Singapore Post

Singapore Post: Launched POPStation, a 24/7 self-service parcel delivery locker system, where parcels will be delivered to lockers at these "Pick Own Parcel" Stations, and recipients are sent collection details and codes via e-mail or SMS, allowing them to pick up parcels in their own time. SingPost highlights that POPStation will likely stimulate e-commerce further. While service is free for consumers, company may charge businesses that want to reserve preferential locker space. Pilot phase involves launch of 5 POPStations, with plans to roll out up to 100 of these islandwide. Over 2012, SingPost has been acquiring stakes in companies to build its non-mail segment, mainly - General Storage Company; - Famous Holdings; - Novation Solutions; - Dash Logistics; However, costs for the Group still continue to outpace revenue growth, mainly due to inflationary costs and investments in capabilities and resources to expand overseas revenue; in the near-term, $300m worth of bonds will expire in Apr 2013. Group has a historical yield of 4.9%, upside on its yield is unlikely amidst the investment spending.