|Bid||0.8700 x 0|
|Ask||0.8700 x 0|
|Day's range||0.8700 - 0.8750|
|52-week range||0.8600 - 1.0700|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||435.00|
|Forward dividend & yield||0.04 (3.89%)|
|Ex-dividend date||15 Nov 2019|
|1y target est||N/A|
Singapore Post Ltd said its two struggling U.S. e-commerce units, Jagged Peak and TradeGlobal, have filed voluntary petitions for Chapter 11 bankruptcy protection as a six-month process to find buyers for the businesses failed. "Under the supervision of the bankruptcy court, the U.S. subsidiaries intend to pursue the sale of all or substantially all of their assets," SingPost said late on Wednesday. The underperformance of the two firms has hit profits at SingPost, which counts Singapore Telecommunications and Alibaba Group Holdings as its biggest shareholders.
SINGAPORE (Aug 2): Singapore Post (SingPost) has delivered higher earnings in the 1Q19/20 ended June, despite losses in its logistics and US business segments. This resulted in earnings per share of 0.98 cent in 1Q19/20, up 48.5% from 0.66 cent in 1Q18/19. The bottomline increase was mainly due to the absence of exceptional fair value loss on warrants last year from an associated company, GD Express.
SINGAPORE (April 4): Singapore Post Limited (SingPost) has announced its intentions to sell its controlling stakes in US e-commerce businesses, Jagged Peak and Trade Global, as part of its strategic review.In filing on Wednesday night, the postage and e-commerce company says it believes its strengths and strategic competitive advantages lie in the Southeast Asia and Asia Pacific region which provides “attractive growth opportunities”.Saying it will make further announcements on the exit from the US e-commerce markets, the group adds that its non-US business units will not be affected by the divestment.“Arising from the strategic review, we will step up our investment to better serve our home market in Singapore, as well as leverage our competitive advantages in Asia-Pacific,” comments group CEO Paul Coutts.SingPost’s move comes in line with analyst expectations given that the two US subsidiaries have been dragging on the group’s bottomline for the past three years since they were acquired in 2015.The group is expected to release its full-year earnings results next month.CGS-CIMB analyst Ngoh Yi Sin had previously lowered her target estimates on SingPost due to expectations of a prolonged turnaround for Jagged Peak and TradeGlobal, despite some earnings improvements in the group’s 3Q financials.Shares in SingPost closed flat at $1 on Wednesday.