ComfortDelGro (C52.SG) +2.1% at $1.49 in above-average volume after record 3Q results.

CLSA notes 3Q marks first time CD crosses $60 million quarterly net profit mark, underscoring benefits from increasing ridership at home, strong growth in Australia, which will receive further boost from Swan Taxis buy.

“Risks from rising fuel/electricity costs and forex translation losses appear to be priced into stock, which remains attractively valued at 13x forward P/E,” vs SMRT’s (S53.SG) 20x, says CLSA.

Research house keeps Buy call, with decent 4% yield, $1.75 target implying 20% upside. UBS, which keeps Buy rating with $1.69 target, notes bus, taxis main contributors; company achieved 100% utilisation on Singapore taxi fleet, which gained over 300 taxis, “as robust demand for drivers (the company cited a waiting list) allowed CDG to delay scrapping, and eke out additional income from its older taxis. We expect this trend to continue in the coming quarters.”

Orderbook shows $1.51 likely cap.