Broker: OCBC Group Research
Date of Report: 15 May 2026
Excerpt from OCBC Group Research report.
Report Summary
- ComfortDelGro Corporation (CD SP)
Action: BUY
Target Price: SGD 1.57
Key Idea: 1Q26 results were below expectations due to weakness in the Taxi/Private Hire segment. Operating costs outpaced revenue growth, leading to a 16.1% decline in PATMI. Fair value was cut from SGD1.74 to SGD1.57. Despite the challenges, the BUY rating is maintained as the price return potential remains above 10%. - Keppel Infrastructure Trust (KIT SP)
Action: BUY
Target Price: SGD 0.580
Key Idea: 1Q26 distributable income rose 18.2% YoY. The trust is acquiring an additional stake in Keppel Merlimau Cogen to strengthen portfolio resilience. Limited impact from Middle East conflict. Fair value was increased from SGD0.545 to SGD0.580. - Singapore Post (SPOST SP)
Action: HOLD
Target Price: SGD 0.40
Key Idea: FY26 underlying net profit dropped 57.0% due to weak cross-border volumes. SPOST is focusing on cost reduction, leveraging its letterbox network, and improving property yields. The turnaround to commercial sustainability will require time. Fair value remains at SGD0.40.
above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website : https://www.ocbc.com
