DBS maintains 'buy' on ComfortDelGro amid extended support for industry
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Singapore
DBS Group Research has maintained its "buy" recommendation on transport operator ComfortDelGro with a target price of S$1.96, amid recent announcements in the sector including extended support for cabbies and private hire drivers.
For one, the Land Transport Authority (LTA) has announced the extension of the Special Relief Fund (SRF) amounting to S$112 million for the point-to-point (P2P) industry. Of this amount, S$106 million will go towards providing rental reliefs for active taxi and private hire drivers till March next year.
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