$JMH USD(J36.SI)$ - Mandarin Oriental delisting: Executed “on the cheap” and clean — textbook consolidation to tighten control and unlock optionality. - Subsidiary strength: Performance aligned across the group; no visible drag, giving JMH room to move decisively. - Leadership reset: New boss in, sharpening competencies and strategy with an operator’s mindset instead of caretaker mode. - Shake-up underway: Structure, incentives, and capital allocation getting rewired — signals of intent, not optics. - Big moves plotting: Positioning for monetisation pathways (asset optimisation, brand leverage, capital recycling) with execution discipline front and center. --- Why it matters for JMH holders - Control premium: Consolidation of MO reduces f
$SingPost(S08.SI)$ Announcement of domestic postal hike of 10 cents. Ok lah, better than nothing. But I am still expecting more help from the government for the sustainability of the domestic postal operation. Also the expansion of its services especially the expanded touchpoint network is to eat into the local courier market. Noted that Ninja Van had given up on small scale individual parcel service. This is where Singpost can compete best and muscle in with secured postal lockers in 2500 touchpoints islandwide, accessible within 10 mins walk. This expansion is essentially SingPost locking in its consumer moat - ensuring that even as volume shrink, its network density and accessibility remains unmatched.