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Singapore Post ( (SG:S08) ) has shared an announcement.
Singapore Post reported a significant decline in revenue and operating profit for the first quarter of FY25/26, primarily due to reduced international deliveries and increased market competition. The company has implemented cost management strategies following the divestment of its Australia business, resulting in decreased operating expenses. Despite these challenges, Singapore Post is focusing on operational efficiency and strategic market positioning, including the unwinding of cross-holdings with Alibaba.
The most recent analyst rating on (SG:S08) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Singapore Post stock, see the SG:S08 Stock Forecast page.
More about Singapore Post
Singapore Post operates in the postal and logistics industry, providing domestic and international delivery services. The company focuses on building market share, maximizing asset utilization, and enhancing customer service.
Average Trading Volume: 10,678,207
Technical Sentiment Signal: Buy
Current Market Cap: S$1.12B
See more data about S08 stock on TipRanks’ Stock Analysis page.