Several major companies are reporting earnings this week — which SG company are you keeping an eye on?
$SingPost(S08.SI)$ reported a net profit of $18.4 million, but underlying net profit, excluding exceptional gains, fell 78% year-on-year, from $25.2 million to $5.5 million. Total revenue declined 27.4% to $188.4 million, mainly due to a slump in cross-border e-commerce volumes and the impact of discontinued operations.
The company’s logistics and letters division saw revenue drop 33.1% to $153.4 million, with an operating loss of $4.4 million (compared to a $13.7 million profit in 1H 2024/2025).
The property division remained a bright spot, with revenue rising 3.3% to $40.6 million and net profit slightly down 3.3% to $23.9 million, supported by 99.2% occupancy at SingPost Centre.
CEO Mark Chong emphasized that business streamlining and operational improvements helped offset the broader weakness in global logistics and e-commerce. The company is also conducting a strategic review, including the potential divestment of SingPost Centre.
$Singtel(Z74.SI)$ shares rose 2.16% on guidance lift.
The telecommunications giant raised its FY2026 operating companies (Opco) EBIT guidance from “high single digits” at the start of the year to a range of high single digits to low double digits.
The upgrade reflects a strong first-half performance, with Opco EBIT growing 14% in constant currency, driven by Australian telco Optus, technology services provider NCS, data centre operator Nxera, and Singtel’s local operations in Singapore.
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