Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Press Holdings Limited    SPRM   SG1P66918738

SINGAPORE PRESS HOLDINGS LIMITED (SPRM)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Singapore Press : SPH partners Parcel Santa to expand footprint in e-commerce end-mile delivery

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/21/2018 | 06:05am CEST

Singapore, Monday 21 May, 2018 - Singapore-based parcel locker start-up, Parcel Santa, has partnered Singapore Press Holdings (SPH) to leverage on the media and property group's extensive newspaper delivery network to expedite e-commerce deliveries to its Parcel Santa lockers which are currently located in 100 condominium precincts. Parcel Santa is currently the sole provider and operator of smart-locker based concierge services for condominiums in Singapore.

SPH and Parcel Santa are two of the companies that have pledged to be part of the Federated Lockers and Collection Points Pilot Programme, which is an initiative by IMDA. It was unveiled at IMDA's SG:D Industry Day on Monday, 21 May, held at the Suntec Singapore Convention & Exhibition Centre.

Parcel recipients will be informed via an SMS when their parcels have been delivered to the secured lockers. Recipients have up to twenty-four hours to collect their parcels, using a One Time Password (OTP). Alternatively, they may choose to reschedule their delivery to other lockers at another location or pay a small fee to extend the collection period.

The entire delivery process is monitored by Parcel Santa's proprietary back-office system. There are sensors which identify and grant authorised recipients to access the lockers and collect their parcels.

Through this partnership, SPH's network of more than 3,000 vendors and delivery crew, operating out of vans and motorcycles, will make deliveries to the Parcel Santa lockers or directly to the customers at their homes. There will also be the option of using any of the 59 SPH Buzz Convenience Stores as a drop-off or collection point.

Presently, in addition to the delivery of newspapers to subscribers' doorsteps, the SPH vendors also make deliveries of breakfast grocery items purchased from Buzz Convenience Stores' online platform. Items ordered before 10.00pm will be delivered before 7.30am. This partnership harnesses the last-mile capability of SPH's island-wide delivery network.

Mr Jim Huang, Founder and Chief Executive Officer of Parcel Santa said: 'SPH and Buzz Convenience Stores form one of Singapore's most established delivery networks. And we are proud to partner with them, among other industry leading courier partners, to present a truly agnostic and neutral IoT based platform for the benefit and convenience of consumers islandwide.'

Mr Spencer Tan, Deputy General Manager of SPH Buzz Convenience Stores said: 'This collaboration with Parcel Santa is just one of the latest foray to boost our presence in the e-commerce segment, particularly in the last-mile delivery. Our delivery network offers an unparalleled competitive advantage - we can reach out to customers between the hours of 5.30 am to 7.30 am, on top of their newspaper runs. Operating during off-peak periods means greater efficiency and easing congestion especially in high density areas.'

For partnership enquiries with SPH and SPH Buzz, please contact Mr Spencer Tan ([email protected]) or Mr Bernard Yeo ([email protected]).

Issued by Singapore Press Holdings Ltd
Co. Regn. No. 198402868E

For more information, please contact:

Mr Yeo Siew Chi
Corporate Communications & CSR
Singapore Press Holdings Ltd
DID: 6319-1586
Email: [email protected]

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

SPH's core business is publishing of newspapers, magazines and books in both print and digital editions. It also owns other digital products, online classifieds, radio stations and outdoor media.

On the property front, SPH owns 70% in a real estate investment trust called SPH REIT which comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall. SPH also owns and operates The Seletar Mall. It is developing a new commercial cum residential site at Woodleigh. It also has a stake in Chinatown Point.

It is in the aged care sector and owns Orange Valley, Singapore's largest private nursing home operator.

SPH runs a regional events arm and a chain of Buzz retail outlets. It also invested in the education business.

Disclaimer

SPH - Singapore Press Holdings Ltd. published this content on 21 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 May 2018 04:04:05 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SINGAPORE PRESS HOLDINGS L
05/21SINGAPORE PRESS : SPH partners Parcel Santa to expand footprint in e-commerce en..
PU
05/17SINGAPORE PRESS : Harmony in Perspective - Delve into all things Japanese at Par..
PU
05/11SINGAPORE PRESS : Sph appoints chief technology officer & chief product officer
PU
05/10SINGAPORE PRESS : Experience all things Turkish at The Seletar Mall
PU
04/30SINGAPORE PRESS HOLDINGS LIMITED : Ex-dividend day for interim dividend
FA
04/27SINGAPORE PRESS : The Clementi Mall Fun Fiesta
PU
04/23SINGAPORE PRESS : Book Fair 2018 rekindles the joy of reading
PU
04/19SINGAPORE PRESS : Beerfest Asia 2018 X Edition celebrates 10th anniversary with ..
PU
04/18SINGAPORE PRESS : Listen to news from The Straits Times, The Business Times and ..
PU
04/14Trace Singapore's journey by taking walking trails
AQ
More news
News from SeekingAlpha
01/12Singapore Press reports Q1 results 
2017The Short Case For Singapore Press Holdings 
2017Singapore Press reports Q3 results 
2017SPH : Media Giant In Singapore Set To Embark On Strategic Transformation With Ne.. 
2016Singapore Press reports FQ3 results 
Financials ( SGD)
Sales 2018 997 M
EBIT 2018 278 M
Net income 2018 216 M
Debt 2018 1 237 M
Yield 2018 5,07%
P/E ratio 2018 20,63
P/E ratio 2019 20,38
EV / Sales 2018 5,67x
EV / Sales 2019 5,80x
Capitalization 4 418 M
Chart SINGAPORE PRESS HOLDINGS L
Duration : Period :
Singapore Press Holdings L Technical Analysis Chart | SPRM | SG1P66918738 | 4-Traders
Technical analysis trends SINGAPORE PRESS HOLDINGS L
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 2,52  SGD
Spread / Average Target -8,8%
EPS Revisions
Managers
NameTitle
Yat Chung Ng Chief Executive Officer & Director
Boon Yang Lee Chairman
Hwee Song Chua Chief Financial Officer
Huan Ping Low Executive Vice President-Technology
Siak Ching Chong Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SINGAPORE PRESS HOLDINGS LIMITED3.37%3 295
PEARSON23.64%9 661
INFORMA PLC6.07%8 461
AXEL SPRINGER SE-0.20%8 258
SCHIBSTED0.09%6 636
CHINA SOUTH PUBLISHING & MEDIA GRP CO LD-5.47%3 698