SingPost could review dividend policy after Alibaba deal

A 3.5-6.3 cents annual dividend is projected.

With the Alibaba deal almost completed, UOBKayHian expects market's attention to be on SingPost's dividend policy review.

"The review is currently underway to ensure sustainability as well as linking it to underlying earnings," it said.

A 3.5-6.3 cents annual dividend is projected.

With the Alibaba deal almost completed, UOBKayHian expects market's attention to be on SingPost's dividend policy review.

"The review is currently underway to ensure sustainability as well as linking it to underlying earnings," it said.

While SingPost maintained its absolute dividend in 1QFY17, the research house believes a payout based on underlying net profit would be beneficial to SingPost's transformation and integration journey as it allows sustainability and reinvestment on business for growth.

"Assuming an earnings-linked dividend policy, our sensitivity analysis indicates that a payout of 50-90% would indicate an annual dividend of 3.5-6.3 S cents, based on FY17F EPS of 7.0 cents," it said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia