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The Week That Was in ASEAN@Smartkarma - MrDIY Indonesia Versus ACES, PZZA, and Singapore Post.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>Following Singapore Post’s resilient H1 results in November, the company has now announced that it has agreed to sell its Australian logistics business for an enterprise value of c A$1bn to a private equity investor. The disposal is likely to result in the reporting of a gain on disposal of over S$300m. The proceeds are likely to be used to pay down debt and to potentially pay a special dividend to shareholders.</p>

Following Singapore Post’s resilient H1 results in November, the company has now announced that it has agreed to sell its Australian logistics business for an enterprise value of c A$1bn to a private equity investor. The disposal is likely to result in the reporting of a gain on disposal of over S$300m. The proceeds are likely to be used to pay down debt and to potentially pay a special dividend to shareholders.

Singapore Post - Australian logistics to be divested for c A$1bn