Corporate Monitor Limited (CML) issued a critical report analyzing Singapore Post Ltd (SingPost), revealing significant challenges across its businesses. SingPost’s decade of underperformance, marked by unprofitable acquisitions and a weakened balance sheet, is highlighted, along with concerns about its strategic direction, high debt, and governance issues. CML questions the synergy between SingPost’s diverse business units and suggests a potential sale or restructuring is necessary to improve its financial health and regain investor confidence. The report emphasizes the importance of SingPost’s Australian logistics business, and its future is closely tied to the overall success or failure of the company.
Explore the full insights through the following report:
• Singapore Post: Analysis of its Strategic Transformation and Governance 2024