Home Capital Broker's Calls

More time needed for SingPost turnaround, says OCBC

Stanislaus Jude Chan
Stanislaus Jude Chan1/10/2018 03:43 PM GMT+08  • 2 min read
More time needed for SingPost turnaround, says OCBC
SINGAPORE (Jan 10): OCBC Investment Research is keeping its “hold” call on Singapore Post (SingPost) with an unchanged fair value estimate of $1.26.
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.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now