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Freight Management Holdings (FMH)
M&A
SingPost acquires remaining 2% interest in Freight Management Holdings for A$13.3 mil
Following the acquisition from FMH management shareholders, SingPost holds 100% of the issued share capital of FMH.
December 06, 2023
M&A
SingPost brings total stake in Freight Management Holdings to 98% with additional 10% acquisition for A$62.8 mil
A separate offer from SingPost to acquire the remaining 2% of FMH shares is pending completion.
November 28, 2023
Broker's Calls
FMH acquisition 'positive'; transaction to generate 8% operating profit accretion for SingPost: CGS-CIMB
Analyst Ong Khang Chuen thinks the worst could be over for the group.
January 12, 2023
M&A
SingPost acquires additional 37% total stake in Freight Management Holdings for A$175.4 mil
The transaction will be funded by the group’s cash reserves and available bank loan facilities.
January 11, 2023
Broker's Calls
Maintain 'buy' for Singpost with reduced TP of 78 cents as it makes 'strong but delayed recovery': UOB Kay Hian
UOB Kay Hian analyst Llelleythan Tan believes Singpost has significant potential upside at current attractive price levels.
July 25, 2022
Broker's Calls
SingPost acquisition receives mixed reviews from analysts
Analysts from CGS-CIMB and DBS have kept their "add" and "fully valued" recommendations on the counter.
October 21, 2020
M&A
SingPost acquires 38% stake in Australian freight company for $84.1 mil
SingPost says the acquisition is “in line with” its group strategy.
October 19, 2020