0422 GMT - Singapore Post could rationalize its postal office network to cut operating costs and improve profitability, UOB Kay Hian analyst Llelleythan Tan Yi Rong says in a note. The company's domestic postal segment reported lower revenue in 3Q FY 2025, despite higher overall delivery volume, Tan notes. Along with higher 3Q operating costs, the segment reported an operating loss, compared with a profit in 3Q FY 2024, Tan says. UOB KH trims its FY 2025-FY 2027 forecasts for Singapore Post's core profit after tax and minority interests, due to lower operating margins. The brokerage maintains the stock's buy rating and target price of S$0.72. Shares are last at S$0.56. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 12, 2025 00:22 ET (04:22 GMT)
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