPost will collapse. investshare      ( Date: 15-May-2026 20:27) Posted: To assure the company can pay out salaries in years to come? If their strategy is to collect rental, might as well sell the property away and return money back to shareholders. BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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Tob231 Elite	16-May-2026 15:26        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	they want to derive greater value before releasing it ....  beside they need time to overhaul the machinery ... SPC is the money making asset/s to keep the music going  the occupancy has gone up brilliant move by the management team ... i will take the opportunity to accumulate if I have the money
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investshare Supreme	15-May-2026 20:27        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	To assure the company can pay out salaries in years to come? If their strategy is to collect rental, might as well sell the property away and return money back to shareholders. BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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JurongW Elite	15-May-2026 19:26        JurongW About Contact  Quote this Post! Style: Combined   Mood: Yells: "Earnings give weight, Chart give wings"
x 0   x 0  Alert Admin	Singapore Post Property Assets Will Support Revenue Through Postal Overhaul https://links.sgx.com/1.0.0/corporate-announcements/HW8FOSZKITBQ6ADO/889110_SnPBulletin_20260515.pdf
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joe1991 Veteran	15-May-2026 18:37        joe1991 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i already out of local mrt...find other source of income le..not alot but happy .... let others shout cos they need to survive..... bye. noslen      ( Date: 15-May-2026 16:31) Posted: Chairman, CEO and COO are all new so they have time on their side. Don't like to be in a counter that can be easily pushed up to 37cts and then pushed down to 33.5cts within the day, it feels like being played so I am out. BullsAndBear      ( Date: 15-May-2026 16:12) Posted: Can?t tell, given they drop below 5% holdings and doesn?t have to report anymore. But I?m guessing it?s being shorted heavily with borrowed shares. Yesterday short volume was 55%. They have been sitting on the pile of cash for quite awhile already. There?s opportunity cost for shareholders while they are taking their time for shopping.
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noslen Veteran	15-May-2026 16:31        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chairman, CEO and COO are all new so they have time on their side. Don't like to be in a counter that can be easily pushed up to 37cts and then pushed down to 33.5cts within the day, it feels like being played so I am out. BullsAndBear      ( Date: 15-May-2026 16:12) Posted: Can?t tell, given they drop below 5% holdings and doesn?t have to report anymore. But I?m guessing it?s being shorted heavily with borrowed shares. Yesterday short volume was 55%. They have been sitting on the pile of cash for quite awhile already. There?s opportunity cost for shareholders while they are taking their time for shopping. noslen      ( Date: 15-May-2026 15:46) Posted: Probably Alibaba clearing off their balance shareholding. Keeping the cash for shopping purposein case need to buy something. Currently their cash holding is more than their debt
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BullsAndBear Veteran	15-May-2026 16:12        BullsAndBear About Contact  Quote this Post! Style: Combined   Mood: Yells: "I come at the turn of the tide "
x 0   x 0  Alert Admin	Can?t tell, given they drop below 5% holdings and doesn?t have to report anymore. But I?m guessing it?s being shorted heavily with borrowed shares. Yesterday short volume was 55%. They have been sitting on the pile of cash for quite awhile already. There?s opportunity cost for shareholders while they are taking their time for shopping. noslen      ( Date: 15-May-2026 15:46) Posted: Probably Alibaba clearing off their balance shareholding. Keeping the cash for shopping purposein case need to buy something. Currently their cash holding is more than their debt. BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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noslen Veteran	15-May-2026 15:46        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably Alibaba clearing off their balance shareholding. Keeping the cash for shopping purposein case need to buy something. Currently their cash holding is more than their debt. BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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MrBear12 Supreme	15-May-2026 15:39        MrBear12 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Cast all our anxieties on Jesus for He cares for us"
x 0   x 0  Alert Admin	to return to shareholders. BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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BullsAndBear Veteran	15-May-2026 15:35        BullsAndBear About Contact  Quote this Post! Style: Combined   Mood: Yells: "I come at the turn of the tide "
x 0   x 0  Alert Admin	Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.
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