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Gradual turnaround of taxi operations keeps ComfortDelGro at 'buy'

PC Lee
PC Lee • 3 min read
Gradual turnaround of taxi operations keeps ComfortDelGro at 'buy'
SINGAPORE (Sept 4): DBS Group Research is maintaining its forecasts and “buy” recommendation for ComfortDelGro.
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SINGAPORE (Sept 4): DBS Group Research is maintaining its forecasts and “buy” recommendation for ComfortDelGro.

This comes as its taxi fleet contraction bottoms out, giving way to expansion on the back of a milder competitive environment.

Furthermore, the group has been leveraging on its balance sheet to pursue inorganic growth opportunities to supplement growth.

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