Home Capital Broker's Calls

DBS Group Research maintains SingPost’s 'fully valued' call on tough competition

Kayla Whang
Kayla Whang7/29/2020 12:41 PM GMT+08  • 2 min read
DBS Group Research maintains SingPost’s 'fully valued' call on tough competition
DBS Group Research analysts Sachin Mittal and Lim Rui Wen have maintained their “fully valued” recommendation for Singapore Post Limited (SingPost), with a stable target price of 64 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Group Research analysts Sachin Mittal and Lim Rui Wen have maintained their “fully valued” recommendation for Singapore Post Limited (SingPost), with a stable target price of 64 cents, which represents a 14% downside on the stock due to the lack of near-term catalysts.

Due to COVID-19, SingPost saw a steep decline in domestic mail revenue, which comprises a large portion of their revenue, say the analysts in a report dated July 29.

Mittal and Lim believe that “international mail, on the other hand, may slowly recover in 2HFY21F as economic activities resume.”

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.