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Singapore Post (SingPost)
Broker's Calls
DBS maintains 'fully valued' rating for SingPost on slowdown in domestic mail revenue and international mail growth
Key catalysts, say the analysts, include stabilisation of post and parcel operating profit.
September 17, 2020
Company in the news
SingPost introduces new price structure for basic and tracked deliveries in Singapore and worldwide
Local letterbox package deliveries now cost a flat $1.50 from its range of 90 cents to $3.50 previously.
September 15, 2020
Broker's Calls
DBS Group Research maintains SingPost’s 'fully valued' call on tough competition
DBS Group Research analysts Sachin Mittal and Lim Rui Wen have maintained their “fully valued” recommendation for Singapore Post Limited (SingPost), with a stable target price of 64 cents.
July 29, 2020
Broker's Calls
Retail REITs, retail and transport stocks poised to benefit from circuit breaker exit: DBS
SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.
June 01, 2020
Investing ideas
Analysts slash earnings forecasts, price targets for SingPost amid stiff competition, margin pressure
“SingPost has struggled to make meaningful operating profits from logistics largely due to competitive pressures which have resulted in tight operating margins,” explains DBS analyst Sachin Mittal, citing ‘intense' competition in Hong Kong.
May 11, 2020
Results
SingPost reverses out of the red in 4Q, prepares to capitalise on Covid-19 'opportunities'
As SingPost's full-year earnings surge 380% to $91.1 million, the group says the Covid-19 pandemic has presented opportunities that might otherwise never have surfaced.
May 08, 2020
Broker's Calls
Covid-19 disruption in postal and logistics services to hit Singpost: CGS-CIMB
SINGAPORE (April 21): Singapore Post (Singpost) is expected to record lower earnings and revenue ahead, given the disruption in postal and logistics services caused by the novel coronavirus (Covid-19) pandemic, according CGS-CIMB Research.
April 21, 2020
Broker's Calls
Brokers' Digest 920
UnUsUaLPrice targets:38 cents BUY (RHB Group Research)44 cents BUY (UOB Kay Hian Research)Year-to-date, the share price of UnUsUaL has plunged some 32% as the group was forced to postpone large-scale events such as the JJ Lin concert
February 14, 2020
Broker's Calls
Analysts slash target prices as SingPost continues to be dogged by headwinds
SingPost reported that operating expenses had increased 3.5% to $318.4 million in 3Q “due to significant investments to improve service levels”. But, on the ground, customers seem to be not yet convinced of SingPost’s service quality.
February 10, 2020
Results
SingPost reports 39% drop in 3Q earnings to $30.5 mil on absence of one-off gains; maintains interim dividend of 0.5 cent per share
3Q revenue dipped 2.0% to $355.9 million, despite the group’s international post and parcel business hitting a record-high quarterly revenue of $148 million.
February 07, 2020