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Singapore Post Ltd.

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.

Business Summary

Singapore Post Ltd. engages in the provision of of postal, e-Commerce logistics and retail services. It operates through the following segments: Post and Parcel, Logistics, Property, and Others. The Post and Parcel segment provides services for collecting, sorting, transporting and distributing domestic and international mail as well as sale of philatelic products, agency services and financial services. The Logistics segment offers logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services. The Property segment includes the rentals from property rental and self-storage businesses. The Others segment refers to the unallocated corporate overhead items and trade-related foreign exchange translation differences. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2022 SGDUSD
Gross Profit228.23M169.22M
Operating income110.09M81.62M
Income before tax102.51M76.01M
Net income69.46M51.50M
Diluted EPS0.030.02
Dividends Per Share0.010.01
Total Assets2,679.40M1,979.83M
Total liabilities1,537.30M1,135.92M
Total equity1,307.40M966.05M
Operating cash flow64.77M48.02M
Currency in SGDCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,513.42M 1,323.28M 1,313.78M 1,404.68M 1,665.57M
Gross Profit 309.94M 323.71M 252.87M 160.87M 228.23M
Operating income 140.19M 178.88M 138.96M 49.39M 110.09M
Income before tax 155.30M 217.26M 128.70M 59.28M 102.51M
Net income 120.62M 151.35M 88.15M 32.74M 69.46M
EBITDA 199.42M 217.43M 206.94M 118.11M 184.51M
Diluted EPS 0.05 0.00 0.03 0.01 0.03
Dividends Per Share 0.03 0.03 0.02 0.01 0.01
Total Assets 2,684.13M 2,619.24M 2,751.63M 2,721.76M 2,679.40M
Total liabilities 1,284.71M 1,305.60M 1,456.14M 1,397.17M 1,537.30M
Total equity 1,359.07M 1,266.24M 1,252.55M 1,276.75M 1,307.40M
Operating cash flow 182.89M 134.23M 159.08M 195.03M 64.77M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,115.62M 974.37M 957.64M 1,028.09M 1,234.98M
Gross Profit 228.47M 238.35M 184.32M 117.74M 169.22M
Operating income 103.34M 131.71M 101.29M 36.14M 81.62M
Income before tax 114.48M 159.98M 93.81M 43.38M 76.01M
Net income 88.91M 111.44M 64.25M 23.96M 51.50M
EBITDA 147.00M 160.10M 150.84M 86.44M 136.81M
Diluted EPS 0.03 0.00 0.02 0.01 0.02
Dividends Per Share 0.02 0.02 0.01 0.00 0.01
Total Assets 2,046.91M 1,933.73M 1,932.53M 2,025.72M 1,979.83M
Total liabilities 979.72M 963.90M 1,022.68M 1,039.87M 1,135.92M
Total equity 1,036.42M 934.84M 879.69M 950.24M 966.05M
Operating cash flow 134.82M 98.83M 115.96M 142.74M 48.02M

Valuation Measures

Mar 2022
Operating margin6.60%
Profit margin4.17%

Key executives

  • Group Chief Executive Officer & Director: Heng Wee Phang
  • Chief Financial Officer: Yen Shan Yik
  • Co-Secretary, Head-Legal & Compliance: Ooi Wei Hsin
  • Group Chief Human Resources Officer: Cynthia Lee
  • Co-Secretary: Mei Mei Low


  • Singapore Telecommunications Ltd. (21.7%)
  • Alibaba Group Holding Ltd. (14.4%)
  • The Vanguard Group, Inc. (1.6%)
  • Singapore Post Ltd. (1.1%)
  • Dimensional Fund Advisors LP (0.9%)
  • Norges Bank Investment Management (0.8%)
  • BlackRock Fund Advisors (0.8%)
  • Nikko Asset Management Asia Ltd. (0.5%)
  • Toh Capital Pte Ltd. (0.4%)
  • HENG SIEW ENG (0.3%)

Contact Details

  • Website:
  • Address: 10 Eunos Road 8, Singapore Post Centre, Singapore, 408600, Singapore
  • Phone: +65.6841.2000

Related Companies

  • Famous Container Lines Co., Ltd.
  • Sino-Famous Intertrans Co., Ltd.
  • Mercury Worldwide (NZ) Ltd.
  • Quantium Express Solutions (India) Pvt Ltd.
  • SingPost Australia Investments Pty Ltd.
  • SP Jagged Peak LLC
  • SingPost Logistics Holdings Pte Ltd.
  • SingPost Logistics Australia Holdings Pty Ltd.
  • Quantium Solutions (Thailand) Co., Ltd.
  • Quantium Solutions (New Zealand) Pty Ltd.
  • PT Quantium Solutions Logistics Indonesia
  • Couriers Please Pty Ltd.
  • Couriers Please Australia Pty Ltd.
  • SingPost Group Treasury Pte Ltd.
  • SingPost Logistics Enterprise Pte Ltd.
  • SP eCommerce (Thailand) Co., Ltd.
  • SP eCommerce (Malaysia) Sdn. Bhd.
  • SingPost Investments (Toh Guan) Pte Ltd.
  • Quantium Solutions (Taiwan) Co., Ltd.
  • Quantium Solutions (Philippines), Inc.
  • L+S Storage Pte Ltd.
  • Famous Air & Sea Services Pte Ltd.
  • Trans Ocean Pacific Forwarding BV
  • Quantium Solutions International (Malaysia) Sdn. Bhd.
  • SingPost Centre (Retail) Pte Ltd.
  • SingPost Distribution Pte Ltd.
  • SingPost eCommerce Logistics Holdings Pte Ltd.
  • SP LLC
  • Quantium Solutions (Hong Kong) Ltd.
  • SingPost Investments (Ecommerce Logistics) Pte Ltd.


    Last Updated on 4 Oct, 2022

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