SingPost -10% on CEO Dismissal: Can It Rise From the Ashes?
On December 22, Singapore Post issued a statement announcing the dismissal of CEO Vincent Phang, CFO Vincent Yik, and Head of International Business Li Yu after investigating reports received earlier this year.
Following the announcement, Singapore Post's stock plunged by 10% on the same day.
Many users in Singapore have complained about poor service quality from the company.
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Do you think this round of dismissals will improve Singapore Post’s business operations?
Would you consider buying the dip?
Which postal service company do you prefer to use?