Brokers' take

ComfortDelGro | Hold

May 14 close: S$3.06

Target price: S$3.07

OCBC Investment Research, May 14

AS the first quarter's performance has historically always been the weakest, ComfortDelGro's (CDG) 1Q15 results were broadly in-line with our expectations.We expect stable growth to continue, as management guided for revenue from Singapore and UK bus, rail and Singapore taxi segments to go up.

Over the longer term, bus restructuring in Singapore will turn core operations profitable from H2 2016. We continue to like CDG for its stability and diversified revenue base. Prudent capital management coupled…