Singapore Post (SG:S08) has released an update.
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Singapore Post Ltd. (SingPost) is conducting a strategic review expected to conclude by the end of fiscal 2024, which may significantly impact its earnings mix and overall competitiveness in the face of industry challenges. The company’s foray into the Australian market is seen as a move to counterbalance the risks associated with its domestic market concentration. Despite volatile logistics freight rates and increasing competition in Australia, SingPost maintains some stability through its property segment amid a structurally declining postal industry.
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