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SingPost's recovery hobbled by reduced airfreight capacity: analysts

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DBS analysts said profit for SingPost has bottomed out in the first half of fiscal 2021, with slow recovery ahead. They expect the company to take at least 12-18 months to fully recover from the pandemic.

Singapore

ANALYSTS from CGS-CIMB and DBS Group Research said in separate reports that Singapore Post's (SingPost) recovery from the coronavirus pandemic will depend on how quickly the aviation industry can bounce back.

This comes as the reduced air freight capacity amid pandemic-...

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