Dear all
Singapore Post Limited (SingPost) is one of CGSI’s three value picks with re-rating potential in their Singapore Strategy report dated 8 May 2024. I have the privilege of meeting SingPost Group CFO, Mr Vincent Yik this month which I have shared with my LinkedIn (click HERE). It is interesting that SingPost has formed a potential bullish hammer on 28 June with a one-month high volume.
SingPost closed at $0.430 on 28 Jun 2024.
Why is SingPost interesting? I have summarised my readings from SGX announcements, analyst reports and my 1-1 interaction with Vincent in this article. Some key noteworthy points are that SingPost may achieve strong underlying net profit growth in FY25F and this potential bullish hammer formation on last Friday may indicate a near term bottom in share price.
Read on for more below.
Description of its business segments
SingPost is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing...