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Home / Capital / Brokers Calls

Analysts positive on ComfortDelGro as it cruises towards a recovery

Broker's Calls

Analysts positive on ComfortDelGro as it cruises towards a recovery

Samantha Chiew Published on Fri, Feb 05, 2021 / 11:40 AM GMT+8

ComfortDelGro (CDG) on Feb 4 will be embarking on its beta trial of its new ride-hailing service.

The move, which will serve to supplement its 10,000 strong taxi fleet, will involve a small number of private hire cars (PHCs) as the group gauges reception to the service. Upon completion of the beta trial, which is expected to run into March, CDG will assess the response to the service and gradually open it up to more PHC drivers.

On the back of this, analysts are positive on CDG’s outlook and believe that it is on track towards a recovery