Singapore Post (SingPost)

SingPost 1H21 earnings up 13.3%, interim dividend of 0.5 cents per share declared - THE EDGE SINGAPORE

Results

SingPost 1H21 earnings up 13.3%, interim dividend of 0.5 cents per share declared

Revenue rose 3.3% to $731.4 mil, led by growth in domestic post and parcel, logistics and property businesses.
SingPost aims to deliver the ‘Future of Post’; SATS seeks out new growth areas - THE EDGE SINGAPORE

Billion Dollar Club 2021

SingPost aims to deliver the ‘Future of Post’; SATS seeks out new growth areas

Singapore Post has been named the company with the fastest growth in profit after tax in the transportation sector.
'Gradual recovery' for Singpost as mail flies again: OCBC - THE EDGE SINGAPORE

Broker's Calls

'Gradual recovery' for Singpost as mail flies again: OCBC

"The proposed disposal is estimated to result in a gain of $6 million after transaction costs."
Singpost subsidiary disposes of GSC for $85.1 mil to Triforce Investments - THE EDGE SINGAPORE

M&A

Singpost subsidiary disposes of GSC for $85.1 mil to Triforce Investments

Singpost has disposed of GSC, which mainly provide warehousing, storage, and logistics services, for $85.1 mil.
CGS-CIMB upgrades SingPost to 'add', sees it as another proxy for border reopening - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB upgrades SingPost to 'add', sees it as another proxy for border reopening

CGS-CIMB projects stronger quarters ahead for SingPost as borders reopen.
SingPost group CEO Coutts has resigned, replacement search underway - THE EDGE SINGAPORE

Company in the news

SingPost group CEO Coutts has resigned, replacement search underway

He will no longer be a director and will “support a handover” until Aug 31 or earlier.
SingPost's shift in focus to e-commerce logistics: the start of a restructuring? - THE EDGE SINGAPORE

Investing ideas

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?
Analysts keep 'hold' on SingPost as they await better visibility amid missed FY21 expectations - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'hold' on SingPost as they await better visibility amid missed FY21 expectations

CGS-CIMB Research, DBS Group Research and UOB Kay Hian have given SingPost TPs of 77 cents, 69 cents and 73 cents respectively.
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