Brokers' take

ComfortDelGro | Hold

June 30 close: S$3.13

Target price: S$3.00

DBS Group Research, June 30

IN a media release from Transport for London (TFL), Metroline Rail Ltd, a wholly-owned subsidiary of ComfortDelGro (CD), has been shortlisted as one of four potential operators for London Overground. The other shortlisted bidders are Arriva Rail London Ltd, LoKeGo Ltd and MTR Corporation.

The four shortlisted bidders are all strong contenders, in our view, with experience in rail operations either in the UK or elsewhere. Furthermore, we noted separate bids by Arriva and MTR Corporation, who are the c…