|Bid||1.36 x 0|
|Ask||1.37 x 0|
|Day's range||1.35 - 1.37|
|52-week range||1.22 - 1.47|
|PE ratio (TTM)||137.00|
|Earnings date||10 May 2018 - 14 May 2018|
|Forward dividend & yield||0.02 (1.46%)|
|1y target est||1.47|
Japan Foods Holding Ltd (SGX: 5OI) and Singapore Post Limited (SGX: S08) delivered strong quarterly results recently.
This articles explains the reasons that may have contributed to the surge in Singapore Post Limited's (SGX: S08) share price in 2018.
A quick overview of the latest performance from Singapore Post Limited's (SGX:S08) logistics business.
Delivery volumes in SP Parcels, Couriers Please, and Famous Holdings increased. Despite price pressures, Singapore Post's (SingPost) logistics segment posted operating profit of $4.9m in Q3, reversing ...
Customers are migrating towards electronic statements and bills. Singapore Post's (SingPost) domestic mail revenue is seen to fall by 5-8% per annum over 2018 to 2020 due to continued migration towards electronic statements and bills, whilst international mail grows 15-37% per annum over the same period. According to CIMB Research, the firm has been hiking its international settlement rates, which international carriers pay to land mail in the country, since the beginning of 2010.
SIA Engineering, SIngpost, Starhill Global and OUE Hospitality Trust are some of companies reporting. There is also a key interest-rate decision by the Fed.
Singapore Post’s (SingPost) struggles for its logistics segment in 2017 are expected to continue in 2018, OCBC Investment Research said. OCBC cited the operating loss from Quantium Solutions Hong Kong, which caused operating losses of $4.2m. Another SingPost subsidiary, TradeGlobal, which was acquired earlier, posted an operating loss in February 2017 as it had not achieved the underlying profit assumptions of the business plan which supported the investment.
Chinese conglomerate HNA Group has exercised its legal rights to acquire all shares from "dissenting shareholders" of Singaporean logistics firm CWT Ltd, as it moves to close the $1b acquisition. HNA Belt and Road Investments Singapore, an HNA group company, will offer $2.33 ($1.73) per share in cash to the CWT shareholders who have not accepted the tender offer, HNA's financial advisers said in an announcement on behalf of the company on Monday. In mid-November, Singapore Post Limited (SGX: S08) released its second quarter results for its fiscal year ending 31 March 2018 (FY2018).
DBS Group Holdings (DBS) achieved good results across its Corporate Banking, Wealth Management and Consumer & SME (CSME) businesses in Singapore. However, CSME businesses in growth markets contributed only 0.4% of the group’s net profit in 2014. Management aims to increase contributions to income for CSME businesses in Singapore and Hong Kong from 44% in 2015 to 50% over the next 5 years, while that in growth markets to rise from 4% to about 10% over the same period.
Singapore Post's (SingPost) logistics segment went into the red as operating profits turned into a loss of $4.2m in Q2. According to Maybank Kim Eng, even excluding provisions, the operating profit would have been $1m, which is much lower than the operating profit of $5m for 1Q2017. The segment was in bad debt for a key customer, Quantium Solutions HK.
The e-commerce segment declined marginally by 1.2%. Singapore Post profit decreased 9.5% YoY to $28.47m in Q2 FY17/18 due to a one-off gain from the dilution of interest in an associated company. Despite ...
PropertyGuru, Singapore’s largest property classifieds portal in terms of traffic, is suing rival startup 99.co over reproducing content from its website, according to court documents obtained by Tech in Asia. The next hearing will be held on September 20 in the Singapore Supreme Court. “In April 2016, we filed a writ of summons against 99.co. The case has been heard in the court since then,” says a PropertyGuru spokesperson.
This could boost the group’s future earnings. Whilst Singapore Post's postal business continues to face declines due to e-substitutions, it mall segment is seen to boost its earnings in the coming years. ...
Operational expenses were at $3.5m a year ago. Singapore Post is eyeing a turnaround plan for its eCommerce business as the segment's costs went up to $4.2m versus $3.5m a year ago. "Over the course of the next few months, SingPost’s CEO and the leadership team will be working with the board to review and update SingPost’s strategy, and deliver a roadmap focusing on improving the performance of the group," OCBC Investment Research analyst Low Pei Han said.
The segment is badgered by the slumping domestic mail volume. Singapore Post missed net profit forecasts by Maybank Kim Eng analysts due to the weakness in its postal business segment. According to analyst John Cheong, the business continues to face challenges from declining domestic mail as more companies implement e-statements.