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Singapore Post
SingPost appoints new directors; updates on steps taken to tighten corporate governance
SINGAPORE (Oct 10): Singapore Post (SingPost) announced the appointment of three new non-executive independent directors to its board. They are:
October 10, 2016
Broker's Calls
These 4 Asean postal companies get Nomura's stamp of approval
SINGAPORE (Oct 7): Asean courier service providers are about to get interesting with online retail sales poised to hit US$36.1 billion ($49.6 billion) by 2020, translating into a five-year CAGR of 23%.
October 07, 2016
Broker's Calls
What now for SingPost investors?
SINGAPORE (Aug 5): UBS is maintaining its “neutral” call on SingPost with a lower price target of $1.53 while CIMB is keeping its “hold” with an unchanged target price of $1.49.
August 05, 2016
Results
SingPost’s 1Q earnings fall 23% to $35.9 mil on absence of one-off gains
SINGAPORE (Aug 4): Mail, logistics and e-commerce company Singapore Post (SingPost) reported a 23% decline in 1Q earnings to $35.9 million from $46.6 million in the same quarter the year before.
August 04, 2016
Incoming SingPost CEO to face ‘difficult FY17’
SINGAPORE (July 7): CIMB Research has downgraded Singapore Post (SingPost) from “add” to “hold” with a lower price target of $1.49 from the previous $1.76.
July 07, 2016
SingPost adopts new code of business conduct, ethics for directors
SINGAPORE (June 16): Singapore Post has introduced a Code of Business Conduct and Ethics for its Board directors to strengthen the corporate governance foundation of the company.
June 16, 2016
Update
Singapore Post shares tumble as regulator starts probe
SINGAPORE (May 19): Shares of Singapore Post, partly owned by Alibaba Group, fell as much as 3.5% after the company said the city-state's Accounting and Corporate Regulatory Authority (ACRA) was starting a probe into possible breaches of the Companies
May 19, 2016
SingPost shares down 2.9% on news of ACRA investigation
SINGAPORE (May 19): Shares of Singapore Post (SingPost) are down 2.9% at $1.53 this morning after announcing Accounting and Corporate Regulatory Authority (ACRA) is starting investigations into possible breaches of corporate governance by the company. In
May 19, 2016
Market Close
Straits Times Index closes 0.3% lower at 2,732.87
SINGAPORE (May 11): Singapore stocks ended weaker on Wednesday, snapping gains from a day earlier as corporate earnings take precedence as the main focus of trade.
May 11, 2016