Singpost May Have Good Dividends BUT Ecommerce...

Singpost has been generating less and less profit over the last 5 years.
As of 2019, net profit is only $19m

There has been a shift in #singpost to focus more on ecommerce which is really benefiting from this pandemic.
It's real strength is really on the logistics part of this whole value chain.
Quantium Solutions is a partnership with #Alibaba.

New CEO has been appointed and #ecommerce #logistics is a key focus.
However, in my opinion, postal segment still looks bread and butter.
The $40m profit is really from a monopoly business for local postal. International postal while competitive is growing FAST!

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