Key Indices
Top Stories
Company Results | ComfortDelGro Corp (CD SP/HOLD/S$1.36/Target: S$1.41)
- 1H26 core OP and PATMI declined 17% and 14% yoy respectively, missing our expectations and forming 41% and 43% of our and consensus 2026 forecasts. The shortfall was mainly due to the taxi/P2P segment, where OP fell 47% yoy to S$35.35m amid weakness in the taxi’s B2C market. Maintain HOLD with an 8% lower target price of S$1.41, with a 5.3% yield.
Market Spotlight
- US stocks were lower on Monday, with all indices falling as communication services, consumer staples and financials sectors slid. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI rose 24.87 points to 5,768.46, supported by strength in Singtel, DBS and Seatrium. Both mid- and small-cap indices rose, with a broad market advance on S$1.92b turnover.
Technical Analysis
SATS (SATS SP)
- Trading Buy Range: S$4.72-4.73
SIA Engineering (SIE SP)
- Trading Buy Range: S$3.17-3.18
Top Stories
Company Results | ComfortDelGro Corp (CD SP/HOLD/S$1.36/Target: S$1.41)
- 1H26 core OP and PATMI declined 17% and 14% yoy respectively, missing our expectations and forming 41% and 43% of our and consensus 2026 forecasts. The shortfall was mainly due to the taxi/P2P segment, where OP fell 47% yoy to S$35.35m amid weakness in the taxi’s B2C market. Maintain HOLD with an 8% lower target price of S$1.41, with a 5.3% yield.
Market Spotlight
- US stocks were lower on Monday, with all indices falling as communication services, consumer staples and financials sectors slid. There were more decliners than advancers on both the NYSE and NASDAQ.
- The FSSTI rose 24.87 points to 5,768.46, supported by strength in Singtel, DBS and Seatrium. Both mid- and small-cap indices rose, with a broad market advance on S$1.92b turnover.
Technical Analysis
SATS (SATS SP)
- Trading Buy Range: S$4.72-4.73
SIA Engineering (SIE SP)
- Trading Buy Range: S$3.17-3.18
Key Indices
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