SingPost’s bid to raise market value might not yield immediate results
SINGAPORE Post (SingPost) : S08 0% appears intent on making efforts to revive its fortunes and lift the stock’s declining market value amid the postal services sector’s structural decline.
Last week, the national postal service provider announced the completion of a strategic review aimed at enhancing shareholder value and to ensure that the group is properly valued.
It also laid out plans to pivot to becoming a pure-play logistics provider, including divesting non-core assets and businesses such as the retail-commercial mixed development SingPost Centre.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
The dog ate Japan’s plan to phase out coal power
Singapore offices await a new wave of tenants
Climate philanthropy key to South-east Asia’s green transition
Without a game changer, Sentosa Cove condos will continue underperforming
Social media is fragmenting further. Is that really such a bad thing?
Relative measures can be absolutely wrong