What does 2017 hold for transport companies?

SINGAPORE (Dec 8): CIMB is maintaining its lacklustre view of Singapore’s transport and air services companies amid stiff competition and other headwinds from foreign exchange and oil price volatility.

The only bright spark from the sector is ComfortDelgro Corporation, which has become the only remaining proxy to the local land transport sector following SMRT’s privatisation.

According to CIMB’s analyst Roy Chen, the group’s diversified business offers a stable outlook for 2017, even as each segment faces different market dynamics.

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