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Singapore Post (SingPost)
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.
July 04, 2023
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.
May 12, 2023
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.
February 24, 2023
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.
February 21, 2023
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.
January 16, 2023
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.
December 13, 2022
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.
November 08, 2022
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.
August 25, 2022
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
August 22, 2022
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.
August 19, 2022