New Rail Financing Framework (NRFF)

SINGAPORE (May 14): RHB Research and CGS CIMB Securities are hanging to their “neutral” and “hold” calls on ComfortDelGro (CDG).

SINGAPORE (Feb 13): The road ahead is paved with challenges for land transport operator ComfortDelGro.

SINGAPORE (Sept 29): An overwhelming 98.84% of SMRT Corp shareholders on Thursday voted in support of the sale of SMRT Trains’ existing operating assets as part of a new rail financing framework (NRFF) deal.

SINGAPORE (Aug 18): OCBC Investment Research is keeping its “neutral” rating on Singapore’s land transport sector amid what has been “a year of many regulatory changes”.

SINGAPORE (July 22): OCBC Investment Research says investors should take Temasek’s offer to buy all issued ordinary shares of SMRT Corporation at $1.68 per share in cash by way of a scheme arrangement.

SINGAPORE (July 21): DBS is advising investors to accept Temasek’s offer of $1.68 per share for SMRT shares, according to a flash note on Thursday.

SINGAPORE (July 21): Maybank Kim Eng is maintaining its “negative” rating for Singapore’s land transport sector, according to a report issued on Thursday.

SINGAPORE (July 21): UOB has indicated it is inclined to accept the offer price of $1.68 a share for SMRT Corp, according to a Thursday report. The offer share represents an 8.7% premium to its last closing price of $1.545 on July 15.

SINGAPORE (July 20): Credit Suisse has maintained its “outperform” rating for transport operator ComfortDelGro (CD) with a lower target price of $3.53, from $3.70 previously.