ComfortDelGro (CDG)

During the Global Financial Crisis and the Asian Financial Crisis, Maybank Kim Eng analyst Thilan Wickramasinghe notes that the Singapore market crashed by about 60% from start to end. This time round, the market has retreated just over 20% thus far.

'Buy' ComfortDelGro and cruise for the longer term

Come end-April, some of these taxis will double up as grocery delivery vehicles for RedMart, the online grocery arm of Lazada, which has seen a surge in requests for home deliveries.

Here are three stocks to watch: Singapore Airlines, ComfortDelGro and Valuetronics Holdings.

DBS has cut its FY2020F and FY2021F earnings by 19% and 11% respectively, while CGS-CIMB has slashed its FY2020-2022F earnings per share (EPS) forecasts by 13.4%-38.6%.

Analysts are mostly neutral on land transport operator ComfortDelGro (CDG) as the group is expected to experience some headwinds amid the novel coronavirus (CoVid-19) outbreak in Singapore.

SINGAPORE (Aug 2): Quarterly momentum has broken down and has weakened considerably since end July. The Straits Times Index slipped below the confluence of the 50- and 100-day moving averages at 3,277 and 3,278. The breakdown took place on expanding volum

SINGAPORE (June 18): RHB Research has upgraded ComfortDelGro (CD) to ‘neutral’ as the stock looks fairly priced now although it remains confident over the company’s growth recovery.

SINGAPORE (June 4): ComfortDelGro (CDG) announced that its six-month-old US$100 million corporate venture capital fund ComfortDelGro Ventures has made three strategic investments in transport-related technology start-ups in the areas of on-demand bus tech

SINGAPORE (May 28): UOB Kay Hian recommends investors "buy" ComfortDelGro (CDG) on dips with a target price of $2.77 following the group’s results announcement.