ComfortDelGro's Earnings May Benefit From Less-Bearish U.K. Public Transport Outlook -- Market Talk

Dow Jones
Jun 23

0149 GMT - ComfortDelGro's earnings may benefit from a less-bearish U.K. public transport outlook and higher margins at subsidiary Vicom, DBS Group Research's Zheng Feng Chee says in a research report. Margin compression at ComfortDelGro's operations in U.K. public transport is likely to be less severe than initial expectations, underpinned by factors including a more moderate inflation outlook, the analyst says. Vicom should benefit from a higher mix of high-margin on-board-unit installations by Malaysian vehicles ahead of Singapore's new Electronic Road Pricing system to be rolled out on Jan. 1, 2027. DBS raises the stock's rating to hold from fully valued and the target price to 1.30 Singapore dollars from S$1.11. Shares are 0.8% higher at S$1.31. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 22, 2026 21:49 ET (01:49 GMT)

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