They are increasing shifting to other biz segment such as ecomerce which has a much smaller profit margin. Net profit growth is unlikely to see strong growth as they continue to shift away from their traditional dying segment.
FANG: Facebook, Amazon, Netflix, Google - the IT revolution is rapidly changing the way businesses are conducted, people collaborate & communicate with one another. They may eventually shape & change international trade rules & tear down trade barriers/tariffs.
In future, traditional jobs like financial advisors/insurance advisors could be sunset industries as sophisticated software technology take over the advisory roles, with results that could beat human advisors.
Many industries that want to stay in the game are all scrambling to get into gear with e-commerce.
Singpost plays a complementary & important supporting role in e-commerce, which is why I guess it attracted the attention of Alibab. Singtel is also a major shareholder. Southeast Asia presents vast opportunities in this area.
Whilst I am optimistic about the business, the internal management issue is a source of continuing concern. Probably one reason why the share price has fallen so low.