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BROKERS' TAKE

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

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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.

Singapore

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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