Brokers' take

ComfortDelGro | Buy Fair value: S$2.25 March 21 close: S$2 OCBC Investment Research, March 21

In the recent few months up to Jan 18, we saw encouraging taxi operational indicators, which we view as positive for ComfortDelGro.

Firstly, we noted three consecutive months and five consecutive months of year-on-year growth in the industry average engaged mileage recorded for one-shift taxis and two-shift taxis, respectively.