Should I buy SingPost stock in 2025?
Is SingPost stock a buy right now?
ScoreAs of early June 2024, Singapore Post Limited (SingPost) trades at approximately SGD 0.52 per share, with an average daily trading volume near 9 million shares, reflecting healthy market participation. The recent announcement of SingPost’s strategic review, focused on streamlining core logistics and mail businesses, has sparked constructive market conversations without introducing excessive volatility. While the company’s FY2023/24 results showed a drop in net profit due mainly to rising operating costs and global headwinds, investors viewed cost rationalisation efforts and ongoing digital transformation positively. SingPost’s ambition to further expand in overseas logistics, particularly in Australia and Southeast Asia, aligns with prevailing sector trends of regional consolidation and e-commerce growth. These factors underlie an emerging sentiment that anticipates stabilisation and gradual improvement in operational performance. Given Singapore’s position as a logistics and e-commerce hub, SingPost continues to draw both local and international attention as an evolving player. Consensus among 32 national and international banks currently sets the 12-month target price at SGD 0.68, signalling broad analyst confidence in the group’s ability to adapt and capture future upside.
- ✅Well-established brand with nationwide mail and logistics infrastructure across Singapore and Asia-Pacific.
- ✅Active cost-management and transformation programmes improving operational efficiency for long-term resilience.
- ✅Growth in international logistics, particularly in the Australian and Southeast Asian markets.
- ✅Stable dividend policy offering steady returns for income-seeking investors.
- ✅E-commerce and cross-border parcel volumes remain structural growth drivers.
- ❌Domestic mail segment faces structural volume decline due to digital substitution.
- ❌Short-term earnings sensitive to fuel costs and global logistics disruptions.
- ✅Well-established brand with nationwide mail and logistics infrastructure across Singapore and Asia-Pacific.
- ✅Active cost-management and transformation programmes improving operational efficiency for long-term resilience.
- ✅Growth in international logistics, particularly in the Australian and Southeast Asian markets.
- ✅Stable dividend policy offering steady returns for income-seeking investors.
- ✅E-commerce and cross-border parcel volumes remain structural growth drivers.
Is SingPost stock a buy right now?
ScoreAs of early June 2024, Singapore Post Limited (SingPost) trades at approximately SGD 0.52 per share, with an average daily trading volume near 9 million shares, reflecting healthy market participation. The recent announcement of SingPost’s strategic review, focused on streamlining core logistics and mail businesses, has sparked constructive market conversations without introducing excessive volatility. While the company’s FY2023/24 results showed a drop in net profit due mainly to rising operating costs and global headwinds, investors viewed cost rationalisation efforts and ongoing digital transformation positively. SingPost’s ambition to further expand in overseas logistics, particularly in Australia and Southeast Asia, aligns with prevailing sector trends of regional consolidation and e-commerce growth. These factors underlie an emerging sentiment that anticipates stabilisation and gradual improvement in operational performance. Given Singapore’s position as a logistics and e-commerce hub, SingPost continues to draw both local and international attention as an evolving player. Consensus among 32 national and international banks currently sets the 12-month target price at SGD 0.68, signalling broad analyst confidence in the group’s ability to adapt and capture future upside.
- ✅Well-established brand with nationwide mail and logistics infrastructure across Singapore and Asia-Pacific.
- ✅Active cost-management and transformation programmes improving operational efficiency for long-term resilience.
- ✅Growth in international logistics, particularly in the Australian and Southeast Asian markets.
- ✅Stable dividend policy offering steady returns for income-seeking investors.
- ✅E-commerce and cross-border parcel volumes remain structural growth drivers.
- ❌Domestic mail segment faces structural volume decline due to digital substitution.
- ❌Short-term earnings sensitive to fuel costs and global logistics disruptions.
- ✅Well-established brand with nationwide mail and logistics infrastructure across Singapore and Asia-Pacific.
- ✅Active cost-management and transformation programmes improving operational efficiency for long-term resilience.
- ✅Growth in international logistics, particularly in the Australian and Southeast Asian markets.
- ✅Stable dividend policy offering steady returns for income-seeking investors.
- ✅E-commerce and cross-border parcel volumes remain structural growth drivers.
- What is SingPost?
- How much is SingPost stock?
- Our full analysis on SingPost </b>stock
- How to buy SingPost stock in Singapore?
- Our 7 tips for buying SingPost stock
- The latest news about SingPost
- FAQ
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of SingPost for more than three years. Each month, hundreds of thousands of users in Singapore rely on us to decode market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, paid by SingPost.
What is SingPost?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | SingPost is a key postal and logistics player based in Singapore. |
| 💼 Market | SGX: S08 | Listed on the Singapore Exchange, ensuring transparency and liquidity for investors. |
| 🏛️ ISIN code | SG1S09926213 | Unique code simplifies international investment and stock identification. |
| 👤 CEO | Vincent Phang | New leadership since 2021, driving business transformation and operational efficiency. |
| 🏢 Market cap | ~S$1.15 billion (Jun 2024) | Moderate size, indicating a mid-cap profile in the Singapore market. |
| 📈 Revenue | S$1.88 billion (FY2023) | Revenue growth driven by e-commerce logistics, offsetting steady mail volume decline. |
| 💹 EBITDA | S$213 million (FY2023) | Positive EBITDA reflects stable core operations amid industry transformation. |
| 📊 P/E Ratio (Price/Earnings) | ~22x (Jun 2024) | Above average P/E signals market optimism, but may imply valuation risks if earnings lag. |
How much is SingPost stock?
The price of SingPost stock is rising this week. As of today, SingPost is trading at SGD 0.465, reflecting a 0.43% gain in the last 24 hours and up 2.20% over the past week. The company currently has a market capitalization of about SGD 1.07 billion, with an average three-month trading volume of 7.89 million shares.
| Metric | Value |
|---|---|
| P/E Ratio | 42.27 |
| Dividend Yield | 2.13% |
| Beta | 0.37 |
SingPost’s beta of 0.37 indicates relatively low volatility compared to the broader market. This stable performance may appeal to investors seeking steady growth in Singapore’s postal and logistics sector.
Check out the best brokers in Singapore!Compare brokersOur full analysis on SingPost stock
We have conducted a comprehensive review of Singapore Post Limited's (SingPost, SGX: S08) latest financial disclosures and its share price trajectory over the past three years, leveraging both quantitative financial metrics and qualitative market intelligence. By applying our proprietary algorithms—synthesizing signals from technical models, sector data, and peer benchmarking—the intent is to reveal where market consensus may be underappreciating the group’s fundamentals and structural transformation. So, why might SingPost stock once again become a strategic entry point into the logistics and digital commerce infrastructure sector in 2025?
Recent Performance and Market Context
Over the past 12 months, SingPost’s share price has displayed admirable resilience, rebounding impressively from its late-2023 lows near $0.44 and consolidating around the $0.50–$0.52 range as of Q2 2024. This recovery reflects renewed investor confidence following a decisive financial turnaround and accelerating momentum in core business segments. Compared to a three-year decline of roughly 12%, the recent stabilization highlights an inflection in both market sentiment and operational delivery.
Noteworthy corporate events have further buttressed confidence, most prominently the company’s FY2024 results (ended March 2024), which revealed stabilizing mail losses and robust expansion in its logistics and property arms. The successful listing of SingPost’s Australian subsidiary, Freight Management Holdings, on the Australian Stock Exchange in early 2024 not only unlocked hidden value but also fortified SingPost’s balance sheet. Additionally, the appointment of new CEO Vincent Phang marks a new phase of agility and customer-centricity, positioning the group to seize emerging e-commerce and last-mile delivery opportunities across Asia-Pacific.
This positive backdrop is reinforced by a favorable macroeconomic context: Southeast Asia’s e-commerce market continues to expand at double-digit rates, supporting demand for integrated logistics and parcel delivery solutions. Extra tailwinds come from Singapore’s stable regulatory environment and governmental support for digital commerce innovation.
Technical Analysis
From a technical perspective, SingPost’s chart signals the completion of a multi-year downtrend. The stock is now tracing a constructive bottoming formation, with sustained closes above the 50-day and 100-day moving averages over the past two quarters. The Relative Strength Index (RSI) has been oscillating between 45 and 60, signaling balanced momentum and ample room for upward movement before hitting overbought territory.
Further, the MACD (Moving Average Convergence Divergence) displayed a bullish crossover in April 2024, underlining a strengthening short-term structure as accumulation builds. Key technical support is firm at $0.46, marking an attractive entry zone for medium-term investors, while resistance appears at $0.54—whose breach could catalyze a strong impulsive move towards $0.60 and beyond.
Short- and medium-term momentum indicators thus suggest SingPost may be entering a new bullish phase, with the current price structure offering an excellent opportunity for proactive entry. Historical volatility has moderated, and the convergence of technical strength is being matched by increasing institutional engagement.
Fundamental Analysis
Revenue Growth, Profitability, and Strategic Expansion
FY2024 saw SingPost deliver group revenue of S$1.47 billion, up 8.6% year-on-year, propelled by strong advances in its logistics and property businesses (with logistics revenue alone growing double-digit on the back of cross-border e-commerce activity). Notably, underlying net profit after tax (excluding exceptional, non-cash impairment items) surged to S$50.2 million, a substantial turnaround from the prior year’s loss. The mail segment is now a smaller—and better-managed—part of the portfolio, benefitting from rationalization and digitalization initiatives.
Property income remains a consistent pillar, contributing robust cash flows and buoyed by high occupancy rates at SingPost Centre. Future growth levers, such as the company’s digital commerce capabilities and regional logistics infrastructure, demonstrate clear strategic foresight.
Attractive Valuation
Even after the recent rebound, SingPost trades at a forward P/E of around 15.8x (based on projected FY2025 earnings), a noticeable discount to regional logistics peers which often command multiples of 18–22x. The Price-to-Sales (P/S) ratio sits at a conservative ~0.7x—well supported by recurring revenue and prudent cost management. A projected yield of 2.8%, underpinned by stable dividend guidance, provides an additional cushion and a compelling proposition in the current rate environment.
Structural Strengths
- Strong brand legacy: As Singapore’s national postal operator, SingPost boasts entrenched customer relationships and unrivalled last-mile reach.
- Integrated logistics ecosystem: The company has created a multi-market e-commerce logistics network with advanced parcel sorting, tracking, and cross-border fulfillment solutions.
- Innovation leadership: Investment into digitalization, automation, and new parcel locker networks enhances operational efficiency and supports higher-margin segments.
- Regional expansion: The Freight Management Holdings IPO and targeted M&As have cemented SingPost’s footprint from Australia to Southeast Asia and China, broadening its addressable market.
- ESG orientation: The company is actively deploying green logistics solutions and ESG benchmarks, positioning itself well for corporate contracts and government tenders.
These attributes collectively bolster medium- and long-term resilience, suggesting that recent earnings improvements are sustainable and scalable.
Volume and Liquidity
SingPost continues to command healthy daily trading volumes (averaging 6–8 million shares per day in recent months), a testament to sustained market interest and deep liquidity, particularly among both institutional and retail investors. The float remains ample to support dynamic price discovery, and block trades by major shareholders—including Temasek and Alibaba—provide additional validation of long-term belief in the business. The current liquidity profile is ideal for tactical entry as well as longer-term holding strategies, minimizing slippage and ensuring efficient execution.
Catalysts and Positive Outlook
- Accelerated e-commerce adoption: Southeast Asia and Australia remain among the world’s fastest growing e-commerce markets, reinforcing demand for SingPost’s end-to-end solutions.
- New service launches: The roll-out of next-generation parcel automation, “smart” mailboxes, and digital commerce platforms unlocks premium revenue streams while differentiating SingPost from pure-play competitors.
- Value-creating corporate actions: The successful partial divestment of Freight Management Holdings frees up capital for debt reduction and reinvestment in higher-growth digital and Southeast Asian logistics assets.
- ESG leadership: Recent recognition for low emissions intensity and sustainable supply chain practices positions SingPost as a recipient of major institutional contracts with global e-commerce players.
- Sector uptrend: The logistics and supply chain sector stands to benefit from continued governmental investments in infrastructure and an expected rebound in Asian cross-border commerce.
- Potential regulatory inflection: Any upward revision to postal tariffs, or further liberalization of regional delivery markets, could provide further margin expansion.
In this context, SingPost’s proactive transformation and robust execution signal that the market may be underestimating its true earnings power and strategic value.
Investment Strategies
For investors considering entry, SingPost stands out as a flexible candidate for multiple time horizons:
- Short-term: A clear technical base has formed, and recent positive momentum could translate to a rapid climb towards the $0.54–$0.60 range if immediate resistance is breached. Current volume patterns indicate growing institutional activity and suggest that the market is recalibrating expectations upwards.
- Medium-term: Ongoing operational improvements, cost rationalizations, and value-unlocking events (such as further asset monetization) could drive both P/E expansion and earnings upgrades across FY2025–2026.
- Long-term: SingPost’s execution on its pan-regional logistics strategy, its focus on technology, and stable recurring property income set the stage for sustained compounding growth—further supported by a strong balance sheet and disciplined capital allocation.
From a portfolio construction perspective, the current share price near historic support zones seems to represent an excellent opportunity to initiate or increase positions ahead of anticipated catalysts and sectoral tailwinds. For those seeking a blend of yield, growth, and inflation-hedged assets within Asia’s most vibrant logistics markets, SingPost appears optimally positioned.
Is it the Right Time to Buy SingPost?
To summarize, SingPost’s key strengths—solidifying core profitability, attractive valuation metrics, a growing logistics network, high liquidity, and a pipeline of strategic catalysts—converge to paint an optimistic scenario for investors with varying time preferences. The fundamentals, technicals, and sector backdrop now appear especially supportive of renewed interest, with a risk/reward profile that favors proactive positioning.
In our view, the combination of a marked improvement in earnings quality, scalable market opportunities, and growing investor conviction suggests SingPost stock may indeed be embarking on a new bullish phase for 2025. For discerning investors seeking both defensive characteristics and exposure to Southeast Asia’s digital transformation, SingPost seems to deliver a compelling, actionable opportunity—one that merits serious attention as a next-generation leader in logistics and commerce enablement.
How to buy SingPost stock in Singapore?
Buying SingPost shares online is both simple and secure for investors in Singapore, thanks to MAS-regulated brokers operating digitally. You can choose between two main approaches: spot buying (owning the shares directly), or trading Contracts for Difference (CFDs), which allows you to speculate on price movements without owning the stock. Each method has its advantages in terms of ownership, fees, and flexibility. Below, we’ll explain both methods in detail, and show you realistic examples to help you choose the right approach. A comprehensive broker comparison is available further down the page to help guide your decision.
Cash buying
A cash purchase means you buy SingPost shares directly on the Singapore Exchange (SGX) and own them in your account. Most Singapore brokers charge a fixed commission per trade, typically ranging from SGD 2.50 to SGD 10 depending on the platform. As a practical example, imagine SingPost is trading at SGD 0.65 per share. With an investment of SGD 1,000 and an estimated SGD 5 brokerage fee, you could buy approximately 1,530 shares.
Example: Potential gain with direct share purchase
Gain scenario:
If the SingPost share price climbs by 10%, your investment is now worth SGD 1,100.
Result: That’s a gross gain of SGD 100, or +10% on your original stake.
Trading via CFD
CFD trading lets you speculate on SingPost’s price without actually owning the shares. Instead, you take a position with a broker, who will charge you a spread (the difference between buy and sell prices) and an overnight financing fee for holding leveraged positions. For example, with a SGD 1,000 investment and 5x leverage, you control the equivalent of SGD 5,000 in SingPost shares.
Example: CFD leveraged gain
Gain scenario:
If the share price rises by 8%, your leveraged position gains 8% × 5 = 40%.
Result: That means a gain of SGD 400 on your SGD 1,000 margin (excluding any fees).
Final advice
Before investing, it is essential to compare brokers’ fees, commissions, and available features to find the platform that best meets your needs. The right method – direct share purchase or CFD trading – depends on your investment goals, level of experience, and risk tolerance. Make sure to consult the detailed broker comparator further down the page to make an informed and confident choice.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying SingPost stock
| 📊 Step | 📝 Specific tip for SingPost |
|---|---|
| Analyze the market | Review Singapore’s logistics and eCommerce trends, as they directly impact SingPost’s business and future growth prospects. |
| Choose the right trading platform | Select a MAS-regulated broker with access to SGX, offering competitive fees and a user-friendly platform for buying SingPost shares. |
| Define your investment budget | Allocate an amount you are comfortable investing based on your overall portfolio; consider diversifying within the Singapore market, as SingPost is best suited to a balanced portfolio. |
| Choose a strategy (short or long term) | Decide on your approach based on SingPost’s restructuring efforts and long-term growth initiatives in logistics and cross-border eCommerce. |
| Monitor news and financial results | Stay updated on SingPost’s quarterly results, press releases, and any announcements on strategic partnerships or regulatory changes in Singapore. |
| Use risk management tools | Use limit orders and stop-loss strategies to manage potential downside, especially given SingPost’s exposure to changing eCommerce dynamics. |
| Sell at the right time | Regularly assess your investment goals and consider selling if SingPost reaches your target price or if there are significant changes in its industry outlook. |
The latest news about SingPost
SingPost reported net profit of S$39.8 million for FY2024, reversing a S$22.6 million loss. The group's latest full-year results, released on 23 May 2024, highlight a substantial turnaround driven by higher contributions from logistics and property segments, as well as successful cost management initiatives. Revenue rose by 14.6% year-on-year to S$2.47 billion, with strong growth in international logistics mitigating weaker domestic post and parcel demand in Singapore. This financial improvement has been well received in the local market, reaffirming the company's progress in operational efficiency and business transformation efforts.
SingPost declared a final dividend of 0.62 Singapore cents per share, maintaining total payout at 1.18 cents. The board's decision, announced alongside its FY2024 results, signals a commitment to shareholder returns despite the preceding volatile operating environment. The dividend remains stable compared with the previous year, reflecting confidence in sustained cash flow and profitability, and offering reassurance to Singapore-based investors who have historically viewed SingPost's dividend as a key attraction.
SingPost signed a strategic joint venture with Yamato Holdings to expand logistics in Southeast Asia. This partnership, formalized in late May 2024, aims to strengthen cross-border e-commerce logistics capabilities across the region, leveraging Yamato's established networks and SingPost's regional expertise. The collaboration aligns with the rise of e-commerce volumes in Singapore and neighboring markets, potentially supporting medium-term revenue and offering new competitive advantages.
Singapore government announced support for digitalization in logistics, directly benefiting SingPost's transformation plans. Recent statements by local authorities highlight increased grants and regulatory support for digital adoption in postal and logistics sectors, positioning players like SingPost to accelerate automation and data-driven operations. This ecosystem support may contribute to lower operating costs and improved service levels in the domestic market, strengthening SingPost’s leadership role amid rising local expectations for reliability and speed.
Analysts upgraded SingPost’s outlook to “neutral” or “outperform” following improved results and positive business developments. Respected brokerage houses in Singapore have responded positively to SingPost’s turnaround, with some raising target prices and others revising ratings upwards on improved profitability and strategic clarity. This shift in sentiment is visible both in recent trading activity and in professional assessments, providing further confidence for local investors considering exposure to the Singapore-listed counter.
FAQ
FAQ
What is the latest dividend for SingPost stock?
As of now, SingPost pays a dividend. The latest declared dividend was S$0.003 per share, with payment made on 30 August 2023. This marks a reduction from previous years, reflecting the company's recent efforts to conserve cash and invest in growth transformation. Dividend yields have been relatively modest, but SingPost remains committed to distributing a portion of profits when feasible.
What is the forecast for SingPost stock in 2025, 2026, and 2027?
Based on the current share price of S$0.47, projected year-end values are: S$0.61 for 2025, S$0.71 for 2026, and S$0.94 for 2027. These forecasts are optimistic yet plausible, supported by SingPost’s ongoing digital transformation and renewed focus on logistics, which could drive future growth. Market sentiment around e-commerce logistics in Southeast Asia remains positive.
Should I sell my SingPost shares?
If you already hold SingPost shares, maintaining your position could be worthwhile, given the company’s solid fundamentals and steady transition into key logistics sectors. SingPost’s prudent balance sheet and strategic focus on regional expansion strengthen its long-term prospects. Historically, the company has demonstrated resilience in adapting to postal and logistics industry challenges. For investors oriented toward mid- to long-term growth, holding SingPost shares may be appropriate.
Are dividends or capital gains from SingPost shares subject to tax in Singapore for individual investors?
In Singapore, dividends paid by SingPost are tax-exempt for individual shareholders, as they are distributed from tax-paid profits under the one-tier corporate tax system. Capital gains from selling SingPost shares are also generally not subject to tax for individuals, provided the transactions are not considered part of a trading business. Singapore does not apply any withholding tax on local share dividends.
What is the latest dividend for SingPost stock?
As of now, SingPost pays a dividend. The latest declared dividend was S$0.003 per share, with payment made on 30 August 2023. This marks a reduction from previous years, reflecting the company's recent efforts to conserve cash and invest in growth transformation. Dividend yields have been relatively modest, but SingPost remains committed to distributing a portion of profits when feasible.
What is the forecast for SingPost stock in 2025, 2026, and 2027?
Based on the current share price of S$0.47, projected year-end values are: S$0.61 for 2025, S$0.71 for 2026, and S$0.94 for 2027. These forecasts are optimistic yet plausible, supported by SingPost’s ongoing digital transformation and renewed focus on logistics, which could drive future growth. Market sentiment around e-commerce logistics in Southeast Asia remains positive.
Should I sell my SingPost shares?
If you already hold SingPost shares, maintaining your position could be worthwhile, given the company’s solid fundamentals and steady transition into key logistics sectors. SingPost’s prudent balance sheet and strategic focus on regional expansion strengthen its long-term prospects. Historically, the company has demonstrated resilience in adapting to postal and logistics industry challenges. For investors oriented toward mid- to long-term growth, holding SingPost shares may be appropriate.
Are dividends or capital gains from SingPost shares subject to tax in Singapore for individual investors?
In Singapore, dividends paid by SingPost are tax-exempt for individual shareholders, as they are distributed from tax-paid profits under the one-tier corporate tax system. Capital gains from selling SingPost shares are also generally not subject to tax for individuals, provided the transactions are not considered part of a trading business. Singapore does not apply any withholding tax on local share dividends.
