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ComfortDelgro
Broker's Calls
Singapore’s land transport kept at ‘overweight’ by RHB following third bus package tender
SINGAPORE (June 8): RHB has reiterated its “overweight” rating on Singapore’s land transport sector, after the Land Transport Authority (LTA) on Tuesday issued the tender for the third bus package.
June 08, 2016
Broker's Calls
ComfortDelgro kept at ‘buy’ by DBS with $3.23 target
SINGAPORE (May 13): DBS Vickers Securities is maintaining its “buy” call on ComfortDelgro on margin expansion from lower fuel prices and the transition to the asset-light Government Bus Contract model.
May 13, 2016
ComfortDelGro’s 1Q earnings rise 8.6% to $73.4 mil
SINGAPORE (May 12): Transport group ComfortDelGro reported 1Q earnings of $73.4 million, 8.6% higher than the year before. This came on the back of higher revenue, but was partially offset by higher operating costs.
May 12, 2016
SBS Transit posts 70% rise in 1Q earnings to $8.1 mil on higher DTL2 ridership
SINGAPORE (May 11): SBS Transit, 75% owned by transport operator ComfortDelgro, saw earnings rise 69.5% to $8.1 million in 1Q, driven mainly by increased revenue from its rail segment.
May 11, 2016