ComfortDelGro (C52.SG) +1.4% at $1.48 vs STI down 0.2%, after transport group posts solid yearly, sequential rise in 3Q net profit to $61.4 million, on record revenue of $823.4 million, +5.2% on year. 

Credit Suisse says results in line, growth broad-based with all units, (ex automotive engineering) improving revenue, profit. Says outlook remains positive, notes management guided for all operations to either be maintained or improve going forward; keeps forecasts intact, says valuations “compelling” at 12X P/E on $1.90 target price; maintains Outperform call. 

JPMorgan, which has Overweight call, $2.00 target, also says valuation attractive at 12-month forward P/E of 12.3X vs 15X historical mean, “with the continued strong growth drivers in Singapore and Australia bus and taxi.” Volume fairly light at 1.2 million shares, $1.49 30-day moving likely cap today.