ComfortDelGro Remains on Track to Achieve Mid-Teen Earnings Growth -- Market Talk

Dow Jones
11/17

0159 GMT - ComfortDelGro remains on track to achieve mid-teen earnings growth in 2026, RHB Research analyst Shekhar Jaiswal writes in a report. The Singapore-listed transport company's 3Q net profit growth remained strong, driven by stronger overseas contributions, margin improvement in its U.K. public transport arm and a S$18.5 million gain from the disposal of depots in Victoria, Australia. Looking ahead, earnings growth is expected to be supported by factors including stabilization in the Singapore taxi and private-hire business. RHB maintains a buy rating on the stock and target price of S$1.75. Shares are 0.7% higher at S$1.47.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

November 16, 2025 20:59 ET (01:59 GMT)

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