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Brokers' take
Published Wed, Feb 10, 2016 · 09:50 PM
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Public Transportation | Overweight CIMB Research, Feb 9
We think the threat of Uber/Grab (U/G) is overhyped and the risk of rising taxi idle rates has subsided.
We upgrade ComfortDelGro from "hold" to "add" (target price: S$3.27). Key re-rating catalysts include bus reform and earnings growth from the Downtown Line.
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