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Singapore Post (SingPost)
Artificial Intelligence
SingPost partners with Google Cloud to drive AI-powered digital transformation and sustainable growth
The multi-year partnership will see SingPost leveraging Google Cloud's AI tools to boost its digital transformation journey.
December 12, 2023
M&A
SingPost acquires remaining 2% interest in Freight Management Holdings for A$13.3 mil
Following the acquisition from FMH management shareholders, SingPost holds 100% of the issued share capital of FMH.
December 06, 2023
M&A
SingPost brings total stake in Freight Management Holdings to 98% with additional 10% acquisition for A$62.8 mil
A separate offer from SingPost to acquire the remaining 2% of FMH shares is pending completion.
November 28, 2023
Broker's Calls
Following 'weak' 1HFY2024 results, SingPost's proposed acquisition to delay deleveraging: S&P
SingPost announced on Nov 1 the acquisition of BEX Group for a maximum consideration of A$210 million ($185.19 million).
November 06, 2023
Results
SingPost reverses into profitability with earnings of $11.5 mil for 1HFY2024
SingPost has declared an interim dividend of 0.18 cents per share for the 1HFY2024. It will be paid on Nov 30.
November 02, 2023
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