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14 Key Numbers to Know About Singapore Post Limited

Credit: Axisadman

Singapore Post Limited   (SGX: S08) was first listed in the Singapore stock market on 13 May 2003.

Singapore Post has come a long way from its earliest days of delivering snail mail to letterboxes around the Lion City. Today, it has three business segments: Postal, Logistics, and eCommerce. There is a lot more we can learn about Singapore Post. The firm’s latest annual report for the financial year ending 31 March 2017 provides us with more information.

From here, I picked out 14 numbers that could be interesting for investors:

  1. Singapore Post has a history stretching back 150 years. In the early days, there was a single mail office that collected and distribute letters around Singapore. The operation was run by three people. Today, Singapore Post’s operations extends to 19 markets around the world and has a workforce numbering over 7,500 people.
  2. Singapore Post has not given up on its traditional postal business. In FY16/17, the firm upgraded 38 of its 57 post offices to provide 24/7 access to services like parcel collection and bill payment. The postal firm also stayed true to its root by releasing 12 stamp issues, including a set which featured Singapore Olympic gold medalist, Joseph Schooling.    
  3. Singapore Post’s relationship with China’s AliBaba Group deepened. The postal firm had a hand to play on China’s Singles’ Day (held on 11 November – an apt date with a quartet of “1”s). Shipments on this day were processed from Singapore to its final destination within 24 hours.  
  4. On the logistics side, the 51,358 square meter Regional eCommerce Logistics Hub commenced operations on 1 November 2016. In May 2017, online retailer Lazada Singapore moved its entire warehouse operations into the hub.
  5. Singapore Post’s eCommerce segment also streamlined the operations at Jagged Peak and TradeGlobal, enabling it to serve customers in 19 markets. Jagged Peak provides solutions for omni-channel retail, while TradeGlobal fashions itself as an end-to-end eCommerce provider, providing services like content management, digital marketing, and analytics. The latter ran into trouble when one of its top customers went bankrupt, while another decided to move its operations in-house.          
  6. Singapore Telecommunications Limited (SGX: Z74) is Singapore Post’s biggest shareholder of Singapore Post with a 21.7% stake. China’s Alibaba Group is next with a 14.4% stake.

The numbers above help to quantify the different facets of Singapore Post’s business. If you would like to learn about the history of Singapore Post, go here .  

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.