SINGAPORE (Feb 10): Analysts are cutting their target prices on Singapore Post (SingPost) by as much as 11.5%, as the group’s post & parcel and logistics segments remain weak.

DBS Group Research has cut its target price to 85 cents from 96 cents previously, while OCBC Investment Research has lowered its target price to 96 cents from $1.02 previously, and UOB Kay Hian has dropped its target price to 99 cents from $1.04 previously.

All three brokerages are maintaining their “hold” calls on SingPost.

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