The group saw an operating profit of $27.7 million for the 3QFY2023/2024, 18.2% lower than the group operating profit of $33.9 million recorded in the previous corresponding period.
Following Singapore Post (SGX:S08
) ’s (SingPost) business update for the 3QFY2024 ended Dec 31, 2023, analysts from UOB Kay Hian (UOBKH) and CGS-CIMB Research have lowered their target price to 54 cents and 58 cents respectively, while OCBC Investment Research (OIR) has an unchanged target price of 55.5 cents.
However, all analysts from the three brokerages have kept their “buy” and “add” calls, signalling an overall positive stance on stock.
