DBS Group Research analysts Sachin Mittal and Lim Rui Wen have upgraded their call on Singapore Post (SingPost) to “hold” from “fully valued” in a Feb 5 report.

The upgrade comes after SingPost, on Feb 4, reported operating profit of $26 million for the 3QFY2020/2021, representing a 38% drop y-o-y and a 41% improvement q-o-q.

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