The Business Times
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HOCK LOCK SIEW

Time’s not ripe for SingPost to sell its flagship building

The company’s bid to unlock value for shareholders is commendable, but its property sub-segment is among the better-performing ones in terms of operating profit

Summarise
Tay Peck Gek

Tay Peck Gek

Published Wed, May 21, 2025 · 05:16 PM
    • SingPost Centre recorded increased rental income amid a higher overall occupancy rate of 98.2% as at Mar 31, compared to 96.2% as at end-FY2024.
    • SingPost Centre recorded increased rental income amid a higher overall occupancy rate of 98.2% as at Mar 31, compared to 96.2% as at end-FY2024. PHOTO: BT FILE

    [SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results.

    The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from disposal of its Australian logistics business.

    But shareholders’ focus was not only on the special payout – the net loss of S$461,000 for SingPost’s second half of the year was clearly not lost on them.

    SingPostHock Lock Siew

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