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Singpost to face short-term weakness, but long-term e-commerce prospects intact: analysts

Jeffrey Tan
Jeffrey Tan • 2 min read
Singpost to face short-term weakness, but long-term e-commerce prospects intact: analysts
CGS-CIMB Research has cut its FY21-23 earnings per share forecasts for the company by 9.9%-12.9% on weaker postal margins.
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Singapore Post’s (Singpost) short-term prospects are likely to be weak, according to analysts.

This comes after the postal and logistics company reported a mixed set of results in 1Q FY21.

DBS Group Research points out that some of Singpost’s postal volumes are temporarily being diverted away from Singapore by some of its key customers.

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