Singapore Land Transport - RHB Invest 2024-03-06: Review Of Point-To-Point Transport Industry

• Following a review, Singapore’s Land Transport Authority (LTA) announced the first set of changes to the P2P regulatory and operational framework. While the timeline for implementation has not been finalised, we view them as positive for the taxi industry and especially for ComfortDelGro (SGX:C52), which is Singapore’s largest taxi operator.

Our views on each of the key announcements:

1. Statutory lifespan of diesel, petrol, and hybrid taxis to be extended to 10 years from eight years currently.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

2. Inspection frequency for taxis under three years old to be reduced from once every six months to once a year.

• Read more at SGinvestors.io.

Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-03-06 SGinvestors.io

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