ComfortDelGro Could Benefit From Improved Pricing Landscape -- Market Talk

Dow Jones12-26 09:48

0148 GMT - ComfortDelGro could benefit from an improved pricing landscape in Singapore, DBS Group Research analysts write in a note. The industrywide increase in platform fees for ride-hailing firms next year will likely have negligible impact on the company's profits, as that should offset costs from mandatory higher contributions to younger platform workers' state-run pension plan, DBS notes. ComfortDelGro looks well-positioned to grow its bookings and market share, which could drive longer-term profitability growth, DBS adds. The bank retains a buy rating with a target price of S$1.80. Shares are 0.7% higher at S$1.45. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

December 25, 2024 20:48 ET (01:48 GMT)

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The industrywide increase in platform fees for ride-hailing firms ...</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":"LU1956131251.USD","symbol_name":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2494640002","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494640002","pubTimestamp":1735177680,"columns":[],"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":"0148 GMT - ComfortDelGro could benefit from an improved pricing landscape in Singapore, DBS Group Research analysts write in a note. The industrywide increase in platform fees for ride-hailing firms next year will likely have negligible impact on the company's profits, as that should offset costs from mandatory higher contributions to younger platform workers' state-run pension plan, DBS notes. ComfortDelGro looks well-positioned to grow its bookings and market share, which could drive longer-term profitability growth, DBS adds. The bank retains a buy rating with a target price of S$1.80. Shares are 0.7% higher at S$1.45. 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The industrywide increase in platform fees for ride-hailing firms next year will likely have negligible impact on the company's profits, as that should offset costs from mandatory higher contributions to younger platform workers' state-run pension plan, DBS notes. ComfortDelGro looks well-positioned to grow its bookings and market share, which could drive longer-term profitability growth, DBS adds. The bank retains a buy rating with a target price of S$1.80. Shares are 0.7% higher at S$1.45. 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