SBS Transit an 'add'; Comfort DelGro's net profit for FY2020 expected to be $51 million: CGS-CIMB

CGS-CIMB Research is maintaining its “add” call and target price of $3.60 on SBS Transit.

This call is pegged to the company’s 5-year historical average price-to-earnings of 13.2x, explain analysts Ong Khang Chuen and Darren Ong say in a Feb 9 flash note.