0211 GMT - ComfortDelGro likely faces headwinds and tailwinds, UOB Kay Hian analysts say in a research report. Management noted its U.K. bus contract renewals are ongoing, which would lead to a better margin profile for 2025, the analysts say. In Singapore, improving domestic rail ridership together with higher rail fares from December 2024 should help boost rail revenue, they add. However, its bus revenues are poised to decline this year owing to the loss of the Jurong West bus contract and softer margins from recently the renewed Seletar bus package. The brokerage lowers its 2025-2026 core PATMI estimates by 1%-3% to reflect higher cost assumptions. It trims the target price to S$1.76 from S$1.77, with an unchanged buy rating. Shares are unchanged at S$1.44.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 04, 2025 21:11 ET (02:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。