|Bid||1.31 x 0|
|Ask||1.32 x 0|
|Day's range||1.31 - 1.33|
|52-week range||1.22 - 1.47|
|PE ratio (TTM)||131.00|
|Earnings date||2 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||0.02 (1.50%)|
|1y target est||1.47|
It was a generally good year for Singapore Post Limited (SGX: S08) in terms of financial performance.
Singapore Post Limited’s (SGX:S08) announced its latest earnings update in March 2018, which showed that the business experienced a significant tailwind, more than doubling its earnings from the prior year.Read More...
In this article, we will look at 10 key points from Singapore Post Limited's (SGX: S08) latest results.
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.
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.