DBS Buys 250K SingPost Shares! Can It Stage a Comeback?
DBS Bank purchased 250,000 shares of SingPost on September 16 for about $110,000, raising its stake to 0.062%. Following this move, Temasek’s combined deemed ownership via DBS Bank and Singtel now stands at 22%. While SingPost shares closed unchanged at S$0.43 on September 17, the stock edged up 1.16% to S$0.435 by 11:42 am on September 18. Temasek-linked holdings strengtheSand the stock showS a mild rebound. Could SingPost be positioning itself for a longer-term re-rating? After declines for two months, Can SingPost stage a comeback?