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ComfortDelGro’s EV charging points business should generate high margins, but will take a few years: RHB

Atiqah Mokhtar
Atiqah Mokhtar • 2 min read
ComfortDelGro’s EV charging points business should generate high margins, but will take a few years: RHB
RHB views the business will take time to turn profitable as Singapore’s EV adoption is still in its early stages.
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RHB Group Research analyst Shekhar Jaiswal has kept his “buy” call and target price of $2.03 for ComfortDelGro (CDG) Corporation unchanged after the company announced it had jointly won a pilot tender to set up 470 electric vehicle (EV) charging points in Singapore.

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electric vehicle (EV) market
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