Based on price actions and technical price structure of Bullish Ascending Triangle as illustrated, smart monies continue to be strongly invested in the stock. SingPost continues to be a healthy and quality stock with plenty of upside. Very bullish for 2017.
Both powerful parents, Alibaba and Sovereign Wealth Fund Temasek, have strong stakes in SingPost.
Shipping of US goods from US to China and Asia-Pacific. This is huge volume. Of all logistics and shipment companies, Alibaba had bought humongous stakes in Singpost over the recent few years. What does it tell you? Who or which child node will benefit with Alibaba the parent? Of course the major shareholder Alibaba will give all the fat fruits to SingPost, so that Alibaba the parent gains even more too. This makes shrewd business sense. The amount of shipment and benefits will be very huge. Temasek and Singapore will benefit big time as well. Now jigsaw all of these together. Is the picture clear now why SingPost stocks is a free money raining from the Alibaba-Heli-Don?
Important Cross Reference:
(Very important analysis on Alibaba as well)
【There will be a rising tide that raises almost all boats in the stock markets all over the world】