“[ComfortDelGro] expects cost pressures in the coming quarters due to higher maintenance costs related to mid-life refurbishments to be undertaken at the North-East Line,” Jaiswal says in a Thursday report.
SINGAPORE (Sept 19): ComfortDelGro Corporation (CDG) could see headwinds ahead for its public transport business, despite a fare hike of up to 7% that is expected to be announced later this year.
According to RHB Group Research analyst Shekhar Jaiswal, this is because any positive impact for the fare increase is likely to be at least partially negated by higher operating costs.
