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Joelton Supreme	15-May-2026 11:15        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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Joelton Supreme	15-May-2026 11:14        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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BullsAndBear Veteran	15-May-2026 10:13        BullsAndBear About Contact  Quote this Post! Style: Combined   Mood: Yells: "I come at the turn of the tide "
x 0   x 0  Alert Admin	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.
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WxWxWx Member	15-May-2026 09:35        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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luckyguy3 Master	15-May-2026 09:14        luckyguy3 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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stockwatch8877 Senior	15-May-2026 08:57        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Going on, what is the prospect for SingPost? Shorties and the sellers are still around to shoot down the price. Very dangerous.
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tonytony Veteran	15-May-2026 08:28        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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Tob231 Elite	14-May-2026 20:28        Tob231 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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madboysg Member	14-May-2026 20:02        madboysg About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess the new CEO & COO are going to convert SingPost into a Property Development Company or SingPost REIT soon.
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WxWxWx Member	14-May-2026 17:14        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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tongphlp Supreme	14-May-2026 13:49        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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WxWxWx Member	14-May-2026 13:47        WxWxWx About Contact  Quote this Post!
x 0   x 0  Alert Admin	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
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noslen Veteran	14-May-2026 13:46        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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tongphlp Supreme	14-May-2026 13:12        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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stockwatch8877 Senior	14-May-2026 13:05        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No need to say, the news is bad. SingPost cannot grow up but go down. Stay away from this stock, 5 years is too long. Sell Sell Sell. Shorties and sellers are there to throw down the price. investshare      ( Date: 14-May-2026 12:18) Posted: 3 priorities mean no priorities
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stlimst Master	14-May-2026 12:57        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	With SPC off the table, I think it will got back down to 33...sigh.
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investshare Supreme	14-May-2026 12:18        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	3 priorities mean no priorities
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stockwatch8877 Senior	14-May-2026 11:50        stockwatch8877 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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Joelton Supreme	14-May-2026 11:01        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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noslen Veteran	14-May-2026 10:32        noslen About Contact  Quote this Post!
x 0   x 0  Alert Admin	sold some, keep some... Singpost centre is still worth easily 50cts per share and cash - debt can still give out 10cts per share so the value of the company is still worth 60ct. Since they not selling SPC, then keep some to see if they will privatise.
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