Singapore Post reports fiscal 2Q net profit rose 10 percent
SingPost reported Friday its fiscal 2Q net profit rose 10.3% on-year to S$27.73M on improved performance from associates and JVs and a year-ago one-off loss.
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Singapore Post creates new package categories to meet e-commerce deliveries
SingPost said Wednesday it will introduce two new postal service categories — basic package and tracked package — to meet e-commerce shipment demand.
UPDATE: Singapore stocks to watch Tuesday: Keppel, SingPost, Soilbuild REIT, Aspial
These are Singapore companies which may be in focus on Tuesday, 24 September 2019: Singapore Post, Soilbuild REIT and Aspial.
S&P: SingPost unlikely to see material cash from selling US e-commerce subsidiaries
Singapore Post is unlikely to obtain material cash from the planned sale of assets by its U.S. e-commerce subsidiaries, S&P Global Ratings said Thursday.
Singapore Post’s US e-commerce businesses file for chapter 11 bankruptcy
Singapore Post said Thursday its troubled U.S. e-commerce businesses, Jagged Peak and TradeGlobal, filed for Chapter 11 bankruptcy.
Singapore Post reports fiscal 1Q net profit rose 37 percent
Singapore Post reported Friday its fiscal 1Q net profit rose 37.2% on-year to S$25.68M on a year-ago fair value loss on warrants from an associated company.
Singapore Post reports fiscal 4Q swung to net loss on impairment charges
SingPost reported Tuesday a fiscal 4Q net loss of S$75.11M, swinging from a year-ago profit of S$31.84 million on impairment charges on its U.S. businesses.
S&P says SingPost’s plan to dispose of US e-commerce assets is credit positive
Singapore Post’s plan to divest its U.S. e-commerce subsidiaries TradeGlobal and Jagged Peak is “mildly credit positive,” S&P Global Ratings said Monday.
CGS-CIMB upgrades Singapore Post on plans to exit US businesses
CGS-CIMB upgraded Singapore Post, or SingPost, to Add from Hold on the postal and logistics company’s plan to exit its U.S. e-commerce businesses.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, SingPost, SATS, Pine Capital
These are Singapore companies which may be in focus on Thursday, 4 April 2019: Genting Singapore, SingPost, SATS and Pine Capital.
Singapore Post to sell US e-commerce businesses
Singapore Post said on Wednesday that after a strategic review, it planned to sell its U.S. e-commerce businesses Jagged Peak and TradeGlobal.
UPDATE: Singapore share buybacks Tuesday: OCBC, SGX, Jardine Strategic, SingPost
These are Singapore companies which announced share buybacks on Tuesday, 19 March 2019: OCBC, SGX, SingPost and Jardine Strategic.