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Singapore Post (SingPost)
Singapore news
SingPost expands network with launch of first standalone POPStop in Tampines
According to SingPost, more standalone stations will launched at other main transportation nodes in time to come.
March 28, 2024
Corporate moves
SingPost’s reorientation to regional logistics picks up steam
Investors have responded positively to SingPost strategic review, while analysts kept their "add" and "buy" calls.
March 21, 2024
Company in the news
SingPost announces five key strategies from strategic review including achieving scale in Australia
The group will also adopt a new dividend policy to pay out between 30% to 50% of underlying net profit from FY2024/2025.
March 19, 2024
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.
February 14, 2024
Results
SingPost 3QFY2024 group operating profit down 18.2% y-o-y to $27.7 mil
On a constant currency basis, group’s operating profit would have been lower by an estimated 3.9% y-o-y.
February 08, 2024
Artificial Intelligence
SingPost partners with Google Cloud to drive AI-powered digital transformation and sustainable growth
The multi-year partnership will see SingPost leveraging Google Cloud's AI tools to boost its digital transformation journey.
December 12, 2023
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
Following 'weak' 1HFY2024 results, SingPost's proposed acquisition to delay deleveraging: S&P
SingPost announced on Nov 1 the acquisition of BEX Group for a maximum consideration of A$210 million ($185.19 million).
November 06, 2023
Results
SingPost reverses into profitability with earnings of $11.5 mil for 1HFY2024
SingPost has declared an interim dividend of 0.18 cents per share for the 1HFY2024. It will be paid on Nov 30.
November 02, 2023