“We maintain our buy recommendation on ComfortDelgro given its ability to deliver steady and consistent growth,” says Sim. DBS has a $2.94 target price for the stock.
SINGAPORE (April 20): DBS is keeping its forecasts for ComfortDelgro unchanged for now although subsidiary SBS Transit was announced as the winner of the latest bus package.
That’s because the transition will be implemented in phases and only take place from 2018, says analyst Andy Sim in a research report out today.
