15 February 2023
Under the Radar: SingPost on price increases, dilution of its stakes in Shenzhen 4PX Information and Technology, potential acquisition of Freight Management Holdings, Expansion plans in Australia, Competition with third party logistics providers
Stamps, parcels and postage fees - that’s right - we are putting the spotlight on the postal and parcel industry today.
In particular, we’re going to be looking at Singapore Post, which has seen a number of developments of late.
The company is raising postage rates for postage, package delivery and doorstep parcel delivery this year as a result of the Goods and Services Tax hike as well as other inflationary cost increases.
On the investment front, SingPost will dilute and potentially sell its stake in Chinese e-commerce provider, Shenzhen 4PX Information and Technology,
Yet at the same time, the firm also expects to eventually acquire the whole of Freight Management Holdings, a leading 4th party logistics service company in Australia, to tap the fast growing market there.
What are the reasons behind the rebalancing of its portfolio and the adjustment of prices, and really, what’s next for SingPost?
On Under the Radar, Drive Time’s Finance Presenter Chua Tian Tian posed these questions to Lee Eng Keat, Head, Strategy & Programs Office at SingPost.

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