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I wonder if SingTel 450 better or SP .33?
investshare ( Date: 25-May-2026 17:22) Posted:
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no.
surprised?
maYbe later...
eyeing it for fresh salmon.
surprised?
maYbe later...
eyeing it for fresh salmon.
JurongW ( Date: 25-May-2026 17:41) Posted:
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Dear Mr Bear,
Do u have SingPost in your portfolio?
Do u have SingPost in your portfolio?
MrBear12 ( Date: 20-May-2026 20:02) Posted:
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Did not get
investshare ( Date: 25-May-2026 09:51) Posted:
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I q @ 33
Singpost is not for sale!
no. no ,no
... not even for 30 cents
no. no ,no
... not even for 30 cents
Tob231 ( Date: 20-May-2026 18:29) Posted:
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it is a bold and right move by the new management. it is good to have defensive stock.
https://www.channelnewsasia.com/singapore/singpost-centre-upgrade-sale-paya-lebar-6120536#:~:text=SINGAPORE%3A%20Singapore%20Post%20(SingPost),we%20are%20keeping%20SingPost%20Centre.
SINGAPORE: Singapore Post (SingPost) has decided to retain its flagship SingPost Centre mall and upgrade it, reversing an earlier signal that it was considering a sale.
" Today, I can be clear to state that we are keeping SingPost Centre. It is not for sale," CEO Mark Chong said during a media briefing on the company' s finances on Thursday (May 14).
" SingPost Centre remains a crucial part of our portfolio. We are retaining it to harvest significant long-term upside for our shareholders."
Over the next two years, the group plans to enhance facilities and the retail experience at the mall, and increase the amount of commercial space available for rent.
He pointed to plans to relocate Paya Lebar Air base from 2030 after which height restrictions will be lifted &mdash materially increasing the centre' s redevelopment value.
Asked about the reversal, Mr Chong said global conditions had changed significantly. " What we have seen is that with the turbulence out there in the world, it is better that we be more certain on our earnings."
He added that the group had not fully accounted for the upside from the Paya Lebar Air Base closure and surrounding redevelopment plans. " There' s a lot more upside that we could reap. That' s the main reason why we want to keep SingPost Centre."
https://www.channelnewsasia.com/singapore/singpost-centre-upgrade-sale-paya-lebar-6120536#:~:text=SINGAPORE%3A%20Singapore%20Post%20(SingPost),we%20are%20keeping%20SingPost%20Centre.
SINGAPORE: Singapore Post (SingPost) has decided to retain its flagship SingPost Centre mall and upgrade it, reversing an earlier signal that it was considering a sale.
" Today, I can be clear to state that we are keeping SingPost Centre. It is not for sale," CEO Mark Chong said during a media briefing on the company' s finances on Thursday (May 14).
" SingPost Centre remains a crucial part of our portfolio. We are retaining it to harvest significant long-term upside for our shareholders."
Over the next two years, the group plans to enhance facilities and the retail experience at the mall, and increase the amount of commercial space available for rent.
He pointed to plans to relocate Paya Lebar Air base from 2030 after which height restrictions will be lifted &mdash materially increasing the centre' s redevelopment value.
Asked about the reversal, Mr Chong said global conditions had changed significantly. " What we have seen is that with the turbulence out there in the world, it is better that we be more certain on our earnings."
He added that the group had not fully accounted for the upside from the Paya Lebar Air Base closure and surrounding redevelopment plans. " There' s a lot more upside that we could reap. That' s the main reason why we want to keep SingPost Centre."
OCBC' s Lim maintains ' hold' on SingPost awaits operational improvements
Ada Lim of OCBC Group Research has kept her " hold" call and fair value of 40 cents on Singapore Post, following lower FY2026 numbers which suggest that the company' s turnaround towards commercial sustainability will take time to work out.
For the year ended March 31, SingPost' s revenue dropped 23.1% y-o-y to $376.1 million while operating profit was down 68.9% to $11.8 million, no thanks to lower logistics and letters volume, which on its own incurred an operating loss of $6.1 million. In contrast, the company managed to generate a sharp swing from operating profit of $35.8 million in the year earlier for this segment.
SingPost' s only bright spot, if any, was its property segment where better occupancy rate at SingPost Centre helped hold operating profit for the year at $45.2 million, up 0.5% y-o-y.
Together with significantly lower exceptional items, FY2026 earnings was 75.2% lower at $60.9 million, while underlying net profit was down 57% to $10.7 million.
SingPost plans to pay a final dividend of 0.06 cents and a so-called supplemental dividend of 0.41 cents, following 0.08 cents already paid for the interim.
Going forward, Lim sees the company trying to lower costs by at least 10% by optimising its operations and network.
SingPost is also seen to leverage on its competitive advantage of access to the letterbox network to diversify beyond e-commerce through expanding across markets, services, and customers, such as healthcare-related applications.
To this end, SingPost on May 14 announced an MOU with clinic chain Fullerton Healthcare Group to explore the co-development of a robust, integrated healthcare delivery system.
With SingPost Centre no longer slated for divestment and instead deemed a " crucial" part of the company' s portfolio, Lim believes that the focus will be on potential yield enhancement moves, including redevelopment to take advantage of lifted height restrictions with the move of the nearby Paya Lebar air base.
" We see this as a doubling down on its core business rather than a major shift in tone versus what management has been working on since the divestment of its Australia business," says Lim.
Following the results announcement, Lim observes that SingPost' s share price has reacted negatively as investors were likely let down by the " lack of a bazooka development" .
" A turnaround towards commercial sustainability will take time and upfront investments, supported by financial discipline, and management&rsquo s ability to execute will be key. All things considered, we roll forward our forecasts.
" With management categorically stating that SingPost is not looking to inject its properties into a REIT nor transform into a property player, we think its days of streamlining its asset base is over," says Lim.
SingPost shares as at 4.35 pm held steady at 34 cents.
CICT is a giant compared to SP though. They are like 15 times bigger in market cap. And they just brought Paragon mall not too long ago. I wouldn' t doubt they have better experience in running a REIT though. They have so many AEI in the pipeline for their mall assets under them that could be mirrored for SPC.
Speediman ( Date: 18-May-2026 15:52) Posted:
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Isnt it a conflict of interest...
SPC managed by Capitaland.
Chairman of CICT
SP should boot Capitaland out of the mall management
SPC managed by Capitaland.
Chairman of CICT
SP should boot Capitaland out of the mall management
She was in CICT board as chair for 7 years and in Singtel board for 9 years.... anyway both non-executive roles and acting as advisor to the CEO and no point in this conversation because the share price speaks louder currently.
BullsAndBear ( Date: 18-May-2026 15:21) Posted:
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Current Chairman is also CICT chair. You can probably google it. CEO/COO does not have the authority to make those acquisition decisions you mention. It is the board and shareholders ultimately that decides.
noslen ( Date: 18-May-2026 14:31) Posted:
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you are probably right. They have the plan and usually takes time to implement ... meanwhile they needed a cash generator to keep things going.
we should hear more in the days to come ... cheers
we should hear more in the days to come ... cheers
Who in the executive team or board has REIT experience, I just checked and CEO is a veteran in telco and we know which telco. Both COO AND CFO have been in logistics.
The decision to keep SPC is mainly because it is now the only revenue generator doesn't make it overnight the core business else they wouldn't have invested 30m to automate the parcel sorting system and planning to invest more.
So why M1? Why not, at least the one making the decision has more experience in this sector than REIT.
Anyway it's all been decided and mentioned in all the posts here, it's just the only desperate option for Singpost to try to bide time.
The decision to keep SPC is mainly because it is now the only revenue generator doesn't make it overnight the core business else they wouldn't have invested 30m to automate the parcel sorting system and planning to invest more.
So why M1? Why not, at least the one making the decision has more experience in this sector than REIT.
Anyway it's all been decided and mentioned in all the posts here, it's just the only desperate option for Singpost to try to bide time.
BullsAndBear ( Date: 18-May-2026 14:01) Posted:
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you are absolutely right ... that might be the reason why the new team has too be called in .... Analysts estimate this freed-up space could bring in potential leasing revenue of about S$9 million per year. 黑 猫 白 猫 ， 会 捉 老 鼠 的 就 是 好 猫
who can guarantee S$9 million per year revenue ?
who can guarantee S$9 million per year revenue ?
BullsAndBear ( Date: 18-May-2026 14:01) Posted:
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- Maximized Space: The relocation frees up approximately 83,000 sq ft of industrial space at the SingPost Centre (SPC), opening doors for premium office or commercial leasing.
- Enhanced Rental Yield: Analysts estimate this freed-up space could bring in potential leasing revenue of about S$9 million per year.
- Hub Centralization: The S$182 million Regional eCommercial Logistics Hub in Tampines has been upgraded to process up to 300,000 small parcels daily, boosting operational efficiency by grouping everything under one roof.
- SingPost Centre Valuation: Located in Paya Lebar, the SingPost Centre commands high desirability. Retail and office space occupancies have climbed into the high 90s, strengthening its overall asset value as SingPost shifts focus from selling the property to retaining and enhancing it
If you look at current SP PnL, their property business is in fact the core business. It' s the biggest contributor. Saying it' s not their core business because of their naming wouldn' t make sense. If that was the case, buying M1 telco is also contradictory. I think it' s no surprise they brought in the new board with REIT experience.
And why buy M1, look at their current largest shareholder, which is SingTel. Might as well become a SingTel subsidiary.
Just my 2 cents haha.
And why buy M1, look at their current largest shareholder, which is SingTel. Might as well become a SingTel subsidiary.
Just my 2 cents haha.
noslen ( Date: 18-May-2026 13:29) Posted:
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the rental yield could improve significantly. Singpost is consolidating its mall and parcel sorting operations under one roof at its Regional eCommercial Logistics Hub (sComm LogHub) in Tampines. Singpost Centre is in a prime location.
Would need a lot of investment to reconfigure the layout of the building in order to turn it for commercial office or retail space. So why not sell it and leave it to the experts, this is not even their core business. Might as well sell the building plus the cash they have and buy over M1🤣 🤣
BullsAndBear ( Date: 18-May-2026 11:46) Posted:
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Tbh there is not much growth that SP shareholders could expect from the mailing/logistic business in the short term. The best is to stop the bleeding and at least breakeven/minor profit.
It is stated that the current mall occupies about 1/3 of the total build of SPC. If they are able to move out the entire operations to Tampines, it would mean they can triple the rental in PLB. (Assuming same rental rate). That is actually indeed the best option for current shareholders, short of selling it outright.
It is stated that the current mall occupies about 1/3 of the total build of SPC. If they are able to move out the entire operations to Tampines, it would mean they can triple the rental in PLB. (Assuming same rental rate). That is actually indeed the best option for current shareholders, short of selling it outright.