Analysts give ComfortDelGro the thumbs up, citing recovery in Singapore and other key markets

Singapore

TRANSPORT behemoth ComfortDelGro (CDG) is a "buy" given that it is seeing recovery in Singapore and other key markets as the Covid-19 situation remains under control, market observers say.

Both RHB and CGS-CIMB have a target price of S$1.70, representing a 13.3 per cent upside from the counter's Nov 13 close of S$1.50.

Meanwhile, Maybank Kim Eng and DBS are more optimistic, with a 12-month price target of S$1.76 and S$1.96 respectively.

CDG shares closed at S$1.54 on Friday, up S$0.04 or 2.7 per cent.

This comes after the transport operator on Thursday posted a net profit of S$21.7 million for the third quarter ended Sept 30, down 69 per cent fr…