SingPost kept at 'buy' with lower target price $2.12 by DBS

Stock Name: SingPost
Company Name: SINGAPORE POST LIMITED

Research House: DBS Vickers

Price Call: BUY

Target Price: 2.12

SINGAPORE (Dec 4): DBS Group Research is reiterating its "buy" call on Singapore Post, albeit with a lower price target of $2.12 from $2.18.

In a Dec 3 report, analyst Sachin Mittal says SingPost's acquisition of CP Holdings is earnings accretive and buying the last-mile delivery player would enhance its existing capabilities in Asia.