0752 GMT - Singapore Post may take a long time to turn around its declining core business, says Maybank Securities' Jarick Seet in a note. The postal service provider is expected to outline a new strategy in the next two to three months after selling a large portion of its non-core assets and its Australian business, and appointing a new chief executive, he says. Its core postal operations continue to face intense competition as well as volume and margin pressures, Seet adds. "Even with a potential rise in postal rates, we think it will be difficult for SingPost to generate the earnings needed to justify its current valuations," he says. He applies a 20% discount to his net asset valuation on SingPost's stock, cutting his target price of S$0.43 from S$0.51, while maintaining a hold rating. Shares fall 1.2% to S$0.415.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 11, 2025 02:52 ET (07:52 GMT)

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