Elevator Pitch
I maintain my "Neutral" rating on Singapore-listed national postal service provider Singapore Post Limited (OTCPK:SPSTF) (OTCPK:SPSTY) [SPOST:SP], as Singapore Post's future prospects are mixed. On one hand, the coronavirus outbreak and the continued decline in domestic letter mail volumes are negatives for the company in the near term. On the other hand, Singapore Post has the potential to become the dominant e-commerce delivery company in Singapore, if and when its "Smart Shared Letterboxes" are approved by the authorities and built nationwide. Furthermore, the Logistics business remains marginally loss-making at