SingPost announced this evening that group chief operating officer (COO) will step down from his post with effect from Aug 26 to pursue "new opportunities overseas". http://www.businesstimes.com.sg/companies-markets/singpost-coo-resigns-to-pursue-overseas-opportunities
Technically, SingPost has been trading on a gradual downtrend with support at $1.55.
If the support breaks, the next support will be at $1.52 and $1.50.
So far all the announcements have negative impact on the stock price.
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