SingPost off to a good start, shows signs of a turnaround
Michelle Zhu • • 3 min read
SINGAPORE (Nov 17): DBS Vickers Securities is maintaining its “hold” call on Singapore Post (SIngPost) with a lower target price of $1.23 compared to $1.26 previously to imply a yield of about 2.7%.
Follow us on Facebook and join our Telegram channel for the latest updates.
SINGAPORE (Nov 17): DBS Vickers Securities is maintaining its “hold” call on Singapore Post (SIngPost) with a lower target price of $1.23 compared to $1.26 previously to imply a yield of about 2.7%.
This comes after tweaking earnings forecasts by 2% for FY19F to reflect a lower-margin outlook, offset by higher revenues, following the release of the group’s financial results for 2Q18.
Never miss out on important financial news and get daily updates today
×
Download The Edge Singapore App
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
