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Hot stock: SingPost climbs 4.5% after talks of potential divestment of Australian business

Its Australia segment includes fourth-party logistics services, third-party logistics solutions and last-mile courier delivery

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Chloe Lim

Chloe Lim

Published Wed, Nov 27, 2024 · 01:49 PM
    • SingPost’s Australian segment logs a revenue of S$574.8 million for the half year ending Sep 30, up from S$398.8 million a year earlier.
    • SingPost’s Australian segment logs a revenue of S$574.8 million for the half year ending Sep 30, up from S$398.8 million a year earlier. PHOTO: BT FILE

    SHARES of Singapore Post (SingPost) were heavily traded on Wednesday (Nov 27) following “exclusive talks” of the potential sale of its Australian business. 

    The counter gained 0.9 per cent or S$0.005 to S$0.56 shortly after the market opened. At the midday trading break, the stock had traded up by 4.5 per cent or S$0.025 to S$0.58, with 19.8 million securities changing hands. 

    As at 1.10 pm, the group’s share price was up 3.6 per cent or S$0.02 to S$0.575. 

    Hot StockSingPostAustralia

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