SINGAPORE (Aug 15): UOB Kay Hian is keeping its “buy” recommendation on ComfortDelGro with a higher target price of $3.22, up from $3.16 previously.

In a Monday report, UOB lead analyst Andrew Chow says ComfortDelGro’s 1H16 results were in line with expectations.

The transport operator saw 1H16 net profit grow 6.8% to $158.6 million, and declared an interim dividend of 4.25 cents, up from 4.00 cents in 1H15.

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