Analysts are mixed on Singapore Post (SingPost) after the company released its 1QFY2024 ended June 30 business update when it reported a 15.0% lower y-o-y overall group revenue of $404.1 million but an 11.8% y-o-y improvement on operating profit at $11.9 million.
Singapore Post
Price targets:
UOB Kay Hian ‘hold’ 44 cents
CGS-CIMB Research ‘hold’ 52 cents
OCBC Investment Research ‘buy’ 53 cents
Mixed views from analysts
