Singapore Stock Market News

Singapore Post Ltd - Going global

StockFanatic
Publish date: Fri, 16 Oct 2015, 01:22 PM
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■ Acquisition of 96.3% of TradeGlobal Holdings, Inc. for US$168.6m and 71.1% of Jagged Peak, Inc. for US$15.8m, both to be funded via internal cash.

■ These acquisitions will expand its end-to-end e-commerce logistics capabilities to the US and equip it with the software to provide omni-channel retail solutions.

■ Post-acquisition, SPOST will become a leading global end-to-end e-commerce logistics player, handling >100 monobrands and US$3bn in GMV.

We estimate 8-15% upside to our FY17 EBITDA forecast from the two acquisitions.
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