Singapore Post (SingPost)

Rooftop solar panels by Sembcorp to generate 4% of SingPost Centre’s annual energy use - THE EDGE SINGAPORE

Energy

Rooftop solar panels by Sembcorp to generate 4% of SingPost Centre’s annual energy use

While the solar PV system is owned, operated and maintained by Sembcorp Solar Singapore, it could be transferred to SingPost at the end of the power purchase agreement.
Briefs: Fed cuts rates by half point; The Edge Singapore wins two awards; Blackrock, Microsoft to raise US$30 bil for AI - THE EDGE SINGAPORE

Global Economy

Briefs: Fed cuts rates by half point; The Edge Singapore wins two awards; Blackrock, Microsoft to raise US$30 bil for AI

The Edge Singapore’s associate editor Samantha Chiew (fourth from right) was named Financial Journalist of the Year at ICA 2024.

Deals, joint ventures & alliances

SingPost to capitalise on e-commerce growth in Southeast Asia with Cainiao

SingPost and Cainiao, Alibaba’s logistics arm, signed an MOU on Sept 12.

Broker's Calls

‘Add’ SingPost as EPS growth expected to come in strong

CGS International keeps 'add' on SingPost with with a lower target price,
MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International  - THE EDGE SINGAPORE

Broker's Calls

MSCI Singapore index’s uptrend likely to stay intact in next few months: CGS International

The communications and retail sectors were Singapore’s brightest spots in the month

Broker's Calls

S&P Global Ratings remain ‘negative’ on SingPost as it expects its credit metrics to remain weak over next 12 months

Analyst Ong Hwee Yee has also kept her "BBB" rating as she believes SingPost has the "flexibility" to reduce its debt.

Company in the news

SingPost and national post of Kazakhstan, Qazpost, announce strategic cooperation agreement

SingPost and the national post of Kazakhstan, Qazpost, have signed a strategic cooperation agreement.

Broker's Calls

CGSI names SingPost, Centurion and Hong Leong Asia as value picks amid SGX revival proposal

The SGX can also consider tax incentives and adjusted listing fees for companies that improve their valuation, recommends CGSI.
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