The easing of Covid-19 restrictions should further boost public transport ridership and translate to higher demand for taxis in Singapore, says RHB Group Research analyst Shekhar Jaiswal. 

Jaiswal has maintained his ‘buy’ call for ComfortDelGro Corp (CDG) with an unchanged target price of $1.90 after the government announced that from 5 Apr onwards, working from home will not be the default option, with up to 75% of employees allowed at the workplace at any one time, compared to 50% previously.

SEE:ComfortDelGro commits $50 mil to clean energy technology over the next 5 years

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