Another year, another fare hike, and this time, Singapore’s buses and trains are getting a little more expensive to keep the wheels turning. But while the headlines focus on commuter costs, investors are watching what the move means for ComfortDelGro’s profits, policy risk, and dividend potential.

Dan Koh and Audrey Siek find out what the change means for ComfortDelGro’s earnings, costs, and dividend outlook, and whether this marks a turning point after years of thin margins.