0157 GMT - Singapore Post is likely to continue monetization of its non-core assets and businesses amid the recent management changes, UOB Kay Hian analyst Llelleythan Tan Yi Rong writes in a note. The sale of its subsidiary, Famous Holdings, could be the next non-core asset to be divested in the short-to-medium term, Tan says. Mergers and acquisitions and divestments are board-driven and the recent management changes wouldn't alter the group's strategy to divest non-core assets, Tan says. However, the timeline and schedule of future divestments could be affected as the new management executives take over. UOB KH maintains the stock's buy rating and target price of S$0.72. Shares are at S$0.54.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 12, 2025 20:57 ET (01:57 GMT)
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