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Brokers' take

Singapore Post (SingPost) reported a 27.7 per cent year-on-year rise in revenue to S$317.6 million and a 196.4 per cent increase in net profit to S$105.4 million in Q4 FY2016, boosted by one-off gains. Underlying net profit, however, dropped 20.1 per cent to S$31.8 million in Q4 FY2016.

Wilmar International | Buy

Target price: S$4.25

May 11 close: S$3.29

RHB Research, May 11

Results broadly in line with our expectations. Stripping out one-off impairments provisions for impairments of US$22.7...

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