Home News Broker's Calls

SingPost's service adjustments 'steps in the right direction', but headwinds remain: DBS

Uma Devi
Uma Devi10/31/2019 02:31 PM GMT+08  • 4 min read
SingPost's service adjustments 'steps in the right direction', but headwinds remain: DBS
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 (Oct 31): DBS Group Research believes recently-announced adjustments to Singapore Post’s (SingPost) existing services are “steps in the right direction”. However, the brokerage cautions that key headwinds remain, which could offset some of the benefits that could arise from the changes.

SingPost announced Wednesday that it is making certain revisions to its existing services, which will take effect from Dec 2.

It claimed that the move is imperative to “meet the demands brought about by changes in Singapore’s postal landscape”. Such changes include the growth of eCommerce and falling mail volumes, SingPost said in a statement.

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