ComfortDelGro's Taxi, Public Transport Segments to Boost Earnings -- Market Talk

Dow Jones04-05

0257 GMT - ComfortDelGro's stands to get an earnings lift from its taxi and public transport segments, Citi Research analysts say in a research report. They raise the stock's target price to S$1.68 from S$1.65 with an unchanged buy rating. For the taxi segment, improvement in mobility in Singapore and China and increase in Zig's booking platform fee to 7% from 5% should add around S$10 million to the company's 2024 core earnings, the analysts estimate. The public transport segment should drive ComfortDelGro's 2025 earnings growth, partly thanks to new bus contract wins from the U.K.'s Greater Manchester, the analysts add. Citi lifts its 2024-2025 core earnings estimates for the Singapore-listed transport company by 2%-9%. Shares are unchanged at S$1.45. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 04, 2024 22:57 ET (02:57 GMT)

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They raise the stock's target price to S$1.68 ...</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":"C52.SI","symbol_name":"康福德高企业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2425064633","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425064633","pubTimestamp":1712285820,"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":"0257 GMT - ComfortDelGro's stands to get an earnings lift from its taxi and public transport segments, Citi Research analysts say in a research report. 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