The five-year contract will commence next June, with an option for LTA to extend the term by a further 2 to 5 years.
Chee Zheng Feng of DBS Group Research has kept his "hold" call and $1.30 target price on ComfortDelGro after it lost another bus package.
According to the Land Transport Authority (LTA), it has awarded the Serangoon-Eunos Bus Package, now held by ComfortDelGro's subsidiary SBS Transit to rival land transport operator SMRT.
