0550 GMT - Singapore Post's near-term earnings are unlikely to justify its current valuations, Maybank Research's Jarick Seet says in a research report. The postal and e-commerce logistics provider's local core business continues to endure a structural decline in volumes and margin pressure alongside severe competition, the analyst says. Given a lack of catalysts in the monetization of its non-core assets because most of this monetization has already been done, the company's share-price performance may also be muted. Maybank Research downgrades the stock's rating to hold from buy and lowers the target price to S$0.51 from S$0.63. Shares are 2.0% lower at S$0.49. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 25, 2025 01:50 ET (05:50 GMT)
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