SGX Singapore Stocks & Forex Live Picks
Singapore Post
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Publish date: Thu, 05 Jul 2012, 12:30 PM
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Morning Updates, July 4
OCBC INVESTMENT RESEARCH:-
The Infocomm Development Authority of Singapore (IDA) has revised the Quality of Service (QOS) framework for postal services. A key change is the increase in financial penalty for breach of the standards - a penalty of up to $50,000/month per indicator may be imposed for non-compliance.
We appreciate SingPost's dominant domestic market position, operating efficiency, and stable operating cash flows. We are also mindful of margin pressures as well as the relatively limited growth opportunities in the core mail business. However, the group is seeking geographical and business expansion in logistics and retail, with continued investments in its core mail business. Maintain BUY with $1.14 fair value estimate.
STI manages 6th straight daily gain
Index retreats from day's high on HK reversal, weak Europe opening as doubts emerge over Europe's debt efforts
A REVERSAL in Hong Kong and a weak opening for Europe yesterday dragged the Straits Times Index (STI) off its intraday high of 2,964 down to 2,948.77 for a nett gain of 3.44 points on the day. Despite the late pressure, it was still the sixth consecutive rise for the STI, bringing its gain over this period to about 143 points, or just over 5 per cent.Stay Tuned For More Updates!!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
