0515 GMT - Singapore Post may be profitable in FY 2026, but the focus is in monetization of its assets, Maybank Research's Jarick Seet says in a research report. Management will likely quicken its efforts to further reduce the size and scale of its loss-making postal network and sell some properties to unlock value for shareholders, the analyst says. Also, the company will probably engage with the Singapore authorities more actively to pursue the sale of SingPost Centre. The postal and e-commerce logistics services provider posted an underlying net loss of S$500,000 in 2H FY 2025, notes the brokerage, which trims the target price to S$0.74 from S$0.77 while maintaining the buy rating. Shares are 2.7% higher at S$0.575. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 01:15 ET (05:15 GMT)
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