- SingPost's share price has come under pressure earlier this week after Alibaba – its second largest shareholder – pared down its holdings from 11.3% to 4.6%, ceasing to be a substantial shareholder in the company.
- - Read this at SGinvestors.io -
Divestment by major shareholders remains an overhang.
- The concern now is that Singtel (SGX:Z74) – which remains SingPost’s largest shareholder with a ~22% stake in the company – may also look to reduce its stake in the domestic postal operator, given that it has previously announced that it will be reviewing and divesting non-core assets to improve shareholder value.
- - Read this at SGinvestors.io -
Probability of Singtel divesting out of SingPost is low.
- Read more at SGinvestors.io.














