Comfort Delgro

Comfort Delgro: +3.8% at $1.655 in strong volume, as the best-performing STI component extends Tuesday's 2.6% gain. The gains are probably related to Transport Minister Lui Tuck Yew's comments in parliament Tuesday, analyst says; 'ComfortDelGro has been left out of the main consequences' of the Committee of Inquiry's report on MRT service disruptions. Note of SBS Transit's late Monday statement it will buy 1,000 new buses was part of previously announced plans and wasn't really a surprise. Another analyst says the gains are partly because the oil price has fallen and electricity as well. SMRT also has run up a little recently, adding the company is in a good balance-sheet position. ComfortDelGro is trading at levels last tapped in January 2010; the $1.69 peak tapped in that month may offer resistance.