According to SingPost, status codes for parcels linked to one of its key customers had been manually updated.
Ada Lim of OCBC Investment Research has lowered her fair value for SingPost from 58 cents to 54 cents after the company fired three of its top executives for mishandling a whistle-blowing case.
Group CEO Vincent Phang, group CFO Vincent Yik and Li Yu, who heads up the company's international business ops unit have all been fired.
