Singapore Post Ltd - CIMB Research 2016-07-07: If we were the new CEO...
Singpost SINGAPORE POST LIMITED S08.SI Singapore Post Ltd - If we were the new CEO...
- SPOST is in the process of searching for a new CEO. We outline the key priorities that we think he/she could focus on, especially coming on board in a tough year.
- We think impairment of goodwill for TradeGlobal (TG) could be on the cards, given aggressive growth assumptions, although Jagged Peak (JP) is likely to be spared.
- A cut in DPS from 7 Scts to 6.25 Scts makes sense amid high capex in FY17-18. It will run out of cash in FY3/17 if the share issuance and Alibaba JV fall through.
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