Singapore Post - OCBC Investment Research 2025-05-05: Focus On Fundamentals

• Recent rally of SingPost's share price likely driven by anticipation of special dividends post-divestment of Australia business, in our view.

Outlook remains murky pending strategy reset post-divestment of Australia business.

• - Read this at SGinvestors.io -
• The company has also announced that, together with Alibaba Group Holding Limited (Alibaba), both companies will be unwinding their respective minority cross-shareholdings in Shenzhen 4PX Information and Technology Co,. Ltd (4PX) and Quantum Solutions International Pte. Ltd. (QSI), which will see SingPost receiving a cash inflow of S$55.9m while recognising a potential impairment on goodwill of up to S$77.9m.
• - Read this at SGinvestors.io -

Tariff uncertainty may result in a rearranging of global logistics and supplychains; impact still too early to tell.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-02-20 Singapore Post - A Mixed Set Of Results.

Price targets by 2 other brokers at SingPost Target Prices.

Listing of research reports at SingPost Analyst Reports.

Relevant links:
SingPost Share Price History,
SingPost Announcements,
SingPost Dividend Payout Dates & Corporate Actions,
SingPost News