$SingPost(S08.SI)$ $DBS(D05.SI)$ A Small Trade With Symbolic Weight On September 16, DBS Bank purchased 250,000 shares of Singapore Post (SingPost) for approximately S$110,000, increasing its stake to 0.062%. At first glance, the transaction is modest. Yet beneath the surface, it carries symbolic weight. When combined with stakes held by Singtel, Temasek’s overall deemed ownership of SingPost now stands at 22%. Following the purchase, SingPost shares closed unchanged at S$0.43 on September 17. By the next morning, however, the stock edged 1.16% higher to S$0.435, hinting at renewed market interest. It was a small move, but one that came after two months of steady declines. Could this be the spark of a
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?
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