Singapore Post Limited (SingPost)

OCBC Investment Research keeps 'buy' on SingPost with unchanged TP of 55.5 cents, says business environment challenging - THE EDGE SINGAPORE

Broker's Calls

UOBKH and CGS-CIMB lower TP for SingPost, but OIR keeps it unchanged following 3QFY2024 results

All analysts from the brokerages however, are positive on the stock, with “buy” and “add” calls maintained.

Company in the news

SingPost signs MOU with FedEx to trial acceptance points at post offices

The trial will last for three months from Sept 25.

Broker's Calls

UOB Kay Hian ups SingPost’s TP to 51.5 cents after postage rate hike

“With the postal rate hike, we now reckon that the domestic parcel and post (DPP) segment has reached a bottom."

Company in the news

SingPost raises rates for standard regular mail to 51 cents

The new rates will be made effective on Oct 9.

Broker's Calls

Brokers' Digest: SingPost, Netlink NBN Trust, Frencken, Centurion, Singtel

See what the analysts have to say this week.

Results

SingPost reports 1QFY2024 group operating profit of $11.9 mil, 11.8% higher y-o-y

Group revenue fell by 15% y-o-y to $404.1 million.
SingPost doubles down on logistics, reaffirms obligation to postal services - THE EDGE SINGAPORE

Corporate moves

SingPost doubles down on logistics, reaffirms obligation to postal services

SingPost's group CEO Vincent Phang talks to us about the group's future and more.
SingPost appoints BofA Securities as financial advisor for strategic review - THE EDGE SINGAPORE

Company in the news

SingPost appoints BofA Securities as financial advisor for strategic review

The review will focus on SingPost's transition to a logistics business over time.

Results

SingPost reports FY2023 earnings of $24.7 mil, 70.3% lower y-o-y despite record revenue

The board is recommending a final dividend of 0.4 cents per share for the FY.

Company in the news

SingPost's 19.75% stake in Chinese logistics business to be diluted with potential disposal of interest

SingPost’s 19.75% stake in 4PX is held by its subsidiary, Quantium Solutions International Pte. Ltd (QSI).
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