TradeGlobal

Broker's Calls

SingPost still lost in the mail

SINGAPORE (May 15): UOB Kay Hian is keeping its “hold” recommendation on Singapore Post after the national postal service provider saw underlying net profit came in below expectations, falling 25% from a year ago.

Results

SingPost sinks into the red in 4Q after booking TradeGlobal impairment

SINGAPORE (May 12): Singapore Post sunk into 4Q losses of $65.2 million after booking $208.6 million in impairment charges.

SingPost could take one-off impairment charge on troubled TradeGlobal in 4Q: UOB

SINGAPORE (May 9): Singapore Post could take a one-off impairment charge on its TradeGlobal e-commerce logistics business, says UOB KayHian.

Broker's Calls

FY18 to remain a ‘year of transformation’ for SingPost

SINGAPORE (March 16): UOB Kay Hian is maintaining its “hold” recommendation on Singapore Post (SingPost) with a target price of $1.46 as FY17 draws to a close, on the notion that FY18 will remain a “year of transformation” for the group where elev

Singapore Budget

Outlook on Manulife US REIT remains positive after a ‘respectable’ quarter

SINGAPORE (Feb 13): Although Religare is still in the midst of reviewing its latest rating on Manulife US REIT, the research house says it remains upbeat on the REIT’s outlook given how its 4Q16 results exceeded forecasts as the US office market continu

Broker's Calls

Hold your horses on SingPost, advise brokerages

SINGAPORE (Feb 13): UOB Kay Hian, Maybank Kim Eng and OCBC Investment Research are unanimously maintaining their “hold” calls on Singapore Post (SingPost) after the provider of mail, logistics and eCommerce solutions on Friday posted a 27.9% fall in 3

Results

SingPost records 27.9% fall in 3Q earnings to $31.4 mil on US e-commerce operating losses

SINGAPORE (Feb 10): SingPost posted a 27.9% fall in 3Q earnings to $31.4 million from $43.5 million a year ago due to operating losses in the US e-commerce business, costs related to the new Regional eCommerce Logistics Hub, and a fall in domestic mail vo

Broker's Calls

All’s well in SingPost’s mending of corporate governance

SINGAPORE (Oct 11): Maybank Kim Eng is keeping its “buy” call on Singapore Post (SingPost) with an unchanged price target of $1.77.

Broker's Calls

Not all blue skies yet, but it’s back to ‘buy’ on SingPost

SINGAPORE (Oct 4): UOB Kay Hian is upgrading its “hold” call on Singapore Post (SingPost) to “buy”, as well as raising the stock’s target price to $1.77 from $1.53 previously.

Broker's Calls

SingPost ready to gain, now that pain is over

SINGAPORE (Sept 20): Maybank is switching its stance on Singapore Post (SingPost) from “sell” to “buy” with a higher target price of $1.77 from $1.29 previously to reflect lower new acquisition and execution risk, as well as upward revisions to th
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