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Singapore Post | BUY

Dec 3 close: S$1.915

Fair value price: S$2.17

OCBC Investment Research, Dec 3

SINGAPORE Post (SingPost) announced on Wednesday morning that its wholly owned subsidiary, Quantium Solutions (Australia), will acquire the entire interest of Couriers Please Holdings from New Zealand Post for A$95 million (~S$105 million).

Couriers Please is one of Australia's leading metropolitan small parcel delivery businesses, and is in line with SingPost's objective of building regional ecommerce delivery...

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