0054 GMT - ComfortDelGro's shares are likely to fall slightly after its somewhat soft 3Q results, says Citi analyst Kaseedit Choonnawat in a note. The Singapore-based transport operator's 3Q core profit was flat on year, mainly due to intense taxi business competition in Australia, he says. However, ComfortDelGro's public transport segment operating profit gained, driven by improvements in its U.K. bus business' margins, he notes. The company seems confident that these margins could improve further, given the ramping up and recent renewal of its U.K. bus contracts, he says. The Australian public transport business is also normalizing after workers' job actions were largely resolved, he adds. Citi maintains its buy rating and S$1.84 target on the shares, which last closed at S$1.48. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 12, 2025 19:54 ET (00:54 GMT)

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