Brokers' take

ComfortDelGro Hold May 28 close: S$2.45 Target price: S$2.37 CGS CIMB, May 25

COMFORTDELGRO (CD) said it was parting ways with Lion City Rental (LCR) given that Uber's exit renders the tie-up less attractive. To recap, in December 2017, as part of CD's tie-up with Uber, CD announced the planned acquisition of a 51 per cent stake in the operator of Uber's LCR for S$642 million.

Management reiterated that it still intends to enter the private hire v…