Jaiswal has also reduced his profit estimates for the FY2021 by 12%, and estimates for the FY2022 and FY2023 by 4% each amid lower rail ridership and higher taxi rental rebates.
Photo: ComfortDelGro
RHB Group Research analyst Shekhar Jaiswal has maintained “buy” on ComfortDelGro (CDG) albeit with a new target price of $2 from $2.10 as the group’s earnings recovery may be “temporarily halted” in the 2QFY2021 on the back of tighter restrictions.
