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

Fiona Lam

Fiona Lam

Published Mon, Sep 21, 2020 · 09:50 PM
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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 Darren Ong wrote in a note dated Friday.

KEYWORDS IN THIS ARTICLE

ComfortDelGro
Public transport
Taxis

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