"However, we believe the focus should be on asset monetisation and dividends rather than earnings," says Seet, who has kept his "buy" call and 77 cents price target.
With the sale of its former Australia unit completed, Singapore Post (SGX:S08
) is likely to declare a special dividend of at least ten cents per share when it reports its FY2025 earnings on May 15, says Jarick Seet of Maybank Securities.
Excluding the one-off gains from divestments, SingPost is likely to report "weak" FY2025 ended March 31 numbers, no thanks to higher costs incurred running the domestic postal network even as demand drops, as well as a challenging international business.
