SingPost CEO resignation

SingPost CEO announced his resignation yesterday, after market closed. This sudden news is being priced into SingPost share price as of now. SingPost opened gapped down.

Moving averages: 20 dma downtrend, 200 dma pointing down

Comments: might be possible to see price hover in the lower range for a short period. CEO departure not taken well by the market

SGX Announcement:
http://infopub.sgx.com/FileOpen/Press%20Release.ashx?App=Announcement&FileID=381919

SingPost.png

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