Home Capital Broker's Calls

SingPost stays ahead of disruption with new ecommerce logistics hub

Jude Chan
Jude Chan11/2/2016 12:46 PM GMT+08  • 1 min read
SingPost stays ahead of disruption with new ecommerce logistics hub
SINGAPORE (Nov 2): Maybank Kim Eng is keeping its “buy” recommendation on Singapore Post with an unchanged target price of $1.77 following the launch of its new regional ecommerce logistics hub.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 2): Maybank Kim Eng is keeping its “buy” recommendation on Singapore Post with an unchanged target price of $1.77 following the launch of its new regional ecommerce logistics hub.

SingPost on Tuesday opened the $182 million facility at Tampines Logistics Park.

With a total built-up area of 553,000 sq ft, the three-storey facility houses two warehousing floors, 150 simultaneous loading bays as well as an office block. On the ground floor of the building is a fully automated parcel sorting facility with a capacity of up to 100,000 parcels a day.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now