Stock Market Update : Transport sector gets an 'overweight' as contracts are finalized .

SINGAPORE (Aug 15): RHB is looking after its "overweight" rating for the nearby land transport division, with a "purchase" call for ComfortDelGro (CD), alongside an objective cost of $3.25. 

This comes as occupant administrators SBS Transit and SMRT concluded longer-than-anticipated contracts with the Land Transport Authority (LTA) to work transport administrations for residencies averaging seven and six years separately. 

SBS Transit will get $5.3 billion in expenses to run 196 transport administrations while SMRT will get $1.9 billion in charges to work 77 transport administrations.

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