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Singapore Post (SingPost)
Investing ideas
SingPost wins nod for rate hike; CGS-CIMB sees additional catalysts for value
The approval for the hike was given amid an ongoing wider strategic review led by CEO Vincent Phang
September 19, 2023
Broker's Calls
Analysts mixed on SingPost; UOB Kay Hian and CGS-CIMB lower TPs while OCBC’s inches up
UOB Kay Hian and CGS-CIMB have kept their “hold” calls with TPs of 44 cents and 52 cents, while OCBC is staying "buy" on 54 cents.
August 22, 2023
Broker's Calls
Brokers' Digest: SingPost, Grand Venture Tech, Wilmar, DFI Retail Group, Nanofilm
See what the analysts have to say this week.
July 15, 2023
Broker's Calls
Nationalisation of SingPost's postal segment unlikely, UOBKH keeps 'hold' call
The nationalisation of SingPost's letter & mail business is quite unlikely, according to UOBKH.
July 12, 2023
Broker's Calls
CGS-CIMB keeps 'hold' on SingPost as strategic review of 'commercial sustainability' is announced
Analyst Ong Khang Chuen has kept his TP unchanged at 55 cents while SingPost reviews its postal business with IMDA.
July 07, 2023
Company in the news
SATS and SingPost sign MOU for potential JV of e-commerce transhipment hub in Singapore
The jointly operated transhipment hub facility will aim to shorten delivery times and reduce operating costs and manpower.
July 04, 2023
Broker's Calls
SingPost fails to deliver CGS-CIMB's earnings expectations
“Key surprise was prolonged weakness in the post and parcel segment, which remained loss-making in 2HFY2023,” says CGS-CIMB’s Ong.
May 12, 2023
Broker's Calls
‘Hold’ on to SingPost as its recovery is slower than expected
SingPost's operating profit for the 3QFY2023 declined by 9.7% y-o-y to $33.9 million.
February 24, 2023
Results
SingPost reports group operating profit of $33.9 mil for the 3QFY2022/2023, down 9.7% y-o-y
According to SingPost, the third quarter is regarded as the seasonal peak for its businesses across various markets.
February 21, 2023
Broker's Calls
SingPost’s accelerated FMH acquisition eases put-option uncertainty; favourable tailwinds ahead
China’s relaxation of its Covid-19 policies provides favourable headwinds for its IPP segment which has faced depressed volumes.
January 16, 2023