SINGAPORE (Jan 10): OCBC Investment Research is keeping its “hold” call on Singapore Post (SingPost) with an unchanged fair value estimate of $1.26.
This comes as the research house believes more time is needed for the national postal carrier to execute on the targets it had set out in its strategic review.
“We look forward to positive results from the execution of the group’s targets from its recent strategic review, which should drive earnings and ultimately the stock price,” says OCBC analyst Low Pei Han in a note on Wednesday.
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