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
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[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.
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