The review, which will also focus on the group’s transition to a logistics business over time, will identify potential businesses or non-core assets that are not expected to earn a return above their cost of capital. Once that’s done, the group may explore possible divestments and capital recycling to support further investments in logistics.
In addition, the review will include optimising the group’s balance sheet and ensuring that its structure “allows its underlying businesses to be appropriately valued, while creating optionality for the future of these businesses”.
Group CEO Vincent Phang said that the review is expected to be completed "over the course" of the current financial year.
As at 12.30pm, shares in SingPost are trading flat at 48 cents.
