Asia300

Singapore Post Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Sep 22, 2017
Prev close: 1.245
Sep 22, 2017
Market cap:
Market cap(USD):
2,832.49M
2,106.8M
Shares: 2,275.09M

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 of postal, e-Commerce logistics and retail services. It operates through the following segments: Postal, Logistics, and e-Commerce. The Postal 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 e-Commerce segment provides front-end e-Commerce solutions. The company 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 2017

  • Local currency
  • US Dollar
Revenue 1,348.50M
Gross profit 263.73M
Operating income 104.09M
Income before tax 56.12M
Net income 18.52M
EBITDA 155.11M
Diluted EPS 0.00
Dividends per share 0.03
Total assets 2,716.58M
Total liabilities 1,256.14M
Total equity 1,359.32M
Operating cash flow 180.81M

Currency in SGD

Revenue 974.46M
Gross profit 190.58M
Operating income 75.22M
Income before tax 40.55M
Net income 13.38M
EBITDA 112.09M
Diluted EPS 0.00
Dividends per share 0.02
Total assets 1,944.16M
Total liabilities 898.98M
Total equity 972.82M
Operating cash flow 130.66M

Currency in USD

Valuation measures

Mar 2017

PER 160
ROA 0.72%
ROE 1.44%
Operating margin 7.71%
Profit margin 1.37%

Key executive

  • Chief Executive Officer & Non-Independent Director: Paul William Coutts
  • Group Chief Financial Officer: Sing Hok Mervyn Lim
  • Group Chief Information Officer: Ramesh Narayanaswamy
  • CEO-Postal Service & Senior Executive VP: Keng Leong Woo
  • Chief Executive Officer-Quantum Solutions: Sam Ang

Share holders

  • Singapore Telecommunications Ltd.(21.7%)
  • Alibaba Group Holding Ltd.(14.4%)
  • The Vanguard Group, Inc.(1.4%)
  • Norges Bank Investment Management(0.9%)
  • Dimensional Fund Advisors LP(0.8%)
  • Henderson Global Investors Ltd.(0.7%)
  • T. Rowe Price Hong Kong Ltd.(0.6%)
  • BlackRock Advisors (UK) Ltd.(0.5%)
  • BlackRock Fund Advisors(0.5%)
  • NTUC Enterprise Co-operative Ltd.(0.4%)

Address

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

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