Sell @ $1.61, $1.615
Contra off + Cleared another batch (Losses) but lumped together, get a smaller profit… Supposed to be Yield Rotation Play, not keeping for longer term, else Free Cash gets tied up… Left one very high priced batch…. 😀
Q4 results were out yesterday. EPS = 4.36ct vs 1.625ct YoY due to huge One-Time Gains… Slightly lower without this Gain… Mkt looked happy, even with STI -ve, -8.28 @ 2732.87… Range $1.60 – $1.64…
Some Points for me to take note,
- Revenue : Logistics overtook Mail as No.1
- Operating Profit : Mail still account for ~80% (after stripping out one-time gains)
- eCommerce : Jagged Edge & TradeGlobal provides eCommerce Solutions ie Not Online Biz
- Rental : Will suffer till SPC is completed in mid-17
- Logistics Hub : Starts Operation in Jul-16 – May see cost benefits in Calendar Q3
- Alibaba : 1st Share Issue @ $1.42 for 10.35% ; 2nd Issue @ $1.74 for 5% Delayed till end-Oct
- Current Net Debt becomes Net Cash if Not Utilised for Further Acquisitions
- CEO : Replacement not yet found. But, new Chairman (also Singtel Chairman) comes with good track record and will provide Mgmt Stability
IMO, short term weakness but supported by Alibaba expectations… 😀