Here is a short analysis of SIngpost.

Not vested, but interested to accumulate at the right price. This is a follow up from my previous post

Here are some numbers:

While margin is getting worse, do note that revenue and OP of the cursed mail sector is not falling off a cliff, it is not even on a continuous decline. Net profits is falling, but that did not tell the full story, volume and revenue are still strong.

Look at FCF, the av. for 9 years is 160 mio. The weakest year of 130 mio is still enough to sustain the 6.5 cents DPS. 6.5 DPS need 120 mio. Dividend is only 75% of av. DPU. My mistake about it being less than 70% in my earlier post.

Why am I looking at it again?

While the logistic and retail sector margin is still depressed, I believe their (Read more...)