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Brokers' take

Maintain "buy" on ComfortDelGro (CD) with a discounted cash flow-based S$3.60 target price (28 per cent upside, weighted average cost of capital: 8 per cent, terminal growth rate: one per cent) post the announcement of new regulations for private-hire car drivers and vehicles in Singapore.

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IPO price: S$0.22

Target price: None

Phillip Securities Research, April 13

Homegrown engineering services provider with a good track record and portfolio of renowned clients in the

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