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SingPost
In print this week
SingPost sets sights on regional e-commerce boom with new logistics hub
SINGAPORE (Nov 4): At Singapore Post’s brand-new e-commerce logistics hub, T-shirts, gadgets and cosmetics are stacked in some 18,000 blue boxes — called totes —at one corner of the warehouse floor.
November 04, 2016
Alibaba’s second investment in Singpost approved; completes Quantium JV
SINGAPORE (Oct 27): The Infocomm Media Development Authority of Singapore has finally given Alibaba the go-ahead to increase its stake Singpost for the second time from 10.2% to 14.4%.
October 27, 2016
SingPost appoints new directors; updates on steps taken to tighten corporate governance
SINGAPORE (Oct 10): Singapore Post (SingPost) announced the appointment of three new non-executive independent directors to its board. They are:
October 10, 2016
Market Close
STI closes 0.09% higher at 2,854.69
SINGAPORE (Sept 19): Singapore stocks closed higher on Tuesday, having traded in the red for almost the entire session.
September 20, 2016
Broker's Calls
What now for SingPost investors?
SINGAPORE (Aug 5): UBS is maintaining its “neutral” call on SingPost with a lower price target of $1.53 while CIMB is keeping its “hold” with an unchanged target price of $1.49.
August 05, 2016
Results
SingPost’s 1Q earnings fall 23% to $35.9 mil on absence of one-off gains
SINGAPORE (Aug 4): Mail, logistics and e-commerce company Singapore Post (SingPost) reported a 23% decline in 1Q earnings to $35.9 million from $46.6 million in the same quarter the year before.
August 04, 2016
5 hurdles for SingPost’s FY17 earnings
SINGAPORE (July 25): UOB Kay Hian has downgraded its rating for Singapore Post (SingPost) from “buy” to “hold”, while lowering its target price from $2.25 to $1.64 respectively.
July 25, 2016
Incoming SingPost CEO to face ‘difficult FY17’
SINGAPORE (July 7): CIMB Research has downgraded Singapore Post (SingPost) from “add” to “hold” with a lower price target of $1.49 from the previous $1.76.
July 07, 2016
Broker's Calls
No ‘skeletons in the closet’ for SingPost after corporate governance improvements
SINGAPORE (July 5): Lim & Tan Securities is keeping its “hold” recommendation on Singapore Post (SingPost) in light of the company’s recent developments.
July 05, 2016