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SingPost has seen better days, but prospects remain hopeful

Michelle Zhu
Michelle Zhu11/8/2016 12:22 PM GMT+08  • 2 min read
SingPost has seen better days, but prospects remain hopeful
SINGAPORE (Nov 8): UOB Kay Hian and OCBC Investment Research have both announced a “hold” recommendation on Singapore Post (SingPost) with a lower target price of $1.76 and a higher fair value of $1.47 respectively.
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SINGAPORE (Nov 8): UOB Kay Hian and OCBC Investment Research have both announced a “hold” recommendation on Singapore Post (SingPost) with a lower target price of $1.76 and a higher fair value of $1.47 respectively.

This comes after SingPost reported a 41% decline in 2Q17 earnings last Friday to $31 million. Additionally, as a result of its revised policy, the company declared a significantly lower interim dividend of 1 cent per share compared to 15 cents the year before.

(See also: SingPost’s 2Q earnings fall 41% fall to $31 mil; declares 1 cent dividend with revised policy)

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