Auto & Transport Roundup: Market Talk The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0207 GMT – Comfort Del Gro may benefit from Singapore’s planned public transport fare increase of 7.0%, effective Dec. 26, RHB Research’s Shekhar Jaiswal says in a research report. This is positive for rail operations of its subsidiary SBS Transit, with net revenue uplift for SBS Transit at around 18.8 million Singapore dollars, the analyst estimates.
The incremental earnings contribution will mostly depend on energy costs in 2027, with the latest operating trends supporting a cautious view on earnings conversion. RHB sees the fare increase cushioning higher rail operating costs, rather than creating a new earnings catalyst for Comfort Del Gro. It maintains the stock’s buy rating and a target price of S$1.50.
Shares are 0.8% lower at S$1.26.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing