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Brokers' take

Published Tue, Mar 27, 2018 · 09:50 PM

ComfortDelGro | Hold Target price: S$2.16 March 27 close: S$2.02 CGS-CIMB, March 26

GRAB announced that it has acquired Uber Technologies' South-east Asia business, with the Uber app to be phased out in South-east Asia. Pursuant to this, we believe it is highly likely that ComfortDelGro's proposed tie-up with Uber could be renegotiated.

Many scenarios could pan out. We believe the lengthy review of the ComfortDelGro-Uber deal sets a precedence in te…

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