Stock Name: SingPost
Company Name: SINGAPORE POST LIMITED
Company Name: SINGAPORE POST LIMITED
| Research House: CLSA | Price Call: BUY | Target Price: 2.50 |
SINGAPORE (Oct 20): CLSA Research has initiated a "buy" call on SingPost with a target price of $2.50.
SingPost, Asean's top e-commerce logistics service provider, has used the profit generated from its cash-cow mail segment to diversify its business at the right time, says CLSA analyst Paul Wan in the report dated Oct 20.
With e-commerce enjoying rapid growth in Asia, the company has also expanded its geographical exposure in the region, as consumers are no longer restricted by bricks and mortar.
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