Singapore Post's Near-Term Earnings Unlikely to Justify Current Valuations -- Market Talk
Dow Jones
Aug 25
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.