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DBS, Maybank KE cut target price for ComfortDelGro

Transport giant hit by lower rail ridership in S'pore, a weaker Aussie dollar, and fewer routes in the UK

ComfortDelGro's taxi revenue was hit by rental relief schemes in Singapore that began in February, and full-rental waivers for taxis in China during its Covid-19 lockdown.


TWO analysts on Tuesday lowered their target prices on the stock of land transport giant ComfortDelGro Corp.

Maybank Kim Eng maintained its "buy" call but reduced its target price to S$1.98 from S$1.99. DBS Group Research maintained its "hold" call with a new target price...

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