Analysts from UOB Kay Hian, Maybank Kim Eng Research, CGS-CIMB, OCBC Investment Research and DBS Group Research have all maintained their “buy” and “add” calls on ComfortDelGro (CDG). 

Target prices from these brokerages have been maintained at $1.90, $1.88, $1.80 and $2 respectively, although DBS has lowered its target price from $1.99 to $1.94. 

DBS analysts Paul Yong and Yong Woon Bing say the target price is revised based on 1.53 times FY2021 price to book value (P/BV), which is -0.5 standard deviation (SD) of its historical average. 

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