UOB Kay Hian has maintained its “buy” call for Singapore Post (Singpost), despite facing significant challenges in the 1QFY2023 ended June, with a lower target price (TP) of 78 cents from 87 cents previously.The company released its business update for the quarter on July 15.In a report dated Ju...

SingPost is “examining options” of its property holdings that consist mainly of the SingPost Centre, says CEO Vincent Phang at the company’s annual general meeting on July 21.Besides housing the postal operator’s headquarters and mail processing facility, there are also commercial spaces inc...

CGS-CIMB Research analyst Ong Khang Chuen has lowered his target price estimate on Singapore Post (SingPost) to 80 cents from 90 cents previously after the company indicated that it will an operating loss for its post and parcel segments for the 1QFY2022 ended June.On June 15, SingPost announced tha...

CGS-CIMB said it was “negatively surprised” by the operating losses expected for Singapore Post’s (SingPost) post and parcel segment for the first quarter to June, as a result of <a href="/companies-markets/singpost-flags-q1-operating-loss-for-post-parcel-business" target=...

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 18):

SINGAPORE Post (SingPost) said it will deliver an operating loss for its post and parcel business for the quarter to June, as a result of the significant increase in costs as well as a lower delivery volume from a major e-commerce customer.

In its latest 1QFY2022 ended June operational update, Singapore Post (Singpost) announced that its domestic post and parcel segment continued to trade in challenging conditions. Traditional letter mail volumes declined further, while costs rose significantly, particularly in fuel, labour and utiliti...

IN MAY 2014, Alibaba Group announced its acquisition of a 10.35 per cent stake in SingPost for S$312.5 million, to accelerate its e-commerce expansion across South-east Asia. This was Alibaba’s first investment in an overseas postal agency, in a prelude to the entry of China tech giants in...

IN MAY 2014, Alibaba Group announced its acquisition of a 10.35 per cent stake in SingPost for S$312.5 million, to accelerate its e-commerce expansion across South-east Asia. This was Alibaba’s first investment in an overseas postal agency, in a prelude to the entry of China tech giants in...

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

UOB Kay Hian has added Frencken and Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio for the month of June.The team’s portfolio fell 2.9% m-o-m in May, but still outperformed the benchmark Straits Times Index (STI)’s 3.7% m-o-m decline.“Key stocks that outperformed for us ...

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

SINGAPORE Post’s e-commerce logistics segment was a bright spot in its latest financial results, although further recovery of its post and parcel segment would likely depend on the gradual resumption of longer-haul flights. 

Singapore Post (SingPost) has reported earnings of $48.1 million for the 2HFY2022, a 188.1% surge from earnings of $16.7 million in the same period the year before.This brings earnings for the FY2022 to $83.1 million, 74.5% higher than FY2021’s earnings of $47.6 million.Earnings per share (EPS) fo...

THE following companies saw new developments that may affect trading of their securities on Friday (May 13):