Analysts from CGS-CIMB Research, DBS Group Research and UOB Kay Hian have maintained their “hold” calls on Singapore Post (SingPost) as the group’s FY2021 results missed expectations for all three brokerages.

SingPost, on May 6, reported a 55.7% y-o-y drop in earnings of $16.7 million for the 2HFY2020/2021 ended March 31.

Earnings for the FY2020/2021 fell 47.7% y-o-y to $47.6 million.

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