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CGS-CIMB initiates coverage on SBS Transit with 'add' call
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Published Mon, Sep 21, 2020 · 09:50 PM
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.
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