7 Key Numbers to Know About Singapore Post Limited
Singapore Post Limited (SGX: S08) was first listed in the Singapore stock market in 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 fact-sheet and history, which is posted on its website, can help.
Here are seven numbers about Singapore Post that could be interesting for investors (data as of 30 December 2016 unless otherwise stated):
1. Singapore Post has a history stretching back 150 years. In the early days, there was a single mail office that collected and distributed letters around Singapore. The operation was run by three people.
2. Over time, the mail room was recognised as a “post office” under the Marine Office in October 1858. It was linked to the Malayan Postal Department in 1949 but Singapore took over in 1966 after the country gained independence in 1965.
3. In 1982, the Postal Services department was merged with the Telecommunication Authority of Singapore. After a decade, this was split into three entities: Telecommunication Authority of Singapore or TAS (now part of the Infocom Development Authority of Singapore), Singapore Telecommunications Private Limited (now Singapore Telecommunications Limited (SGX: Z74)), and Singapore Post Private Limited. Back then, Singapore Post was a subsidiary of Singtel.
4. TAS granted Singapore Post a public postal license in 1992. This allowed Singapore Post to provide postal services here until 31 March 2017. On 27 March 2017, the company announced that its license was renewed for 20 years, starting from 1 April 2017.
5. Today, Singapore Post’s eCommerce logistics service can be found in 19 markets around the world, including Australia, New Zealand, Asia, Europe, and North America.
6. Based on its history, it might not come as a surprise that Singtel is the largest shareholder of Singapore Post with a 21.7% stake. China’s Alibaba Group, an eCommerce giant, is next with a 14.4% stake.
The numbers above help to provide context on Singapore Post’s history and to quantify the different facets of its business.