- With Wee Hur (SGX:E3B)’s acquirer obtaining approval from the Australian Commonwealth Treasury to buy its Australia student accommodation business, we believe approval for SingPost (SGX:S08)’s sale of its Australian assets should be imminent as they both applied around the same time. The EGM is slated for 13 Mar and we expect the sale to be concluded by end-March 2025.
- - Read this at SGinvestors.io -
Special dividends likely to be declared in May.
- After paring down its Australian debt and in anticipation of the potential sale of Famous Holdings, we expect around S$400-450m excess sales proceeds could be distributed as special dividends to SingPost's shareholders.
- - Read this at SGinvestors.io -
- Even without a Famous sale, we expect the distribution to be around S$0.12-0.15/share. We expect special dividends to likely be declared along with SingPost’s full year results in May.
Right-sizing likely after elections.
- Read more at SGinvestors.io.
