Singapore Post (SingPost)

SingPost group CEO Coutts has resigned, replacement search underway - THE EDGE SINGAPORE

Company in the news

SingPost group CEO Coutts has resigned, replacement search underway

He will no longer be a director and will “support a handover” until Aug 31 or earlier.
SingPost's shift in focus to e-commerce logistics: the start of a restructuring? - THE EDGE SINGAPORE

Investing ideas

SingPost's shift in focus to e-commerce logistics: the start of a restructuring?

Could SingPost's shift in focus to e-commerce be the start of its restructuring?
Analysts keep 'hold' on SingPost as they await better visibility amid missed FY21 expectations - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'hold' on SingPost as they await better visibility amid missed FY21 expectations

CGS-CIMB Research, DBS Group Research and UOB Kay Hian have given SingPost TPs of 77 cents, 69 cents and 73 cents respectively.
SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21 - THE EDGE SINGAPORE

Results

SingPost reports 55.7% lower earnings of $16.7 mil for 2H; 47.7% lower earnings of $47.6 mil in FY20/21

The board has proposed a final dividend of 0.6 cent per share for the 2HFY2020/2021.
OCBC maintains 'hold' on SingPost despite rise in share price on restructuring speculation - THE EDGE SINGAPORE

Broker's Calls

OCBC maintains 'hold' on SingPost despite rise in share price on restructuring speculation

Shares in SingPost have risen 8% month-to-date (m-t-d) in April as investors see the counter as a potential restructuring play.

Bonds and treasuries

The enduring popularity of Temasek-linked companies

Temasek-linked companies (TLCs) continue to be the most important issuers within the $103 billion Singapore corporate bond market.

Broker's Calls

Analysts remain uncertain of SingPost's recovery despite it being a beneficiary of e-commerce adoption

Shares in SingPost closed 0.5 cent higher or 0.7% up at 69.5 cents on Feb 5.
SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes - THE EDGE SINGAPORE

Results

SingPost reports slightly lower 3Q20/21 revenue of $351 mil, sees strong growth in e-commerce volumes

Q-o-q, revenue was up by 1% driven by growth in the logistics segment.
Analysts downgrade call on SingPost, lowers target price on eroded margins - THE EDGE SINGAPORE

Broker's Calls

Analysts downgrade call on SingPost, lowers target price on eroded margins

The lower rating and target prices were mainly due to the near-term margin pressures on SingPost's Post & Parcel segments.

Results

SingPost posts 42.1% lower 1H earnings of $30.9 mil on lower profit on operating activities

The group has declared an interim dividend of 0.5 cent per ordinary share, to be paid on Nov 29.
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