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SingPost
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Mark001
Veteran |
30-May-2025 11:03
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Yes. I think so.
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ysh2006
Supreme |
30-May-2025 07:30
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Once announced date , volume and price start moving ....
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Tob231
Elite |
29-May-2025 12:58
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Could it be the sign of reversal happening ..... AGM shouldn' t be so long .... Watch and see |
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tccroy
Elite |
29-May-2025 09:24
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During AGM around July
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Mark001
Veteran |
29-May-2025 08:56
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When will SingPost announce the payable date for the special dividend 9c? | ||||
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Mark001
Veteran |
27-May-2025 13:02
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S$1.1 billion as at Sep 2023
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ysh2006
Supreme |
27-May-2025 12:33
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How much this HQ building in Paya Lebar cat fetch ? | ||||
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Tob231
Elite |
27-May-2025 08:53
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The old era has passed away, behold the new has come. Too loose and many lapses ... need someone to clean up the mess and steer in the right direction. Just by moving operation to tampines already generates a lot of income .... this shift is in motion. Turning stones into gems ....
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Mark001
Veteran |
26-May-2025 17:10
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When will SingPost announce the payable and record date for the special dividend ? | ||||
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Tob231
Elite |
23-May-2025 20:27
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Don' t be too upset. SPH and Singpost look pretty much similar but they are not in term of their core business. It is probably time for Simon Israel to retire. He has done his part and let another to take-over. They should be annoucing the AGM pretty soon. |
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MrBear12
Supreme |
23-May-2025 16:53
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Very sad ending if that were the case.
My SPH stocks all sold like this. Trade with heavy heart.
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Mark001
Veteran |
23-May-2025 16:50
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Replay of SPH may occur with SingPost clarity and monetisation of assets key, say analysts
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Joelton
Supreme |
22-May-2025 11:10
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Time&rsquo s not ripe for SingPost to sell its flagship building
The company&rsquo s bid to unlock value for shareholders is commendable, but its property sub-segment is among the better-performing ones in terms of operating profit
[SINGAPORE] The share price of Singapore Post (SingPost) : S08 -0.88%said it all about investors&rsquo attitude towards the national postal service provider&rsquo s latest set of financial results.
The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from disposal of its Australian logistics business.
But shareholders&rsquo focus was not only on the special payout &ndash the net loss of S$461,000 for SingPost&rsquo s second half of the year was clearly not lost on them.
Both domestic and international postal and logistics businesses posted lower revenue, with the international business declining 39.2 per cent year on year and local, 9.6 per cent.
Similarly, SingPost&rsquo s property and freight forwarding sub-segments were the better-performing ones in terms of operating profit, delivering an improvement of 17.8 per cent and 31 per cent, respectively.
Its local postal and logistics business&rsquo operating profit was down 55 per cent to S$7.4 million, while international business went deeper into the red at S$5.3 million from S$0.6 million in operating loss.
This underscores the continued secular decline of the domestic postal and logistics business, and the highly competitive international postal and logistics market that SingPost is in.
Unsurprisingly, the company commented that its domestic postal and logistics business saw lower profit from its delivery business and losses in other services, while the post office network remained unprofitable.
SingPost is streamlining its operations to reduce its cost base, including reintegrating its international cross-border business into the Singapore business, to achieve synergies and efficiencies.
It will also reset its strategy of its Australian logistics business post-sale.
Still, given the smallish Singapore market and the competitive cross-border business, as well as the secular decline of the postal business, there is arguably a limit to what SingPost can achieve in terms of top line and bottom line.
Meanwhile, the divestment of non-core assets, including its headquarters building SingPost Centre, remains on the cards.
Non-core assets might not be central to or key pillars of a firm&rsquo s main businesses, but they do have their usefulness and a place in the portfolio at times, as seen in SingPost&rsquo s latest financial results.
Its property segment raked in full-year operating profit of S$48.4 million &ndash more than any other segment, and higher than the total group operating profit of S$44.3 million after accounting for operating losses in some segments.
SingPost Centre, for example, recorded increased rental income amid a higher overall occupancy rate of 98.2 per cent as at Mar 31, compared to 96.2 per cent as at end-FY2024. The retail mall was fully occupied compared to 99.6 per cent previously, while the office space occupancy rate rose to 97.6 per cent from 94.8 per cent.
SingPost&rsquo s directors&rsquo bid to unlock value for shareholders &ndash through various means such as selling non-core assets &ndash is commendable. But it would likely be saddled with non-remarkable domestic and international postal and logistics businesses before its reset strategy becomes fruitful.
Surely, SingPost would like to have a stable and supportive base of shareholders, not the opportunistic who swoop on the stock on news of potential disposal gains and dump it after reaping the capital gain.
The group on Wednesday (May 21) announced chairman-designate Teo Swee Lian will helm the board from the next annual general meeting, and appointed several new directors recently. The board and shareholders might want to reconsider selling SingPost Centre, at least not before its reset strategy bears fruit.
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Tob231
Elite |
21-May-2025 18:46
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Singapore Post (SingPost) on Thursday (May 15) ruled out the possibility of a nationalisation of the postal service provider, even as it said it is working with the Singapore government to come up with an operating model that is profitable and sustainable. Agm is coming ... get ready
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hmphie
Veteran |
21-May-2025 18:35
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Isn't SingPost Centre managed by Capland where she's at too? Then she can see through the sale process to CICT.
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Rocket888
Member |
21-May-2025 17:38
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They already hinted that the post office branch network is not sustainable. Gahmen can back the branch and property assets and franchise out like MacDonald s mah.. like UK lor..expect another windfall payout . | ||||
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Tob231
Elite |
21-May-2025 17:31
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She is a seasoned finance and governance expert. Let' s see what she can do after all the hoo-ha ... bring some stablity to the organisation .... glory days ... not too sure the transformation in the sector is too much .... hopefully she is the right spark |
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tccroy
Elite |
21-May-2025 15:59
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Hope she will lead Singpost back to the past glory days where the share price was $2.
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Mark001
Veteran |
21-May-2025 15:47
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Singapore &ndash 21 May 2025 &ndash The SingPost board has appointed Ms Teo Swee Lian to the board as Non-Independent Non-Executive Director and Chairman-designate with effect from 21 May 2025. Her appointment comes at the conclusion of a search by the SingPost board to succeed Mr Simon Israel. She will assume the chairmanship at the conclusion of SingPost' s next AGM1, when Mr Israel retires after nine years at the helm. Ms Teo&rsquo s past principal commitments include board and directorship roles with Singapore Telecommunications Ltd and AIA Group Limited. She is also presently Chairman and Non-Executive Independent Director of CapitaLand Integrated Commercial Trust Management Limited. Her present principal commitments also include directorship positions at HSBC Holdings PLC and Clifford Capital Holdings Pte Ltd among others. She also brings with her over 27 years of financial services experience with the Monetary Authority of Singapore. &ldquo Swee Lian' s appointment concludes the Board renewal process, and she will lead the Board in the ongoing Strategic Reset of the Group. SingPost is undergoing a significant transformation to adapt to the evolving postal, eCommerce, and logistics landscape. Her experience will contribute to the Board&rsquo s oversight and direction for the new Strategy," said Simon Israel, Chairman of the Board, SingPost. Mr Israel has been on the Board of SingPost serving as Chairman since 2016. The Board wishes to thank him for his dedicated and tireless service over the last nine years.
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tccroy
Elite |
21-May-2025 13:54
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Where she from? What is her background
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