Singapore Stock Market News

Singapore Post Ltd - Open sesame

StockFanatic
Publish date: Thu, 29 May 2014, 11:16 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
SingPost's strategic partnership with Alibaba opens doors via access to funds for larger-scale M&As and the opportunity to leverage on Alibaba's customer base to scale up its regional e-commerce logistics operations. We raise our FY16-17 EPS by 2-3% to factor in higher transhipment and e-commerce logistics volumes, but cut our FY15 EPS by 6% due to share dilution post-equity issuance. Our DCF-based target price rises to S$1.86 (WACC 7.1%).

We maintain our Add call, with potential M&As and growing e-commerce volumes are the key catalysts.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment