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”.
“Since the start of CY16, Singapore’s land transport sector has been filled with much news and activities, impacting across all three modes of public transport – rail, bus and taxi industries,” says OCBC lead analyst Eugene Chua in a Thursday report.
New regulations for the private hire car service industry were introduced in April, with a focus on ensuring safety for commuters.
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