At the AGM management discussed the outcome of Singapore Post’s, an associate company of Singtel and Singapore's designated Public Postal Licensee which provides domestic and international postal services, strategic review and the recently announced strategic review into value creation options relating to the Australian logistics business. In Edison Group’s view, expansion in the Australian logistics market offers long-term growth and that historical issues surrounding structural weakness in postal volumes may be resolved by growth in replacement volumes from e-commerce. Edison continues to believe there is more than 60% upside in the share price.
25 July 2024
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