He also noted HDT Singapore (HDT) announced the closure of its taxi business for good last week. HDT ran the smallest fleet of 117 taxis as at end October, compared to the industry size of about 16,000 taxis.
RHB Group Research’s Shekar Jasiwal has maintained his buy call on ComfortDelGro (CDG) with a raised target price to $1.90 from his previous figure of $1.70.
In a Dec 8 report, Jasiwal said recent news flow on the merger between Grab and Gojek, if confirmed, should lead to lower competitive intensity in the taxi and private-hire car business in Singapore.
