SINGAPORE (Nov 16): Daiwa Capital Markets has raised its FY15 to FY17 earnings per share forecasts for ComfortDelGro by 0.2%-3.3% to account for the “better-than-expected margin trend” reflected by the public transport company.

It says the better-than-expected operating margins in its bus and taxi segments helped lift ComfortDelGro’s net earnings to beat Daiwa’s estimate by 5.2%.

Also, under the company’s bus segment, the UK bus revenue growth of 5.7% year-on-year was a positive surprise, due to favourable currency movements and positive operational trends.

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