SINGAPORE (July 20): Credit Suisse has maintained its “outperform” rating for transport operator ComfortDelGro (CD) with a lower target price of $3.53, from $3.70 previously.

This follows a shakeup of the transport industry as SMRT recently announced the sale of its rail assets to the Land Transport Authority (LTA) for $991 million under the New Rail Financing Framework (NRFF).

(See: Temasek said to weigh buyout of Singapore subway operator SMRT)

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