OCBC Investment Research analyst Chu Peng is recommending investors continue to “hold” onto Singapore Post (SingPost) with an increased fair value estimate of 74 cents from 71 cents.

Shares in SingPost have risen 8% month-to-date (m-t-d) in April as investors see the counter as a potential restructuring play following the Singapore Press Holdings (SPH)’s strategic review and CapitaLand Limited’s proposed restructuring.

While Chu says she is unaware of any material change in SingPost’s operations and guidance, she notes that the group “had undertaken a series of restructuring exercises to step up its transformation and growth in the digital age in recent years”.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook