ComfortDelGro May Benefit From Positive Momentum of Contract Wins -- Market Talk

Dow Jones04-01

0656 GMT - ComfortDelGro may benefit from positive momentum in contract wins, OCBC Investment Research analyst Ada Lim says in a research report. The Singapore company said last month that its wholly owned subsidiary was awarded contracts worth GBP422 million to operate four public bus franchises in the U.K.'s Greater Manchester, Lim notes. Also, the transport company won rail tenders in France with RATP Dev and Alstom in July 2023 and in Sweden with Go-Ahead Group in January 2024, both which are likely to begin contributing meaningfully in 2025, Lim adds. OCBC raises the stock's fair-value estimate to S$1.49 from S$1.40 with an unchanged hold rating. Shares are 0.7% higher at S$1.41. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 01, 2024 02:56 ET (06:56 GMT)

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Also, the transport company won rail tenders in France with RATP Dev and Alstom in July 2023 and in Sweden with Go-Ahead Group in January 2024, both which are likely to begin contributing meaningfully in 2025, Lim adds. OCBC raises the stock's fair-value estimate to S$1.49 from S$1.40 with an unchanged hold rating. Shares are 0.7% higher at S$1.41. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2024 02:56 ET (06:56 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ComfortDelGro May Benefit From Positive Momentum of Contract Wins -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nComfortDelGro May Benefit From Positive Momentum of Contract Wins -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-01 14:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0656 GMT - ComfortDelGro may benefit from positive momentum in contract wins, OCBC Investment Research analyst Ada Lim says in a research report. The Singapore company said last month that its wholly ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1206713676.USD","symbol_name":"Aviva Investors - Multi-Strategy Target Return Ah USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424757182","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424757182","pubTimestamp":1711954560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0656 GMT - ComfortDelGro may benefit from positive momentum in contract wins, OCBC Investment Research analyst Ada Lim says in a research report. The Singapore company said last month that its wholly owned subsidiary was awarded contracts worth GBP422 million to operate four public bus franchises in the U.K.'s Greater Manchester, Lim notes. Also, the transport company won rail tenders in France with RATP Dev and Alstom in July 2023 and in Sweden with Go-Ahead Group in January 2024, both which are likely to begin contributing meaningfully in 2025, Lim adds. OCBC raises the stock's fair-value estimate to S$1.49 from S$1.40 with an unchanged hold rating. Shares are 0.7% higher at S$1.41. 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The Singapore company said last month that its wholly owned subsidiary was awarded contracts worth GBP422 million to operate four public bus franchises in the U.K.'s Greater Manchester, Lim notes. Also, the transport company won rail tenders in France with RATP Dev and Alstom in July 2023 and in Sweden with Go-Ahead Group in January 2024, both which are likely to begin contributing meaningfully in 2025, Lim adds. OCBC raises the stock's fair-value estimate to S$1.49 from S$1.40 with an unchanged hold rating. Shares are 0.7% higher at S$1.41. 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