24 March 2017

SingPost Crashing into Abyss

I bought at $1.49, now $1.32, due to the lower profit ending 31 Dec 2016. The dividend also shit, only $0.005 but at least they know to adjust since they are not making as much money.

But I think it's good that they try hard to expand outside of Singapore, might be difficult at first but once they stabilise, it will be good for the group in the long-term. Singapore market too small la, if just rely on the income here can die.

No comments: