Though I do not own Singpost stocks, I feel that Singpost is an interesting stock as it revamps and regears its traditional mail business towards technology (like testing out drones to deliver mail). Singpost is also aggressive embarking on e-commerce initiatives. Singtel which is also embracing IT and technology platform is a major shareholder in Singpost with a 22.87% stake in the company.
So, Singpost has now a new Chairman in Simon Israel, who is also the Chairman of Singtel. I am not sure whether this move of appointing the Chairman of Singtel to be the Chairman of Singpost will be one step closer to a possible takeover of Singpost by Singtel since I believe both companies share the same goals when it comes to IT, e-commerce and the world of internet. Before Tiger Airways was delisted, the CEO of TigerAir was also a previous employee of SIA before......