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Singapore Post (SingPost)
Broker's Calls
S&P downgrades SingPost rating from 'stable' to 'negative'
Analyst Pauline Chew expects elevated leverage to persist over the next three years, driven partially by segmental weakness.
December 13, 2022
Broker's Calls
Analysts lower their TPs on SingPost amid challenging headwinds and higher operating costs
Higher operating costs such as fuel and labour costs dragged down overall margins.
November 08, 2022
Broker's Calls
UOB Kay Hian downgrades SingPost to 'hold', slashes patmi estimates on 'strong headwinds'
In addition to its downgraded recommendation, UOB Kay Hian has lowered its target price to 61 cents from 78 cents previously.
August 25, 2022
Broker's Calls
CGS-CIMB downgrades SingPost from 'add' to 'reduce' with lowered TP of 55 cents as P&P segments suffer
International post and parcel volumes fell 33% y-o-y in 1QFY2023
August 22, 2022
Results
SingPost reports 46.7% lower group operating profit of $10.6 mil in 1QFY2023 business update
In its business update, the group reported 1QFY2022/2023 revenue of $475.2 million, 34.7% higher y-o-y.
August 19, 2022
Company in the news
Arbitration against SingPost quantified at $16.5 mil
The arbitration is related to a share purchase agreement (SPA) and shareholders’ agreement (SHA) in relation to Famous Holdings.
August 15, 2022
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
CGS-CIMB lowers SingPost's TP to 80 cents as it pushes back its recovery expectations
Analyst Ong Khang Chuen has kept "add" on the company as he expects SingPost's earnings to improve in the coming quarters.
July 18, 2022
Results
Singapore Post expects operating loss for post and parcel segments in 1Q
Singpost's post & parcel business expected to show poor performance in 1QFY2022.
July 15, 2022
Results
SingPost reports 188.1% y-o-y surge in 2HFY2022 earnings of $48.1 mil
SingPost has proposed a final dividend of 1.3 cents per share for the 2HFY2022, bringing the full year's dividend to 1.8 cents.
May 13, 2022