Singapore Stock Market News

ComfortDelGro - Taxi Business Risks Now Lower

StockFanatic
Publish date: Mon, 13 Aug 2018, 04:36 PM
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Maintain NEUTRAL, new SGD2.35 TP from SGD2.20 TP offers 1% downside. CD offers a healthy 4.6% dividend yield and has well-priced in organic growth in its public transport and taxi businesses, as well as the upside from multiple bite-sized acquisitions. With no fresh details on its private-hire car business plans in Singapore, its taxi business remains at risk from likely increased competition from Grab as well as the arrival of new players in Singapore. Read More
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