Home Capital Broker's Calls

Accumulate CDG, Dairy Farm and SingTel at bargains amid recovery potential and trade: DBS

Felicia Tan
Felicia Tan4/6/2021 6:1 PM GMT+08  • 5 min read
Accumulate CDG, Dairy Farm and SingTel at bargains amid recovery potential and trade: DBS
DBS has also rated “buy” on CDG, Dairy Farm and Singtel with target prices of $1.99, US$5.02 and $2.75.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Group Research analysts Yeo Kee Yan, Chung Wei Le and Janice Chua have recommended investors to accumulate ComfortDelGro (CDG), Dairy Farm and Singapore Telecommunications (SingTel) at bargains as these “laggard large caps”, as the team led by Yeo calls them, offer recovery potential and trade over 15% below their February 2020 price levels.

The way the team sees it, CDG stands to benefit from more workers returning to their offices, as more commuters are expected to use trains from April 5.

For more stories about where the money flows, click here for our Capital section

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.