Government Contracting Model (GCM)

SINGAPORE (May 12): RHB is maintaining its “buy” call on ComfortDelGro with $3.00 target as the broker sees strong revenue visibility from Singapore’s bus business via the Government Contracting Model (GCM), and improving rail revenue from higher ri

SINGAPORE (April 6): RHB is not ruling out the possibility of a fare hike next year, given the Public Transport Council has started its review of the formula through which bus and train fares are adjusted yearly.

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

SINGAPORE (Aug 15): RHB is maintaining its “overweight” rating for the local land transport sector, with a “buy” call for ComfortDelGro (CD), along with a target price of $3.25.