Singapore Post (SingPost)

SATS and SingPost sign MOU for potential JV of e-commerce transhipment hub in Singapore - THE EDGE SINGAPORE

Company in the news

SATS and SingPost sign MOU for potential JV of e-commerce transhipment hub in Singapore

The jointly operated transhipment hub facility will aim to shorten delivery times and reduce operating costs and manpower.

Broker's Calls

SingPost fails to deliver CGS-CIMB's earnings expectations

“Key surprise was prolonged weakness in the post and parcel segment, which remained loss-making in 2HFY2023,” says CGS-CIMB’s Ong.

Broker's Calls

‘Hold’ on to SingPost as its recovery is slower than expected

SingPost's operating profit for the 3QFY2023 declined by 9.7% y-o-y to $33.9 million.

Results

SingPost reports group operating profit of $33.9 mil for the 3QFY2022/2023, down 9.7% y-o-y

According to SingPost, the third quarter is regarded as the seasonal peak for its businesses across various markets.

Broker's Calls

SingPost’s accelerated FMH acquisition eases put-option uncertainty; favourable tailwinds ahead

China’s relaxation of its Covid-19 policies provides favourable headwinds for its IPP segment which has faced depressed volumes.

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.
Analysts lower their TPs on SingPost amid challenging headwinds and higher operating costs - THE EDGE SINGAPORE

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.

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.
CGS-CIMB downgrades SingPost from 'add' to 'reduce' with lowered TP of 55 cents as P&P segments suffer - THE EDGE SINGAPORE

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
SingPost reports 46.7% lower group operating profit of $10.6 mil in 1QFY2023 business update - THE EDGE SINGAPORE

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.
×