Jagged Peak

SINGAPORE (Sept 19): Singapore Post (SingPost) today announced that its two e-commerce businesses in the US – Jagged Peak and TradeGlobal – have filed for voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code.

SINGAPORE (April 4): Singapore Post Limited (SingPost) has announced its intentions to sell its controlling stakes in US e-commerce businesses, Jagged Peak and Trade Global, as part of its strategic review.

SINGAPORE (Mar 13): Singapore Post is likely to wind down or sell its loss-making US e-commerce business after conducting a strategic review of the unit, according to a Bloomberg survey.

SINGAPORE (Aug 6): DBS is downgrading its recommendation on Singapore Post (SingPost) to “hold” from “buy” with a lowered target price of $1.28.

SINGAPORE (Nov 17): DBS Vickers Securities is maintaining its “hold” call on Singapore Post (SIngPost) with a lower target price of $1.23 compared to $1.26 previously to imply a yield of about 2.7%.

SINGAPORE (March 27): Maybank Kim Eng Research is maintaining its “hold” call on Singapore Post (SingPost) at an unchanged target price of $1.34 given major decisions within the group are likely to be put on hold until new CEO, Paul Coutts officially

SINGAPORE (March 16): UOB Kay Hian is maintaining its “hold” recommendation on Singapore Post (SingPost) with a target price of $1.46 as FY17 draws to a close, on the notion that FY18 will remain a “year of transformation” for the group where elev

SINGAPORE (March 7): OCBC Investment is maintaining its “hold” call on Singapore Post (SingPost) with a lower fair value of $1.39 from $1.42 previously, while noting a lack of catalysts for re-rating on the stock.

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.

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.