New Post announced the special dividend but provided no details on future strategic resets, contrary to expectations from S&P Global Ratings. "We originally expected the New Post to announce the use of proceeds from the sale of the Australian business and the details of the strategic reset," it said.
It believes that the measures will be taken by New Post to respond to the structural decline in its business remain to be seen, and it is expected that New Postal Management will disclose details of its future strategy in the first half of fiscal year 2026 (as of the first half of September 2025).
The international information review agency S&P Global Ratings released a report on Monday (May 19) stating that it believes that the future strategy and leverage policy of Singapore Post are still uncertain. The outlook for the new postal letter review is still negative.
It noted that the sold Australian business brought about 50% operating profit to New Post in fiscal year 2025 to the end of March. The remaining core logistics business of Xin Post is facing difficulties, mainly due to the structural decline in the number of mails, the high fixed costs of operating the post office network, and the severe cross-border business environment.
S&P Global Ratings intends to lift the new postal's comments and observations after the New Post announced the details of its future strategy.
New Post's share price fell 0.87% on Monday, closing at 0.57 yuan.
The high-level adjustments of the new postal service are still in progress. The company has appointed its Chief Financial Officer and Chief Operating Officer in January 2025. The position of CEO has not been filled yet.