Stock Name: ComfortDelGro
Company Name: COMFORTDELGRO CORPORATION LTD
Phillip Securities Research in a Mar 8 research report says: "There would be no fare revisions for 2012, implying that public transport fares for 2013 would be kept unchanged from current levels.
"Rail capacity would expand with more trains to be gradually injected into the system. Bus capacity would increase with the government retrieving its share of fare revenue from the 550 buses paid for by them.
"We reviewed our earnings forecasts to account for unchanged fares in 2013 (previous: +2.3%), but lifted fare adjustments in 2014 to 4.1% (2.3%+1.8%= 4.1%). We tweaked our forecasts down with the revisions made to our estimates for CDG’s public transport business in Singapore. Revised target price of $1.65. MAINTAIN BUY."
Company Name: COMFORTDELGRO CORPORATION LTD
| Research House: Phillip Securities | Price Call: BUY | Target Price: 1.65 |
Phillip Securities Research in a Mar 8 research report says: "There would be no fare revisions for 2012, implying that public transport fares for 2013 would be kept unchanged from current levels.
"Rail capacity would expand with more trains to be gradually injected into the system. Bus capacity would increase with the government retrieving its share of fare revenue from the 550 buses paid for by them.
"We reviewed our earnings forecasts to account for unchanged fares in 2013 (previous: +2.3%), but lifted fare adjustments in 2014 to 4.1% (2.3%+1.8%= 4.1%). We tweaked our forecasts down with the revisions made to our estimates for CDG’s public transport business in Singapore. Revised target price of $1.65. MAINTAIN BUY."
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