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Analysts embrace SingPost's e-commerce goals despite impairment risk

But shares retreat after it flags risk of "significant" impairment in carrying value of US e-commerce business

38266266.5 (39052656) - 12_07_2016 - mrsingpost.jpg
Only last month, a Deutsche Bank research report on Singapore Post with the sweetest word in stock speak - a "buy" call - had reckoned that the postal company was unlikely to make "significant" impairments "unless assumptions vetted by auditors are wrong or business deteriorates significantly".

Singapore

ONLY last month, a Deutsche Bank research report on Singapore Post with the sweetest word in stock speak - a "buy" call - had reckoned that the postal company was unlikely to make "significant" impairments "unless assumptions vetted by auditors are wrong or business deteriorates

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