Comfort Delgro

Analysts are all keeping their "buy" and "add" calls on ComfortDelGro’s earnings of $49.9 million for the 3QFY2023 ended Sep 30.

It’s a buy for both SBS Transit and Comfort DelGro

RHB has maintained its “buy” rating on ComfortDelGro with a target price of $1.65, and says despite its low share price, it believes the worst has passed, and CDG is looking at a recovery.

Transport operator ComfortDelGro is expecting “very weak” results for 1H2020, owing to a sharp drop in ridership during the circuit breaker period.

CGS-CIMB analyst Ong Khang Chuen is maintaining “hold” on transport operator ComfortDelGro (CDG), with a reduced target price to $1.46 from $1.50 previously, largely due to the Covid-19 pandemic.

“We know that things will continue to be tough for our cabbies still but having already extended full rental waiver for the last two months, we are unable to do so for a third,” says ComfortDelGro Taxi CEO Ang Wei Neng.

DBS recommends investors to look at circuit-breaker casualties and top-slice beneficiaries, but the long-term outlook remains pessimistic.

“Despite the challenging environment over the next 12 months, ComfortDelgro remains in an enviable position to recover when the situation improves,” says Joel Ng of KGI Securities.

Bumitama Agri, Valuetronics and Genting Singapore are among the stocks to watch this week.

SINGAPORE (Dec 20): Transport operators in Singapore have been battered by low public-transport fares as well as the entry of another ride hailing startup, Gojek.