Good luck on Genting.
On Efficen.... I did a bit of digging....
About Singpost's stake in Efficen.. that is super old news. Took place when one of the NED's from Singpost joined the company in Aug 2011. So Singpost prolly invested in late 2011 or early 2012 for strategic reasons.
On the article in I3 of being Alibaba's proxy.. i think that's nonsense.
It is best to figure out what is Alibaba's core biz vs. Singpost vs Efficen.
I can see how Efficen adds value to Singpost but not to Alibaba as I have attended an investors briefing about Singpost, so I know what they do and their prospects.
On a side note, I did a quick check on POS financials and annual report. Seems they still have a far way to go before reaching Singpost's level.
Ultimately, I am more concerned on what is the future prospects of Efficen and how much added value can they further contribute to Singpost. All this amounts to higher revenue, profits and cash.
Anyway, that's just my 2 cents. Too lazy to calculate the fundamentals haha
This stock is a quick short-term trade to earn quick money. Unless long-term no, wouldn't recommend this stock for long term based on current coz they just sold some operations away. Useless...GOOD for quick gains.