Singapore Post May Continue to Monetize Non-Core Assets -- Market Talk

Dow Jones

Jan 13, 2025

0157 GMT - Singapore Post is likely to continue monetization of its non-core assets and businesses amid the recent management changes, UOB Kay Hian analyst Llelleythan Tan Yi Rong writes in a note. The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. Shares are at S$0.54.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 12, 2025 20:57 ET (01:57 GMT)

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The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. Shares are at S$0.54.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2025 20:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Post May Continue to Monetize Non-Core Assets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Post May Continue to Monetize Non-Core Assets -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-13 09:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0157 GMT - Singapore Post is likely to continue monetization of its non-core assets and businesses amid the recent management changes, UOB Kay Hian analyst Llelleythan Tan Yi Rong writes in a note. The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. Shares are at S$0.54.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2025 20:57 ET (01:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422440.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503531256","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503531256","pubTimestamp":1736733420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0157 GMT - Singapore Post is likely to continue monetization of its non-core assets and businesses amid the recent management changes, UOB Kay Hian analyst Llelleythan Tan Yi Rong writes in a note. The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. 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The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. Shares are at S$0.54.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 12, 2025 20:57 ET (01:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}