Famous Holdings

SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes - THE EDGE SINGAPORE

Results

SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes

Q-o-q, revenue was up by 1% driven by growth in the logistics segment.

Broker's Calls

What now for SingPost investors?

SINGAPORE (Aug 5): UBS is maintaining its “neutral” call on SingPost with a lower price target of $1.53 while CIMB is keeping its “hold” with an unchanged target price of $1.49.

Results

SingPost’s 1Q earnings fall 23% to $35.9 mil on absence of one-off gains

SINGAPORE (Aug 4):  Mail, logistics and e-commerce company Singapore Post (SingPost) reported a 23% decline in 1Q earnings to $35.9 million from $46.6 million in the same quarter the year before.
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