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Singapore Post ( (SG:S08) ) just unveiled an update.
SingPost has announced a S$30 million investment to enhance its Regional eCommerce Logistics Hub’s processing capacity, increasing its ability to handle up to 300,000 small parcels daily. This strategic move aims to consolidate operations and position SingPost as a key player in the fragmented eCommerce logistics market, potentially leading to more integrated and sustainable logistics solutions.
More about Singapore Post
Singapore Post Limited (SingPost) operates in the logistics and postal services industry, focusing on eCommerce logistics. It provides a range of services including parcel delivery and postal services, with a market focus on enhancing its infrastructure to support eCommerce growth.
YTD Price Performance: -2.05%
Average Trading Volume: 13,310
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $954.1M
See more data about S08 stock on TipRanks’ Stock Analysis page.