Invested into SingPost 8 lots in this week under CPF portfolio. I have always like SingPost for its predictable dividend rate which have been quite "fixed" since year 2007. Cost management is key element to watch as Qtr 1 higher revenue was quickly eroded by it. Hopefully it can quickly finding synergies among its businesses especially from recently acquired ones. Also, with 7th consecutive quarter of domestic mail volume decline so it clearly shows the need for it to (tactfully) continue with its transformation journey.
Portfolio walk since previous posting :-
previous journal :- CPF - Closing Status 26 July
Portfolio walk since previous posting :-
-$6,289 Total Returns as of 26 July
-$402 Unrealised positions worsened
-$6,691 Total Returns as of 2 Aug
previous journal :- CPF - Closing Status 26 July
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