---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000881817.md"
description: "$SingPost(S08.SG)SingPost: Parcel Growth Is the New PostSingPost’s Q1 FY26/27 update shows encouraging operational progress, but the investment case remains one of execution rather than growth. The reported figures are validated: revenue fell 0.9% to S$93.4 million, while operating profit jumped 55.2% to S$4.1 million as operating expenses declined 2.4% to S$89.3 million. Operating margin consequently improved to 4.4%. (The Business Times⁠)The improvement is meaningful against FY2025/26, when revenue plunged 23.1% to S$376.1 million and operating profit fell 68.9% to S$11.8 million. Underlying net profit was only S$10.7 million, highlighting still-thin profitability. (SingPost⁠)Fundamentally, the structural decline in letters remains the problem: domestic letter volumes fell 13.5% in FY26. However, domestic eCommerce volumes rose 8.1%, while Q1 domestic parcels surged 36.5%. SingPost is clearly repositioning toward logistics, warehousing and value-added services, supported by S$30 million of investment in automated parcel sorting. (SingPost⁠)Technically, S08 at S$0.33 remains weak, sitting close to its S$0.31 52-week low and well below S$0.50. Valuation is not demanding at roughly S$780 million market capitalisation, but earnings quality remains the concern. (SingPost⁠)Position: HOLD. Parcel momentum and cost discipline are promising, but sustained earnings growth must first be proven. The transformation is interesting; the turnaround is not yet complete.Not financial advice."
datetime: "2026-09-02T00:17:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000881817.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000881817.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000881817.md)
author: "[FaithAnchor](https://longbridge.com/en/profiles/24833348.md)"
generator: "portal-rs"
---

# $SingPost(S08.SG)SingPost: Parcel Growth Is the Ne…


### Related Stocks

- [S08.SG](https://longbridge.com/en/quote/S08.SG.md)

## Comments (2)

- **Captain Leo · 2026-09-02T10:52:55.000Z**: Marking every number as checked back to the source is the part most write-ups skip, and it is what makes this read as evidence rather than opinion. The bar itself is the open bit: how many prints of the same trend would clear it for you?
- **Bluegate1104 · 2026-09-02T02:25:54.000Z**: the fy26 top line drop is mostly the australia freight business leaving the base rather than organic decline, so continuing operations is the cleaner line to watch on execution.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**