Broker Name: Maybank Research Pte Ltd
Date of Report: March 9, 2026
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Maybank Research is ceasing coverage of Singapore Post Ltd (SingPost) due to the completion of monetisation of most non-core assets and a lack of immediate catalysts for growth.
- SingPost’s core postal business is experiencing structural decline in volumes and margin pressure, with cost-cutting measures only partially mitigating this. The company’s share price performance is expected to remain muted as management shifts focus to improving core operations and profitability.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website : www.maybank.com/investment-banking
