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SingPost put on ‘hold’ in anticipation of new CEO

Michelle Zhu
Michelle Zhu3/27/2017 11:28 AM GMT+08  • 2 min read
SingPost put on ‘hold’ in anticipation of new CEO
SINGAPORE (March 27): Maybank Kim Eng Research is maintaining its “hold” call on Singapore Post (SingPost) at an unchanged target price of $1.34 given major decisions within the group are likely to be put on hold until new CEO, Paul Coutts officially
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SINGAPORE (March 27): Maybank Kim Eng Research is maintaining its “hold” call on Singapore Post (SingPost) at an unchanged target price of $1.34 given major decisions within the group are likely to be put on hold until new CEO, Paul Coutts officially joins in June.

Maybank recently held its Invest ASEAN Singapore Conference, where SingPost was hosted and discussed its future plans as well as current relationship and potential collaborations with its China’s Alibaba Group.

In a Sunday report, Maybank analyst John Cheong recalls how SingPost says it intends to offer a more “extensive hybrid solution” to its clients that will enable selection between postal or commercial services across different markets.

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