Home Capital Investing ideas

SingPost's shift in focus to e-commerce logistics: the start of a restructuring?

Samantha Chiew
Samantha Chiew5/14/2021 06:31 AM GMT+08  • 7 min read
SingPost's shift in focus to e-commerce logistics: the start of a restructuring?
Could SingPost's shift in focus to e-commerce be the start of its restructuring?
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.

For the past few years, Singapore Post (SingPost) has been struggling with inconsistent growth, owing to several reasons — from underperforming associates, high competition landscape to currently, the Covid-19 pandemic.

Although FY2020 ended March 2020 proved to be a good year for SingPost, as it hitched on the e-commerce boom amid the Covid-19 pandemic, its growth was short-lived.

This time, for its latest FY2021 results, earnings were once again down by 47.7% y-o-y to $47.6 million from $91.1 million a year ago. The group blamed this on Covid-19-related disruptions.

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