SingPost    Last:0.31    -0.005

SingPost

Probably Alibaba clearing off their balance shareholding.

Keeping the cash for shopping purposein case need to buy something. Currently their cash holding is more than their debt.

BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.

 

to return to shareholders.

BullsAndBear      ( Date: 15-May-2026 15:35) Posted: Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now.  Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand.

 

Heavy volume. Fun fact, check the SGX SBL lending pool, and there are no available SP shares for loan as of now. 

Management should also justify why they are holding so much cash, given they have flashed out their 3 main priorities. Why would they need so much cash on hand. 

 

Too much negativity and too easily manipulated, not my cup of tea anymore.

 

Beside concentrating on e-commerce logistics, I noticed that some logistics companies are doing by sending letters for companies. They sent the letters to Post Office and SingPost bulk mail. I suggest that SingPost can also do the same logistics jobs since SingPost has many delivery staffs and vehicles.

 

SingPost, Fullerton Health to collaborate on healthcare logistics, last-mile medical delivery

This marks a step towards diversification into healthcare as a focus sector

[SINGAPORE] Singapore Post (SingPost) and Fullerton Healthcare Group on Thursday (May 14) announced the signing of a memorandum of understanding for the co-development of a robust, integrated healthcare delivery ecosystem. 

The collaboration aims to tap SingPost&rsquo s nationwide and community infrastructure &ndash specifically, its extensive logistics and warehousing capabilities &ndash and the clinical and pharmaceutical expertise of Fullerton Health to serve the healthcare community. 

This includes plans to build innovative solutions for healthcare and medicine delivery in Singapore, said the group, adding that it has been developing end-to-end logistics solutions. 

Mark Chong, CEO of SingPost, said: &ldquo We believe that our ability to deliver medicine to every household will support Fullerton Health&rsquo s ambition to extend its reach to customers islandwide.&rdquo  

The move comes as Singapore is in acute need of a resilient medical supply chain as it becomes a super-aged society in 2026, where at least 21 per cent of the population is aged 65 or older, SingPost said.   

The partnership also marks a step towards the diversification of its logistics portfolio, identifying healthcare as a focus sector alongside its established e-commerce operations. 

SingPost noted that Singapore&rsquo s health strategies increasingly prioritise community-anchored care with a growing requirement for a resilient, medical-grade supply chain.

&ldquo SingPost and Fullerton Health intend to evaluate how their combined capabilities can support the direction of national initiatives and facilitate more efficient medication fulfilment within residential neighbourhoods,&rdquo the group said. 

The collaboration also helps Fullerton Health strengthen the downstream elements of its healthcare value chain. 

Ho Kuen Loon, group CEO and executive director of Fullerton Health, said: &ldquo We look to strengthen the links in our healthcare value chain and enhance access to medical care across different community segments and all corners of Singapore.&rdquo  

 

SingPost&rsquo s FY2026 earnings down 75.2% to $60.9 mil group to keep SingPost Centre

Singapore Post Limited (SingPost) has reported earnings of $60.9 million for the FY2026 ended March 31, 75.2% lower y-o-y, as revenue and operating profit fell.

Full-year revenue was down by 23.1% y-o-y to $376.1 million largely due to lower International revenue on the back of a volatile global macroeconomic environment and a continued decline in letter mail volumes.

Reveue for SingPost&rsquo s logistics & letters segment fell by 28.3% y-o-y to $303.5 million as domestic and international revenue declined from lower volumes.

Revenue from the post office network also fell by 11.3% y-o-y to $11.2 million due to lower revenue from agency services and partly mitigated by higher rental income from the group&rsquo s post office properties. The number of post offices as at end-March fell to 40, down from 43 a year ago.

Revenue for property assets was the only bright spot, with a 2% y-o-y increase to $80.7 million, due to positive rental reversions.

Operating profit fell by 68.9% y-o-y mainly from the lower International volumes.

The group&rsquo s bottom line, however, was boosted by $19.2 million in exceptional items and the $38.1 million derecognition of aged trade payables. The exceptional items were mainly from large fair value gains on investment properties of $15.5 million, gain on disposal of subsidiaries of $4.6 million but offset by others such as the loss on disposal of property, plant and equipment and related expenses from mergers and acquisitions.

The derecognition was due to international settlements to overseas postal administrators for international deliveries. According to SingPost, trade aged payables exceeding a seven-year threshold &mdash which is based on a six-year statutory limitation plus a one-year trade cycle &mdash are derecognised following an annual formal notification process to overseas postal administrators. As such, aged trade payables made before Jan 1, 2019, were derecognised in FY2025/FY2026.

In its strategy update, the group says it will now keep SingPost Centre &mdash previously identified as a non-core asset and once considered for sale &mdash as it is a &ldquo crucial&rdquo part of the group&rsquo s portfolio and a &ldquo strategic asset&rdquo that generates steady income and cashflow with high occupancy.

The group has identified other opportunities including diversifying beyond e-commerce to unlock new revenue streams under its logistics & letters segment.

&ldquo Our results for the year reflect a consolidated baseline from which we will now strengthen and scale our business. Our strategy outlines our roadmap to navigate evolving market dynamics and drive long-term shareholder value,&rdquo say Mark Chong, CEO of SingPost.

&ldquo By investing in technology and automation focusing on asset enhancement in our property portfolio and working towards financial sustainability in our business, we are fortifying the core of SingPost while expanding purposefully into new logistics services&rdquo .

The group has recommended a final dividend of 0.06 cents per share for the year, along with a supplemental dividend of 0.41 cents per share from the derecognition of aged trade payables.

As at March 31, cash and cash equivalents stood at $534.4 million.

SingPost' s shares opened 0.5 cents lower or 1.33% down at 37 cents on May 14.

 

SingPost ends 5.3% down after H2 earnings dive

Counter finishes at S$0.355 as more than 26.1 million shares change hands

[SINGAPORE] Shares of Singapore Post (SingPost) fell on Thursday (May 14) after the national postal service provider reported a sharp drop in net profit for its second half.

The stock declined 4 per cent or S$0.015 to S$0.36 as at 9.54 am, with around 10.1 million shares changing hands. This was 43.3 per cent lower than its closing price of S$0.635 one year ago.

It recovered somewhat to S$0.365 as at 10.05 am, still down by 2.7 per cent or S$0.01, with some 10.3 million shares transacted.

The counter finished at S$0.355, down S$0.02 or 5.3 per cent, after more than 26.1 million shares changed hands.

This follows SingPost&rsquo s H2 earnings results, released before the market opened, where net profit fell 81.5 per cent to S$41.2 million from S$222.5 million in the year-ago period.

The decline came &ldquo as the operating environment for the logistics and letters business, particularly in international e-commerce delivery, remained challenging&rdquo , said the group.

The post office network segment also logged declines but its property assets revenue remained &ldquo relatively steady&rdquo during the period, it added.

Earnings per share (EPS) stood at S$0.0183, down from an EPS of S$0.0989 in the previous corresponding period.

Revenue for the six months fell 18.2 per cent on the year to S$187.6 million from S$229.5 million.

SingPost on Thursday also outlined a three-pillar reset strategy for sustainable growth that includes plans to retain its flagship SingPost Centre to tap the building&rsquo s upside potential.

 

The thing with SPC is, it is cheaper to take private the counter than offering to buyout SPC at current valuations. Base on the postage increase wef 1Jan, you can estimate the increase in revenue as SP does publish how much mail/parcel they process. I think their 1Q for mail segment will improve, possibly breakeven/slight profit. 

 

Please don' t exclude " unsolicited buyers" . Singpost struck TOTO for its australian business and they can strike again for Singpost building.
Fact: Lightning often strikes the same place repeatedly, especially if it' s a tall, pointy, isolated object.

Management believes that after AEI that building is worth much more. But how much more? They didnt clarify. With architect already appointed, i believe AEI completion wont be more than 1.5 years from now. 

Based on 2026 market projections in Singapore, leasing a large 83,000 square foot (sq ft) retail space&mdash likely a " big box" or anchor tenant unit&mdash would cost approximately S$350,000 to over S$800,000 per month, depending heavily on location (prime vs. suburban) and specific building specs. That is extra $4.2m to $9.6m to shareholders. Extra income also improves building valuation.

Management also urgently needs to make post office and mail/parcels profitable again.

 

Everyone waiting for Singpost to sell Singpost centre to give special dividends, now dream is gone.. selling follows
Singpost no more " sexy" stories already.. share price will be dead for a long time

stockwatch8877      ( Date: 15-May-2026 08:57) Posted: Going on, what is the prospect for SingPost? Shorties and the sellers are still around to shoot down the price. Very dangerous.

 

Going on, what is the prospect for SingPost? Shorties and the sellers are still around to shoot down the price. Very dangerous.

 

Go reit with one not so big building ?

Tob231      ( Date: 14-May-2026 20:28) Posted: what you are saying is the managment should execute base on market sentiment which is to sell SPC. maybe ... maybe there is something better that market has overlooked

 

what you are saying is the managment should execute base on market sentiment which is to sell SPC.
maybe ... maybe there is something better that market has overlooked
 

 

I guess the new CEO & COO are going to convert SingPost into a Property Development Company or SingPost REIT soon.

 

Management thinks the building is worth much more but needs AEI to bring the value up. How much is much more? From $1.1b to $2.1b or $3.1b? (They should have clarified.)   

Paragon mall could do a flip of $1b in a year.

Singpost needs 5 years to do the same flip. Perhaps that is why it is bad news and being sold down today. If it is $2.1b or $3.1b (share price of $0.93 and $1.38 respectively) then yes, 5 years is worth it.

 

new blood brings in new ideas...old ideas dont work anymore in this AI era

noslen      ( Date: 14-May-2026 13:46) Posted: Weak strategies and not sure why they need a new CEO and COO to come up with this stockwatch8877      ( Date: 14-May-2026 11:50) Posted: Is this a good or bad news? Why are people selling the shares? The price dropped to 35.5 cents. Maybe another few days the price will go to 33 cents. Back to the old day, I will wait for that price to buy

 

The only one that will take 5 years is increasing the height of the office floors

1.5 month remaining - $30m upgrade of Regional eCommerce Logistics Hub 

6.5 months remaining  - move sorting and parcels from singpost center to  Regional eCommerce Logistics Hub 

6.5 months remaining  -  architect already appointed for retail AEI (design and get approval)

1-2 years remaining  (my own guess) - completion of retail AEI 

 

Weak strategies and not sure why they need a new CEO and COO to come up with this

stockwatch8877      ( Date: 14-May-2026 11:50) Posted: Is this a good or bad news? Why are people selling the shares? The price dropped to 35.5 cents. Maybe another few days the price will go to 33 cents. Back to the old day, I will wait for that price to buy. Joelton      ( Date: 14-May-2026 11:01) Posted: SingPost to keep SingPost Centre as part of 3 new priorities for its reset strategy The postal and logistics player is bullish about the property&rsquo s upside potential [SINGAPORE] Singapore Post : S08 -1.32%(SingPost) has decided not to divest its flagship building, SingPost Centre (SPC). Instead, the postal and logistics player &ndash being bullish about the property&rsquo s upside potential &ndash will carry out enhancements to further milk the cash cow. &ldquo It is not for sale,&rdquo said SingPost CEO Mark Chong categorically. &ldquo SPC remains a crucial part of our portfolio we are retaining it.&rdquo The new plan marks a U-turn from the 2023/2024 decision of SingPost&rsquo s previous board, to divest the building in Paya Lebar where it is headquartered. It is also part of a set of initiatives to help the group achieve sustainable growth through three new strategic priorities. Chong laid out these priorities &ndash strengthening fundamentals, building scalable capabilities and capturing growth opportunities &ndash to The Business Times in an exclusive interview on Wednesday (May 13). SPC, which was previously valued at S$1.1 billion, had been deemed by SingPost&rsquo s previous board as a non-core asset and earmarked for divestment. However, the property has been SingPost&rsquo s top earner since it sold its Australian logistics business in March 2025, as the group struggles with a declining mail delivery business and a highly competitive e-commerce logistics business. SingPost is now eyeing a potential redevelopment of SPC, should height restrictions in the area be lifted when Paya Lebar Air Base is relocated from the 2030s. &ldquo We believe the height restrictions, when lifted, will offer SPC an opportunity to redevelop and reap further value,&rdquo said Chong. &ldquo The government blueprint for the development around Paya Lebar... could also provide a further boost to SPC&rsquo s asset value and redevelopment upside.&rdquo SPC has 55 years left on its lease. Even as SingPost awaits the unveiling of development details for Paya Lebar, it has already appointed an architect to carry out asset enhancement over the next 18 to 24 months, with the goal of improving the retail experience at SPC. It will also make more commercial space available in the building to increase its rental income. Three strategic priorities On strengthening SingPost&rsquo s fundamentals, Chong said this entails optimising the group&rsquo s operations, technology and network through an improved operating model. &ldquo We expect to reduce our cost-to-serve by more than 10 per cent,&rdquo he added. One way the group will seek to rein in costs is by optimising its post office space while maintaining about 40 of them some will become unmanned like auto lobbies to maintain public accessibility. Optimising its post office footprint will allow it to rent out the freed-up space and increase its rental income. For its post office network, SingPost will expand its product and service offerings, such as allowing Singtel shareholders to convert their special discounted shares. &ldquo With regards to the post office network, we believe we are on a firm path to achieve commercial sustainability,&rdquo said Chong, who took the helm in November 2025. He stressed that the transformation to a sustainable model for postal services will not come at the expense of customer service or convenience, as auto lobbies offer 24/7 access. As it seeks to build scalable capabilitiess, SingPost will invest in customer experience and automation. The use of autonomous vehicles and artificial intelligence, as well as modernising the post office network, are part of this initiative. In capturing growth opportunities, the group is targeting sensitive, high-trust logistics, the domestic business-to-business and enterprise market, and sector partnerships. Its recent partnership with international player Asendia is part of its efforts to increase cross-border logistics business. SingPost intends to leverage its warehouse space &ndash it has one million square feet of industrial space across its properties &ndash and expand into new logistics services. &ldquo This will enable us to serve our customers more comprehensively and unlock new revenue streams on customer expansion,&rdquo Chong explained. Shifting to variable cost structure Chong shared three ways that the group intends to cut the cost-to-serve for its logistics and letter business. First is an earlier announced S$30 million investment in a parcel sortation system. This will treble processing capacity of small to medium-sized parcels to 300,000 parcels a day when it goes live in July, bringing the group&rsquo s total daily capacity to 400,000 parcels. Chong said this will position SingPost to handle spikes in parcel volumes from its customers, including e-commerce platform operators during sales campaigns. Second, SingPost will be consolidating all its e-commerce parcel sortation at its e-commerce logistics hub by the end of 2026, improving efficiency and productivity. Third, the national postal provider will tap AI for delivery route optimisation. &ldquo As a result of these initiatives, we will shift from a largely fixed cost structure to one that is more variable and more efficient in cost base,&rdquo Chong added. &ldquo We will get the financial flexibility to adapt and scale with new opportunities.&rdquo Pricing discipline SingPost will continue to attract more business from e-commerce &ndash its core volume driver &ndash but Chong stressed that this will be done with pricing discipline despite the keen competition. &ldquo We will not sacrifice margins for volumes,&rdquo he said, adding that he believes this discipline can be maintained as a result of the cost savings and greater efficiencies reaped from the use of automation and technology. Chong is confident that this, along with SingPost&rsquo s competitive advantage from exclusive access to letterboxes &ndash the lowest cost delivery network available &ndash will position the group competitively against its peers.  For now, SingPost is not looking at overseas expansion, he added. The group&rsquo s logistics investment in Australia had been its previous cash cow. Shareholders have been looking forward to the reset strategy that the national postal service provider has promised since the sale of the Australian business in 2025. Shares of SingPost closed 1.3 per cent or S$0.005 lower at S$0.375 on Wednesday.

 

very bad...

stockwatch8877      ( Date: 14-May-2026 11:50) Posted: Is this a good or bad news? Why are people selling the shares? The price dropped to 35.5 cents. Maybe another few days the price will go to 33 cents. Back to the old day, I will wait for that price to buy. Joelton      ( Date: 14-May-2026 11:01) Posted: SingPost to keep SingPost Centre as part of 3 new priorities for its reset strategy The postal and logistics player is bullish about the property&rsquo s upside potential [SINGAPORE] Singapore Post : S08 -1.32%(SingPost) has decided not to divest its flagship building, SingPost Centre (SPC). Instead, the postal and logistics player &ndash being bullish about the property&rsquo s upside potential &ndash will carry out enhancements to further milk the cash cow. &ldquo It is not for sale,&rdquo said SingPost CEO Mark Chong categorically. &ldquo SPC remains a crucial part of our portfolio we are retaining it.&rdquo The new plan marks a U-turn from the 2023/2024 decision of SingPost&rsquo s previous board, to divest the building in Paya Lebar where it is headquartered. It is also part of a set of initiatives to help the group achieve sustainable growth through three new strategic priorities. Chong laid out these priorities &ndash strengthening fundamentals, building scalable capabilities and capturing growth opportunities &ndash to The Business Times in an exclusive interview on Wednesday (May 13). SPC, which was previously valued at S$1.1 billion, had been deemed by SingPost&rsquo s previous board as a non-core asset and earmarked for divestment. However, the property has been SingPost&rsquo s top earner since it sold its Australian logistics business in March 2025, as the group struggles with a declining mail delivery business and a highly competitive e-commerce logistics business. SingPost is now eyeing a potential redevelopment of SPC, should height restrictions in the area be lifted when Paya Lebar Air Base is relocated from the 2030s. &ldquo We believe the height restrictions, when lifted, will offer SPC an opportunity to redevelop and reap further value,&rdquo said Chong. &ldquo The government blueprint for the development around Paya Lebar... could also provide a further boost to SPC&rsquo s asset value and redevelopment upside.&rdquo SPC has 55 years left on its lease. Even as SingPost awaits the unveiling of development details for Paya Lebar, it has already appointed an architect to carry out asset enhancement over the next 18 to 24 months, with the goal of improving the retail experience at SPC. It will also make more commercial space available in the building to increase its rental income. Three strategic priorities On strengthening SingPost&rsquo s fundamentals, Chong said this entails optimising the group&rsquo s operations, technology and network through an improved operating model. &ldquo We expect to reduce our cost-to-serve by more than 10 per cent,&rdquo he added. One way the group will seek to rein in costs is by optimising its post office space while maintaining about 40 of them some will become unmanned like auto lobbies to maintain public accessibility. Optimising its post office footprint will allow it to rent out the freed-up space and increase its rental income. For its post office network, SingPost will expand its product and service offerings, such as allowing Singtel shareholders to convert their special discounted shares. &ldquo With regards to the post office network, we believe we are on a firm path to achieve commercial sustainability,&rdquo said Chong, who took the helm in November 2025. He stressed that the transformation to a sustainable model for postal services will not come at the expense of customer service or convenience, as auto lobbies offer 24/7 access. As it seeks to build scalable capabilitiess, SingPost will invest in customer experience and automation. The use of autonomous vehicles and artificial intelligence, as well as modernising the post office network, are part of this initiative. In capturing growth opportunities, the group is targeting sensitive, high-trust logistics, the domestic business-to-business and enterprise market, and sector partnerships. Its recent partnership with international player Asendia is part of its efforts to increase cross-border logistics business. SingPost intends to leverage its warehouse space &ndash it has one million square feet of industrial space across its properties &ndash and expand into new logistics services. &ldquo This will enable us to serve our customers more comprehensively and unlock new revenue streams on customer expansion,&rdquo Chong explained. Shifting to variable cost structure Chong shared three ways that the group intends to cut the cost-to-serve for its logistics and letter business. First is an earlier announced S$30 million investment in a parcel sortation system. This will treble processing capacity of small to medium-sized parcels to 300,000 parcels a day when it goes live in July, bringing the group&rsquo s total daily capacity to 400,000 parcels. Chong said this will position SingPost to handle spikes in parcel volumes from its customers, including e-commerce platform operators during sales campaigns. Second, SingPost will be consolidating all its e-commerce parcel sortation at its e-commerce logistics hub by the end of 2026, improving efficiency and productivity. Third, the national postal provider will tap AI for delivery route optimisation. &ldquo As a result of these initiatives, we will shift from a largely fixed cost structure to one that is more variable and more efficient in cost base,&rdquo Chong added. &ldquo We will get the financial flexibility to adapt and scale with new opportunities.&rdquo Pricing discipline SingPost will continue to attract more business from e-commerce &ndash its core volume driver &ndash but Chong stressed that this will be done with pricing discipline despite the keen competition. &ldquo We will not sacrifice margins for volumes,&rdquo he said, adding that he believes this discipline can be maintained as a result of the cost savings and greater efficiencies reaped from the use of automation and technology. Chong is confident that this, along with SingPost&rsquo s competitive advantage from exclusive access to letterboxes &ndash the lowest cost delivery network available &ndash will position the group competitively against its peers.  For now, SingPost is not looking at overseas expansion, he added. The group&rsquo s logistics investment in Australia had been its previous cash cow. Shareholders have been looking forward to the reset strategy that the national postal service provider has promised since the sale of the Australian business in 2025. Shares of SingPost closed 1.3 per cent or S$0.005 lower at S$0.375 on Wednesday.