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SingPost’s earnings to be crimped by transformation costs, says UOB

PC Lee
PC Lee7/18/2017 11:19 AM GMT+08  • 2 min read
SingPost’s earnings to be crimped by transformation costs, says UOB
SINGAPORE (July 18): UOB KayHian is maintaining its “hold” on Singapore Post with an entry and exit price of $1.25 and $1.37.
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SINGAPORE (July 18): UOB KayHian is maintaining its “hold” on Singapore Post with an entry and exit price of $1.25 and $1.37.

UOB remains positive on SingPost’s long-term prospects although it expects near-term earnings to continue to be hampered by transformation costs.

“Losses at TradeGlobal and costs incurred to build out the e-commerce logistics network will be key earnings headwinds for 2018,” says UOB.

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