0206 GMT - ComfortDelGro's earnings look relatively sheltered from tariff risks, OCBC Investment Research's Ada Lim says in a research report. Management's lack of mention of tariffs underscores the defensiveness of the transport company's earnings, given its domestic exposure within the markets where it's present, the analyst says. Also, its recently acquired CMAC Group has secured a contract with a U.K. online travel agency, which would help to further drive growth in this segment, the analyst notes. OCBC raises the stock's fair value estimate to S$1.71 from S$1.67 to partly reflect a higher cost-of-equity assumption, while maintaining the buy rating. Shares are 1.3% higher at S$1.51. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 22:06 ET (02:06 GMT)
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