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SingPost’s bid to raise market value might not yield immediate results

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Tay Peck Gek

Tay Peck Gek

Published Thu, Mar 28, 2024 · 05:00 AM
    • Proceeds from the sale of SingPost Centre - that is if the divestment gets the green light from authorities and shareholders - will go towards paying off debt, funding investments and rewarding shareholders.
    • Proceeds from the sale of SingPost Centre - that is if the divestment gets the green light from authorities and shareholders - will go towards paying off debt, funding investments and rewarding shareholders. PHOTO: BT FILE

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    SINGAPORE Post (SingPost) 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.

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