SingPost can leave with US e-business, writing auditors, News & Markets & Latest News



[ad_1]

SINGAPORE (BLOOMBERG) – Singapore Post tends to remove or lose the US trading trade due to a strategic review of the unit, according to the Bloomberg review.

Your repair or consolidation in that case is good for the SingPost long-term profit, according to four researchers who are dealing with the stock. Two CLS inserts have introduced benefits from a business that may be included in their income estimates.

The election was made after SingPost said last year that the book value of its SA unit had decreased.

The company is now involved in a study of the company "hopes to lose loss during the current financial year", said Ms Mei Yu Hong, who spoke to the company, Bloomberg. e-mail address, February 20.

"I expect to be out of the US trade by reducing or selling," said CLSA examiner Horng Han Low, who developed the stock to "buy" from " t sell "on February 7 with target prices. $ 1.17. "Ideas have been influenced by the loss of online people even because they have halted the structural decline in the Postal and Parcel sector," he said on the phone.

The US e-business, which helps US retailers such as Speedo and Tommy Hilfiger manages online sources and the delivery of packages, has been drawing on the SingPost profit as it suffered. -a unit of loss in each of the last three years, the main reason for the market value of SingPost has been higher than originally recorded in February 2015. t

SingPost, which counts Temasek Holdings and Alibaba Group Holding as its two largest shareholders, bought most of the company's trading companies in the US TradeGlobal Holdings Inc and Jagged Peak for around US $ 184 million (S $ 249.6 million) in 2015.

"The operating environment of US e-commerce remains challenging as a result of a tighter competition and the disruption of consumer credit," said Ms Hong, Ms Hong. The gaps, if any, will be assessed against the findings of the full financial year and future plans.

Mr said. CLSA that there may be a bad access to viewed as a pre-arrival from the USA. Operating loss in the e-commerce unit increased for $ 13.3 million in the third quarter, compared with a loss of $ 11.7 million a year ago, according to the company's filed.

WE ARE

Traditional businesses might be responsible for making more for SingPost as its postal unit contributed most of its annual income from 2010, according to Bloomberg data. "The EU's trading strategy is coming at a premium and it would be costly to implement such a strategy. There is a value emphasis and business value," said Mr Low.

It is expected that the company will produce a full-year yield in around two months. The consultation process leading to a price for SingPost income has fallen to 20.8 from 21.9 at the start of 2018.

Emails and the bread and butter packaging industry are likely to be unaffected by the end of the US unit, CGS-CIMB Securities analystator Ngoh Yi Sin said by e-mail. “Singapore Post must continue to manage service quality for domestic letters, and an overall area for postal and folders, as they look for new growth engines. "

There is a 50% opportunity for SingPost to end the US e-commerce industry but leave it to “give a real boost to its employment”, said Mr Ngoh.

[ad_2]
Source link