SingPost *Official* (SGX: S08)

[MrSinkie95]

e commerce growing nowadays.

 

[a1v1n_]

Signed, sealed, delivered: SingPost unveils world’s first drone mail delivery system
https://sg.finance.yahoo.com/news/signed-sealed-delivered-singpost-unveils-015100455.html

Sent from ME using GAGT

 

[SpinFire]

Signed, sealed, delivered: SingPost unveils world’s first drone mail delivery system
https://sg.finance.yahoo.com/news/signed-sealed-delivered-singpost-unveils-015100455.html

Sent from ME using GAGT

World's first meh? I thought Amazon in US already doing it?

 

[Perisher]

World's first meh? I thought Amazon in US already doing it?

Ya... Perhaps world first by a mail delivery company?
Amazon is a e-commerce company.

I do wonder about one thing though, how do they intent to protect the drones?
Have Surveillance camera to look out for kids who hit the drones for fun?
How about people who intent to steal the drones... etc?

 

[Shion]

Singpost doubles down on e-commerce with US, European services

Singpost doubles down on e-commerce with US, European services

http://www.theedgemarkets.com/sg/article/singpost-doubles-down-e-commerce-us-european-services

SINGAPORE (Oct 12): Singapore Post, which counts Alibaba Group Holding as its second-biggest shareholder, plans to expand freight services and warehouses in the US and Europe as Asia’s emerging middle class drives online purchases from overseas.
Singpost expects online transactions to jump in coming years, as the typical household in Southeast Asia currently receives just two to three parcels a year on average, compared with about 30 in developed markets, Chief Executive Officer Wolfgang Baier said in an interview Oct 8.

“We need to double down” on the push into e-commerce, Baier said. “E-commerce is going to grow, and we want to make sure we’re there.”

The move comes as other postal companies in Asia also are looking to reinvent themselves. Japan Post Group, a US$2.5 trillion ($3.4 trillion) behemoth that also function as a bank and insurer, is preparing an initial public offering and looking to expand internationally after buying Australian logistics company Toll Holdings earlier this year.

Singpost holds a monopoly on mail delivery in its home base, which accounts for about 80 percent of its operating profit, but is looking for new areas of growth as more people use mobile phones and access the Internet. Worldwide business-to-consumer sales could grow 34% to US$675 billion in 2016 from last year as the global middle class grows, Singpost said, citing data from researcher eMarketer.

Online Stores

The company is building its e-commerce business by managing online stores for about 15 clients such as Adidas AG and Canon Inc., providing warehousing, handling customs and making deliveries, Baier said. Singpost, whose biggest shareholder is Singapore Telecommunications, provides these services in Hong Kong, Australia and a number of economies in the Asia-Pacific region, in addition to its home market.

Singpost said Friday it’s buying 71% of Jagged Peak Inc., a Tampa, Florida-based e-commerce company, for US$15.8 million. The agreement marked its first purchase in the US, adding to $181 million of acquisitions in the past year, according to data provided by the Singapore company.

Online purchases account for about 0.2% of total retail sales in Southeast Asia, compared with 10% to 15% in developed markets, he said.

Alibaba, China’s biggest e-commerce company, agreed in July to boost its stake in Singpost to 14.51% from 10.23%. It also bought 34% of a Singpost e-commerce logistics subsidiary that provides warehousing across the Asia-Pacific region, and the two companies have said they’ll continue seeking other business opportunities together.

Alibaba Boost

Singpost’s volumes have increased “significantly” since it partnered with Alibaba, Baier said, without providing figures. The partnership with Alibaba could help increase volumes for Singpost, bringing down costs for customers, Baier said.

Singpost is alert for potential acquisitions beyond Singapore, Baier said. The company had cash and equivalents of $566 million at the end of June.

Singpost is investing in facilities as well. The company will spend $182 million to build a three-floor warehouse to handle e-commerce businesses in Southeast Asia and serve as the connecting point to the rest of Asia, it said last year. The warehouse should be fully operational in the second half of 2016.

Singpost also is exploring the feasibility of delivering packages by drone, echoing attempts by Amazon.com Inc. The company conducted a test flight Oct 8.

“We’re not just a delivery company, we’re not just a mail company,” Baier said. “This e-commerce ecosystem will explode once there’s a critical mass in terms of deliveries.”

 

[Average]

Signed, sealed, delivered: SingPost unveils world’s first drone mail delivery system
https://sg.finance.yahoo.com/news/signed-sealed-delivered-singpost-unveils-015100455.html

Sent from ME using GAGT

World's first meh? I thought Amazon in US already doing it?

World's first to deliver by drone to pulau ubin.

Sent from your next door using GAGT

 

[a1v1n_]

World's first to deliver by drone to pulau ubin.

Sent from your next door using GAGT

That's true. lol

Sent from ME using GAGT

 

[SpinFire]

World's first to deliver by drone to pulau ubin.

Sent from your next door using GAGT

LOL.

Anyway, biz prospects for SingPost looks bright. The CEO expanding it globally, a very good stock to hold.

 

[endlssorrow]

新加坡邮政公司宣布，以1亿6860万美元，收购美国电子商务公司TradeGlobal96.3%的股权。

新邮政希望借此，把电子商务业务扩大到本区域以外的市场。

这是新邮政一个星期内，公布的第二宗收购美国电子商务公司交易。上星期五，新邮政宣布，以1580万美元，收购电子商务物流公司Jagged Peak71.1%的股权。

新邮政近年积极寻求途径，扩充电子商务业务，来抵消邮政服务收益减少对公司业绩造成的影响。中国电子商务集团阿里巴巴是新邮政的第二大股东。

 

[Perisher]

新加坡邮政公司宣布，以1亿6860万美元，收购美国电子商务公司TradeGlobal96.3%的股权。

新邮政希望借此，把电子商务业务扩大到本区域以外的市场。

这是新邮政一个星期内，公布的第二宗收购美国电子商务公司交易。上星期五，新邮政宣布，以1580万美元，收购电子商务物流公司Jagged Peak71.1%的股权。

新邮政近年积极寻求途径，扩充电子商务业务，来抵消邮政服务收益减少对公司业绩造成的影响。中国电子商务集团阿里巴巴是新邮政的第二大股东。

This is sort of the same news as above in english.
https://www.techinasia.com/singpost-us-ecommerce-acquisitions/

Singapore’s national and logistics company SingPost is waging a global campaign to conquer ecommerce, and it just added another notch on its belt. The Singaporean company announced today it has acquired US end-to-end ecommerce firm Trade Global. The news comes only days after SingPost announced the acquisition of a majority stake in another US company, logistics provider Jagged Peak.

Through subsidiary TG Acquisition Corporation, SingPost is acquiring 96.3 percent of Trade Global, the company says. The size of the deal is approximately S$236 million (US$168.6 million).

 

[athulican]

putting baba's money to good use?

 

[MikeL09]

Investors may be sitting up and taking more notice of Singpost's posturing in seizing the e-commerce potential.

This could be a $3 plus stock in time to come, barring a global economic downturn.

 

[SpinFire]

Woah. +8c today

 

[w1rbelw1nd]

Don't see all these ventures into e-commerce translating to higher profits. E-commerce is good for society as a whole, but does it translate to higher profits??

 

[Perisher]

Don't see all these ventures into e-commerce translating to higher profits. E-commerce is good for society as a whole, but does it translate to higher profits??

I have the same thoughts but will only really see the result when they report.

 

[Initiatives]

Don't see all these ventures into e-commerce translating to higher profits. E-commerce is good for society as a whole, but does it translate to higher profits??

Will monitor. not yet vested.

 

[bin8lee]

This is sort of the same news as above in english.
https://www.techinasia.com/singpost-us-ecommerce-acquisitions/

Singapore’s national and logistics company SingPost is waging a global campaign to conquer ecommerce, and it just added another notch on its belt. The Singaporean company announced today it has acquired US end-to-end ecommerce firm Trade Global. The news comes only days after SingPost announced the acquisition of a majority stake in another US company, logistics provider Jagged Peak.

Through subsidiary TG Acquisition Corporation, SingPost is acquiring 96.3 percent of Trade Global, the company says. The size of the deal is approximately S$236 million (US$168.6 million).

wait and see.

 

[athulican]

SingPost to build $150 mil mall offering e-commerce logistics solutions

Source: TheEdge Markets | Publish date: Wed, 28 Oct 2015, 09:17 AM |

SINGAPORE (Oct 28): Singapore Post will build a $150 million shopping mall that offers a "complete suite" of e-commerce logistics solutions, the first of its kind in Singapore.

The new retail mall at Singapore Post Centre (SPC) will boast 269,097.8 sf of retail space and it will be located next to the Paya Lebar MRT station.

Construction works have commenced today with a target completion in around mid-2017. It includes upgrading amenities and facade for the adjoining office building.

 

[Squaredot]

Yup, looking good.
Redevelopment and Upgrading Works at Singapore Post Centre
http://infopub.sgx.com/Apps?A=COW_C...de26d6eb6781d6d9672f99f2d31fb1833dad44c2051c7

SingPost to develop Singapore’s first shopping mall with eCommerce logistics services
A smart mall in a Smart Nation that combines the best of both worlds - online and offline shopping​

 

[homedriver]

Yup, looking good.
Redevelopment and Upgrading Works at Singapore Post Centre
http://infopub.sgx.com/Apps?A=COW_C...de26d6eb6781d6d9672f99f2d31fb1833dad44c2051c7

SingPost to develop Singapore’s first shopping mall with eCommerce logistics services
A smart mall in a Smart Nation that combines the best of both worlds - online and offline shopping​

SingPost firm and steady. Hope price the same.