Post Reply
21-27 of 27
As expected, this one will downtrend.
not vested...but this one likely will fall..a likely stable subsitute is SMRT....make sense??
Strange Strange Strange..... The news was announce afew days ago. And I thought the price will drop the next day. But now then it starts....
So diffcuilt to understand the market.
Fell as much as low as $1.02, the lowest level in more than a month, with on fears that earnings growth would be hit after it loses its monopoly position next year.
New postal firms could be granted licenses for mail services as early as March next year, under a proposal by the industry regulator to liberalise the postal sector, the Straits Times paper said last week.
"It has always been a defensive stock but now that it's losing its monopoly status, its earnings will suffer," said a trader with a regional brokerage.
Shares in Singapore Post have dropped 6.1% in the year-to-date, compared with a 5.3% rise in STI.
I think one of two things may happen to SingPost prices in the next few weeks-
(1) Stagnation
(2) Downtrend
Its a very stable stock with no sudden movements in price.
(1) Stagnation
(2) Downtrend
Its a very stable stock with no sudden movements in price.