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Broker's Calls
SingPost put on ‘hold’ in anticipation of new CEO
SINGAPORE (March 27): Maybank Kim Eng Research is maintaining its “hold” call on Singapore Post (SingPost) at an unchanged target price of $1.34 given major decisions within the group are likely to be put on hold until new CEO, Paul Coutts officially
March 27, 2017
US again labels Alibaba ‘notorious market’ for knock-offs
NEW YORK/HONG KONG (Dec 22): The US has again labeled Alibaba Group Holding Ltd. one of the world’s largest destinations for fake goods, a major embarrassment for a Chinese e-commerce titan trying to shake off its reputation as a haven for counterfei
December 22, 2016
Broker's Calls
SingPost has seen better days, but prospects remain hopeful
SINGAPORE (Nov 8): UOB Kay Hian and OCBC Investment Research have both announced a “hold” recommendation on Singapore Post (SingPost) with a lower target price of $1.76 and a higher fair value of $1.47 respectively.
November 08, 2016
Broker's Calls
SingPost lays groundwork for future growth
SINGAPORE (Nov 7): CIMB is maintaining an “add” call on Singapore Post with a target price of $1.76, citing the groundwork the company is currently undertaking for future growth.
November 07, 2016
In print this week
SingPost sets sights on regional e-commerce boom with new logistics hub
SINGAPORE (Nov 4): At Singapore Post’s brand-new e-commerce logistics hub, T-shirts, gadgets and cosmetics are stacked in some 18,000 blue boxes — called totes —at one corner of the warehouse floor.
November 04, 2016
Lazada acquires Redmart which will continue to operate independently
SINGAPORE (Nov 2): Alibaba unit Lazada on Wednesday signed an agreement to acquire online grocer Redmart for an undisclosed amount.
November 02, 2016
Broker's Calls
SingPost stays ahead of disruption with new ecommerce logistics hub
SINGAPORE (Nov 2): Maybank Kim Eng is keeping its “buy” recommendation on Singapore Post with an unchanged target price of $1.77 following the launch of its new regional ecommerce logistics hub.
November 02, 2016
Broker's Calls
Overhang on Singpost’s share price to be lifted with JV conclusion
SINGAPORE (Oct 28): CIMB Securities is upgrading its “hold” call to “add” on Singapore Post (Singpost) with a higher target price of $1.76 as UOB Kay Hian and Maybank Kim Eng are reiterating their “buy” calls on the stock, both with price targ
October 28, 2016
Alibaba’s second investment in Singpost approved; completes Quantium JV
SINGAPORE (Oct 27): The Infocomm Media Development Authority of Singapore has finally given Alibaba the go-ahead to increase its stake Singpost for the second time from 10.2% to 14.4%.
October 27, 2016
Broker's Calls
Can SingPost deliver post-corporate governance (mail)feasance?
SINGAPORE (Oct 12): Singapore Post is on the mend. The national postal service provider on Monday appointed three new non-executive independent directors to its board, in line with recommendations from an independent corporate governance (CG) review.
October 12, 2016