- SingPost reported an underlying loss of S$0.5m in 2HFY25, mainly due to a drop in revenues and the high cost of operating its post office network.
- A special dividend of S$0.09 was slightly below our expectation of S$0.10.
- - Read this at SGinvestors.io -
Next catalysts will be Famous Holdings/property sales
- With the election now over, we believe that SingPost's management will hasten its efforts to further reduce the size and scale of its loss-making postal network and sell some properties to unlock value for shareholders. It will also engage with the authorities more actively to pursue the sale of SingPost Centre.
- - Read this at SGinvestors.io -
New board reset and new strategy
- SingPost is undergoing a board reset as well as a remake of its strategy. Work on the new strategy will start once the full new board is in place and this should lead to more clarity on its new strategy in the next few months.
Profitable in FY26E but key is in monetisation
- Read more at SGinvestors.io.
