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BROKER'S TAKE

CGS-CIMB initiates coverage on SBS Transit with 'add' call

Singapore

CGS-CIMB has initiated coverage on SBS Transit with an "add" call and a target price of S$3.40, saying it is "time to hop on" the stock.

The market has not priced in the bus and train operator's recovery scenario and potential catalysts, analysts Ong Khang Chuen and...

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