Asia300

Singapore Post Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 28, 2017
Prev close: 1.38
Apr 28, 2017
Market cap:
Market cap(USD):
3,139.62M
2,246.27M
Shares: 2,275.08M

Currency in SGD

Company profile

Market(Ticker): SES(S08)
Sector:
Industry:
Transportation
Air Freight/Couriers
Full time employees: --

Business summary

Singapore Post Ltd. engages in the provision of postal and logistics services. The company operates through the following segments: Mail, Logistics and Retail & eCommerce. The Mail segment provides services for collecting, sorting, transporting and distributing domestic and international mail as well as sale of philatelic products. The Logistics segment offers mail logistic services comprising domestic and international distribution and delivery services. The Retail & eCommerce segment deals with agency services, financial services and front-end ecommerce solutions. Singapore Post was founded on March 28, 1992 and is headquartered in Singapore.

Company background

Singapore Post has roots in a mail office set up inside the former parliament house in the 19th century, when the city-state was a British colony. The company, known as SingPost, was formed in 1992, when the Telecomunication Authority of Singapore was split into three entities. It was listed on the Singapore Exchange in May 2003. Alibaba Investment, a wholly-owned subsidiary of China's e-commerce giant Alibaba Group, in July acquired a stake of about 10% in SingPost. The two companies are eyeing opportunities to set up joint ventures in international e-commerce logistics. Alibaba Investment is the second-largest shareholder in the company, after Singapore Telecommunications.

SingPost is diversifying to tackle a decline in domestic mail volume. Current group CEO Wolfgang Baier, formerly of McKinsey & Company, took the helm in 2011 to lead transformation efforts. He is trying to change SingPost from a domestic postal company into an international logistics and e-commerce operation. To do so, the company has made a series of acquisitions. General Storage Company, a Singapore-based self-storage service operator, was bought in 2013 by SingPost. By acquiring Famous Holdings in 2013, SingPost gained access to the air and sea freight businesses. SingPost is also set to open a new regional logistics hub catered for e-commerce companies in 2016.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 1,151.54M
Gross profit 283.78M
Operating income 138.65M
Income before tax 278.16M
Net income 233.99M
EBITDA 170.53M
Diluted EPS 0.10
Dividends per share 0.07
Total assets 2,415.80M
Total liabilities 1,144.34M
Total equity 1,203.56M
Operating cash flow 114.94M

Currency in SGD

Revenue 830.54M
Gross profit 204.68M
Operating income 100.00M
Income before tax 200.62M
Net income 168.76M
EBITDA 122.99M
Diluted EPS 0.07
Dividends per share 0.05
Total assets 1,794.00M
Total liabilities 849.80M
Total equity 893.77M
Operating cash flow 82.90M

Currency in USD

Valuation measures

Mar 2016

PER 15.05
ROA 10.11%
ROE 20.16%
Operating margin 12.04%
Profit margin 20.32%

Key executive

  • Group Chief Executive & Financial Officer: Sing Hok Mervyn Lim
  • Group Chief Information Officer: Ramesh Narayanaswamy
  • Senior Executive VP & CEO-Postal Service: Keng Leong Woo
  • Secretary: Genevieve Tan McCully

Share holders

  • Singapore Telecommunications Ltd.(21.7%)
  • Alibaba Group Holding Ltd.(14.4%)
  • The Vanguard Group, Inc.(1.2%)
  • Norges Bank Investment Management(0.9%)
  • Dimensional Fund Advisors LP(0.7%)
  • Henderson Global Investors Ltd.(0.7%)
  • BlackRock Advisors (UK) Ltd.(0.5%)
  • T. Rowe Price Hong Kong Ltd.(0.4%)
  • NTUC Enterprise Co-operative Ltd.(0.4%)
  • BlackRock Fund Advisors(0.4%)

Address

  • Website: http://www.singpost.com.sg
  • Address: 10 Eunos Road 8, Singapore Post Centre, Singapore, 408600, Singapore
  • Phone: +65.6841.2000

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.