public transportation

Broker's Calls

RHB maintains 'buy' call for ComfortDelGro, cites operating improvements and 'compelling' valuation

RHB analyst Shekhar Jaiswal's target price is $1.75 as Singapore's rail ridership and taxi leadership continues to improve.

Fintech

Visa rolls out nationwide contactless payments service for mass transit commuters

SINGAPORE (June 6): Public commuters in Singapore may now opt to pay for their bus or mass rapid transit (MRT) rides with their Visa contactless cards or compatible mobile devices, instead of using cash or EZ-Link cards.

SMRT train recalls undermine investor optimism

SINGAPORE (July 8): Daiwa Capital Markets is reaffirming its “underperform” rating on SMRT Corp with an unchanged target price of $1.34, meaning the stock is expected to underperform the local index by 5 – 15% over the next 12 months.  
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