ComfortDelGro Could Benefit From Higher Fares in Singapore

Dow Jones
Oct 16

0221 GMT - ComfortDelGro is likely to benefit from higher public transport fares in Singapore, RHB Research's Shekhar Jaiswal says in a research report. Under its 'Fare Review Exercise 2025,' Singapore's Public Transport Council announced an overall fare adjustment of 5.0% effective Dec. 27, the analyst notes. This is mildly positive for ComfortDelGro via its 74.4%-owned SBS Transit, the analyst says. However, the Singapore-listed transport company's earnings uplift would be modest as fare gains could be partly offset by factors including cost pressures, the analyst adds. RHB Research maintains a buy rating and target price of S$1.75 on the stock, which are 1.35% lower at S$1.46. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 15, 2025 22:21 ET (02:21 GMT)

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