Opportune time for SingPost spin off assets: OCBC

SINGAPORE – With property listings gathering pace in Singapore, it could be an opportune time for Singapore Post to spin off some of its post office assets, OCBC Investment Research said on Friday.

Singapore Post has a property portfolio, consisting of 16 potentially saleable post offices that may bring in substantial cash when unlocked, OCBC said. It has a ‘buy’ rating and target price of S$1.14 on the company.

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