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| SingPost | Symbol: S08 |
Currency: Singapore Dollar |
| Last: | 1.08 | No Change | Vol (K): 579.0 |
| Trading | |||||
| Updated Time | 24-Mar 11:09 | ||||
| Open | 1.09 | High | 1.09 | Low | 1.08 |
| Prev Close | 1.08 | Buy | - | Sell | - |
| Volume(K) | 579.0 | Buy Vol(K) | - | Sell Vol(K) | - |
| 52 Wk High | 1.09 | 52 Wk Low | 0.76 | 52 Wk Avg Vol | 4660.211 |
| All Time High | 1.31 | All Time Low | 0.605 | ||
| Comments | Near 52 wk high | ||||
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials | |||
| Date Updated | 26 Feb 2010 | Financial Year | 31 Mar 2009 |
| Current Year Profit (After Tax) $'000,000 |
148.805 | Previous Year Profit (After Tax) $'000,000 |
149.277 |
| Net Asset Per Share | 0.13 | Turnover $'000,000 | 69.31 |
| Current Year EPS (After Interest and Tax) |
0.08 | Previous Year EPS (After Interest and Tax) |
0.08 |
| PE Ratio (After Tax) | 13.1 | Times Covered | 1.2 |
| Price (at update time) | 1.05 | Dividend Yield | 0.06 |
*Technical Analysis Information is updated Daily
| Technicals | |||||
| RSI | 57.14 | Williams %R | -33.33 | ||
| Comments (RSI) | No Info | Comments (W%R) | No Info | ||
Summary: Singapore Post (SingPost) is issuing S$200m in principal amount of fixed rate notes due 2020 with a coupon rate of 3.5%. We had previously mentioned that the group may have to replace or upgrade its mail processing system by undertaking capex plans gradually. SingPost also has bonds maturing in Apr 2013. In our view, it is also an opportune time to issue bonds now when interest rates are still low.
By ANGELA TAN
SINGAPORE - Standard & Poor's Ratings Services (S&P's) revised the rating outlook on Singapore Post Ltd (SingPost) to negative from stable.
At the same time, S&P's affirmed its 'AA-' long-term corporate credit rating and 'axAAA' Asean regional scale rating on SingPost.
It also assigned its 'AA-' issue rating and 'axAAA' Asean regional scale rating to the company's proposed issue of Singapore dollar (S$) 200 million (US$143 million) fixed rate notes due 2020.
'We revised the outlook to negative to reflect SingPost's weaker credit protection metrics for the next two years and uncertainty over the outcome of the company's M&A activities,' said S&P's credit analyst Andrew Wong.
'The affirmed ratings reflect the company's very strong market position in its core domestic and international mail business, high operating efficiency, and solid cash flow measures.'
S&P's believes SingPost has an excellent business risk profile. The company maintains a very strong market position in the domestic and international mail business in Singapore, despite the opening-up of the basic domestic and international letter and postcard business to competition in April 2007. It has a significant share of the domestic delivery mail market, which contributed about 65 per cent to total revenues and 65 per cent to total operating profit for the nine months ended Dec 31, 2009.
S&P's expects SingPost to maintain the last-mile access of its distribution network.
It said SingPost's financial risk profile is modest and underpinned by solid cash flow measures. The company's leverage will increase with the proposed notes issuance.
S&P's expects the global economic recovery to have a positive impact on demand for mail services.
'SingPost has geographical concentration and somewhat limited growth opportunities in its main postal services business. This may lead to aggressive initiatives to enhance shareholders' returns, such as entry into more competitive and lower-margin business segments including hybrid mail and logistics. We believe that such initiatives may result in the company taking longer than expected to repair its credit metrics,' said Mr Wong.
In line with the industry trend, S&P's expects operating cost pressures to continue, especially because of Singapore's reclassification as a 'New Target Country' by the Universal Postal Union that will increase net terminal dues payments for international mailing.
By ANGELA TAN
SINGAPORE - Singapore Post Limited (SingPost) said on Tuesday that it is proposing to issue up to $200 million (US$143 million) worth of fixed rate notes due 2020.
DBS Bank Ltd and UBS AG, Singapore Branch have been appointed as the joint lead managers for the proposed notes issue.
The notes will be issued in the denomination of $250,000 and will have a tenor of 10 years from their date of issue.
SingPost expects to use the net proceeds to finance new investments as part of its growth strategy as well as for capital expenditure and working capital requirements.
temp123 ( Date: 30-Jan-2010 17:45) Posted:
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Both 3Q and 9M OPM increases.
Assuming 4Q EPS increases by about 10%, from 1.74c to 1.9c. Add that to the 9M EPS of 6.44c = 8.35c. Multiply with current PE of 12.6, the price should be $1.05.Not fantastic, but the support is there.
Too early to tell.
Repost here as the previous forum title may not apt.
Will it reach 1.15 in May ?
market lao sai this few days, this counter seems holding quite strong with quite big vols trade.
recently, got this Ta-Q-bin service may be a hit to singpost biz. but still it has quite a few good properties and will be support if anything happen i think. Dividends is abt 6+% now with next one coming in next few weeks.
I was thinking of cashing this counter out for some cash first as yield is not very attractive anymore. Any kind opinions to share here?
http://www.sgx.com/wps/portal/marketplace/mp-en/listed_companies_info/corporate_actio
check this link, should give dividents in Nov!
aircraft ( Date: 13-Oct-2009 09:22) Posted:
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Peg_li ( Date: 08-Oct-2009 21:45) Posted:
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tonylim ( Date: 12-Oct-2009 10:05) Posted:
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temp123 ( Date: 12-Oct-2009 09:30) Posted:
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Don't forget this stock can also plunge just like any other.
SingPost was $0.60 just a few months ago.
I got a value of $0.80 using Free CashFlow.
Any one has any idea who is Capital Group ? Is it related to government 'coz previously I see a lot of selling by them on other GLCs.
They have been selling SingPost for quite a while now .. which probably explained the depressed price
When the rest of my other counters were rising, this stock sat still at 0.92 without any movement.
The good thing about this stock is, when the rest of my other counters went through a turmoil last week, it still stood at 0.92.
Thanks Peg Li, it's not stated in the sgx webby.
It only serves as a fixed deposit but share price not moving at all, will offload some when it reaches 0.935