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Analysts embrace SingPost's e-commerce goals despite impairment risk

ONLY last month, a Deutsche Bank research report on Singapore Post with the sweetest word in stock speak - a "buy" call - had reckoned that the postal company was unlikely to make "significant" impairments "unless assumptions vetted by auditors are wrong or business deteriorates significantly". Those assumptions turned into biting reality late last Friday after SingPost released its third-quarter...


Logistics firm gets automation boost

The opportunities presented by the booming e-commerce market have prompted logistics player Bollore Logistics to invest $10 million in a new automation project. It will tap on advanced technology and robotics to improve and mechanise various processes, from storage to picking and labelling, at its warehouse in Pioneer Turn. The project - backed by the Economic Development Board - could increase...


SATS' Q3 earnings up 7.4% at S$65.1m

GROUND-HANDLING and inflight catering service provider SATS announced on Thursday a 7.4 per cent growth in its third-quarter net profit, suggesting that the collapse of South Korea's Hanjin Shipping had helped boost the cargo market. Net profit for the three months ended Dec 31, 2016, stood at S$65.1 million compared with S$60.6 million a year ago. Earnings per share for the quarter were 5.8 Sing...


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