Singapore Post

[ucypmas]

They could be thinking about doing something big... and potentially stupid with the money. Management at these big, sleepy companies tend to get backside itches once in a while and have to go and do something big to show that they are on the ball and can justify their pay, bonuses, cushy benefits etc.

I think they have got a good business in Singapore. Impenetrable moat on the last mile delivery, like what the article said. I am also always amazed at how many people here still go and pay for various things at their branches, despite all things internet and online these days. So its a cash machine. They experiment with selling rice cookers and pawn shops, but so far this has not dented their images. If you think about all the ah-sohs who go and queue to pay the PUB bills, its not a bad thing to do I suppose.

[millionairemind]

They could be thinking about doing something big... and potentially stupid with the money. Management at these big, sleepy companies tend to get backside itches once in a while and have to go and do something big to show that they are on the ball and can justify their pay, bonuses, cushy benefits etc.

[LenaHuat]

If you think about all the ah-sohs who go and queue to pay the PUB bills, its not a bad thing to do I suppose.

We need the Ah-Peks and Ah-Sohs who continue to think that they are paying PUB bills

[millionairemind]

April 30, 2010, 5.26 pm (Singapore time)

SingPost's net profit up, aims to pay min annual div of 5 cts/shr

By ANGELA TAN

Singapore Post reported on Friday that its net profit for the fiscal fourth quarter ended March 31, 2010 rose 15.8 per cent to S$40.91 million.

As a result, full year net profit was up 10.9 per cent at S$164.97 million.

Revenue for the quarter was up 15.8 per cent at S$133.84 million.

Full year revenue was up 9.2 per cent at S$525.51 million due to improvements in all business segments - Mail, Logistics and Retail, as well as the inclusion of revenue of Quantium Solutions (formerly known as G3 Worldwide Aspac group of companies) upon consolidation of its results.

On a comparable basis with the same quarter last year when Quantium Solutions was a joint venture and therefore not consolidated, group revenue rose by 3.8 per cent.

SingPost had acquired the remaining 50 per cent stake in Quantium Solutions in exchange for its 24.5 per cent interest in G3WW.

It is recommending a final dividend of 2.5 cents per share for FY2009/10.

SingPost said it will try to pay a minimum annual dividend of 5 cents per share. This will continue to be paid on a quarterly basis

[millionairemind]

Published July 29, 2010

SingPost Q1 profit inches up 3.2% to $40.7m

By LYNN KAN

SINGPOST'S net profit grew 3.2 per cent to $40.7 million for the first quarter ended June 30.

Earnings per share were 2.11 cents, up from 2.045 cents a year ago. Revenue hit $138.2 million, a 13.5 per cent increase from the year before.

Expenses increased 19 per cent to $103.1 million, due in part to the consolidation of SingPost's regional outfit Quantium Solutions, higher labour costs and reduced benefits from the government's Jobs Credit Scheme.

Revenue for the mail and logistics segments showed better performances.

Logistics revenue surged 34.4 per cent year on year to $46.3 million, primarily due to inclusion of Quantium Solutions for the full quarter, versus two months in Q1 2009.

Mail revenue rose 11.4 per cent to $95.7 million, on higher domestic and international traffic.

SingPost deputy CEO Ng Hin Lee said: 'We will continue to push for regional growth through Quantium Solutions, especially in the area of e-commerce logistics, against the backdrop of rapid Internet growth in north Asia. Concurrently, we are expanding our in-country distribution networks in the region, especially in the India market.'

SingPost has declared an interim quarterly dividend of 1.25 cents per ordinary share, to be paid on Aug 31.

While SingPost is constantly pressured by e-substitution and other competitors, Mr Ng is optimistic about future earnings amid the recovering economy.

SingPost aims to remain globally relevant, he said. 'We will focus our efforts on diversification and growth. Our objective is to build a more balanced revenue and earnings portfolio by growing non-mail contributions and driving regional growth.'

SingPost shares closed flat at $1.13 yesterday, after the release of its Q1 results.

[winston]

Not vested

Singapore Post, a postal and logistics services provider, said on Friday its fourth quarter net profit fell 9.6 percent to S$37 million from a year earlier, hurt by higher operating expenses.


Source: Reuters

[iam802]

I only have 1 question for SingPost (or its management)

Where do you want to go today?

[iam802]

SingPost, in my opinion, is like those 'Kodak'.

The demand for mail services is going down. Transformation will remain tough if they want to diversify into other business and yet retain the SingPost brand.

My opinion, continue downwards.

2011Oct-SingPost-800x600.png

[iam802]

Friend just complained about how bad Sing Post service has become.

Xmas cards sent out 3 weeks before Xmas arrived only after the Xmas.

Given that I heard the news today, I am estimating that it gets delivered first week of Jan?

Must be tons of cost cutting going on...and trying to increase revenue by selling abalone, drinks, sweets and what not over the counters.

[winston]

not vested

Singapore Post’s 3Q12 underlying profit of S$38.9m (-5% y-o-y, +18% q-o-q) exceeded our analyst’s S$35m estimate due to lower labor costs.

Interim DPS of 1.25 Scts was in line.

Maintain HOLD for healthy 6.3% yield while the underlying business undergoes a transformation.

Target price trimmed to S$ 1.04 (Prev S$ 1.10).

Source: DBS