0123 GMT - Singapore Post may continue to face challenges after reporting underwhelming results for FY 2025, UOB Kay Hian's Llelleythan Tan Yi Rong says in a research report. Its postal office network in Singapore remains unprofitable, and management has noted that the company is still in negotiations with regulatory authorities to ensure the long-term commercial viability of postal services, the analyst says. For its international postal business, management noted that the challenging conditions are expected to persist going into FY 2026, the analyst adds. The brokerage lowers the stock's target price to S$0.66 from S$0.72 to reflect a valuation roll-over, and maintains the buy rating. Shares are unchanged at S$0.57. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 19, 2025 21:23 ET (01:23 GMT)
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