I estimate SPOST is trading at a 45% discount to SOTP. SPOST's divestments include the SingPost Centre, valued at ~S$1bn. For a longer term trade idea, get some exposure to SPOST around here.
What is covered in the Full Insight:
Introduction to SingPost's Divestments
Recent Sale and Leaseback Transaction
Prior Asset Divestments
Potential Future Divestments
Current Position and Stakeholders
Boomeranged on Wed, 23 Jul 2025 12:35
Singapore Post has divested its entire freight forwarding business, Famous Holdings, for S$177.9mn. The sale results in an realised gain on disposal of S$10.5mn and S$104mn in cash. The sale has been carried out in two parts to separate buyers: part has been sold to DP World Logistics; while the other has been acquired by a consortium that includes some of Famous Holdings’ minority shareholders.