Last-mile delivery quality here has room for improvement. Are there too many logistics players and can consolidation or technology help?The ease of e-commerce has conditioned Singaporeans to get too used to buying everything from $1 household items to $10,000 watches online. After all, shopping mean...

Analysts at OCBC Investment Research (OIR) and UOB Kay Hian have maintained their “hold” calls on Singapore Post (SingPost) with lower fair value estimate and target price of 56 cents and 52 cents respectively.Despite a 31.3% y-o-y increase in revenue, SingPost’s operating profit declined 19.1...

The transition to net zero will require us to transform how we live and work. As a densely populated metropolis in the tropics, Singapore is a living lab to develop testbeds and commercialise green solutions for urban living, says Ravi Menon, managing director of the Monetary Authority of Singapore ...

CGS-CIMB has upgraded its call on Singapore Post (SingPost) to “hold” from “reduce” while maintaining its target price of S$0.55.

SINGAPORE Post (SingPost) sank into the red in its latest half-year results reported on Thursday (Nov 3), after taking into account an exceptional item related to the acquisition of an Australian unit. The charge might arise in future, depending on whether SingPost’s stake rises and the va...

Singapore Post Limited has posted a loss of $9.9 million for the 1HFY2022 ended Sept 30, down from its earnings of $35.0 million in the corresponding period the year before.The loss was attributed to the fair value charge of $21.0 million from the higher put option redemption liability on the group�...

DESPITE attaining its highest half-year revenue ever, Singapore Post (SingPost) reported a loss attributable to equity holders of S$9.9 million for the first half of the fiscal year ended September 2022, reversing from its profit of S$35 million for the same period last year.

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 3):

AT the Sias Investors’ Choice Awards 2022, companies were recognised for excellence in adopting good corporate governance and sustainability practices. 

SINGPOST has named Li Yu of United Parcel Service (UPS) as the new chief executive officer (CEO) of its international business with effect from Monday (Sep 12).

Changi Airport Group (CAG), on Sept 5, announced that it will reopen the southern wing of Terminal 2 for departure operations on Oct 11.The move follows the reopening of Terminal 2’s resumption of arrival operations in May.The commencement of departure operations at the terminal will add to the ai...

SINGPOST’S international address and shipping service vPost has suspended 2 of its services from Aug 24 until further notice, citing “excessively high freight costs” despite the introduction of fuel surcharges.

UOB Kay Hian analyst Llelleythan Tan has downgraded his recommendation on Singapore Post (SingPost) to “hold” in view of the strong headwinds experienced by the group.In the 1QFY2023 ended June, SingPost reported a weak operating profit of $11 million, which was down by 46.7% y-o-y.During the qu...

CGS-CIMB analyst Ong Khang Chuen has downgraded his recommendation for Singapore Post (SingPost) from “add” to “reduce” with a target price (TP) of 55 cents from the previous target of 80 cents, following its underwhelming 1QFY2023 results.Ong believes SingPost’s net profit could remain dr...

CGS-CIMB on Monday (Aug 22) downgraded its call on Singapore Post (SingPost) from “add” to “reduce”, while lowering its target price on the stock to S$0.55 from S$0.80 to reflect a lower FY2023 price-to-earnings multiple of 15.8 times compared to 18.8 times previously.