Its effort in the e-commerce sector had began to gain traction after it announced its net profit of FY2013/2014 increased of 2.9% as compared to last year and saw its cash flow increased by 14%.
My view to invest in Singpost at the current price of $1.645 may be too rash as the rally lasted for 2 weeks consecutively. The company showed promise with their transformation into the e-commerce logistics solution and i think that is the direction that should benefit investors in the long run as Singaporeans are big shoppers online. In 2011, a survey by Paypal showed that Singapore's online commerce grew 30% from S$1.1 billion in 2010 to S$1.4 billion in 2011.
Source: http://www.asianewsnet.net/Sporeans-are-big-online-shoppers-50429.html
My entry price for this counter should range around $1.10-$1.30 as the rally was a spark of overwhelming media coverage.
Your blogposts are indeed very interesting and insightful. I am an MBA student and was wondering if I could speak to you regarding a SGX Singapore issue as I am researching on it.
ReplyDeletethank you michale wong
Deleteentry price at 1.10 - 1.30? can advise when will the share trade at these prices?
ReplyDeleteit is very difficult for sing post to drop to that price, but if you are patient enough maybe one day it will :)
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ReplyDeleteThis is the perfect blog for anyone who wants to know about SGX market. It contains truly information. But will be helpful to more if you can also provide forex tips through this blog.
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ReplyDelete