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ComfortDelGro to see “very weak” results for 1H2020, but worst is over: DBS

Jovi Ho
Jovi Ho7/16/2020 01:57 PM GMT+08  • 2 min read
ComfortDelGro to see “very weak” results for 1H2020, but worst is over: DBS
Transport operator ComfortDelGro is expecting “very weak” results for 1H2020, owing to a sharp drop in ridership during the circuit breaker period.
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SINGAPORE (Jul 16): Transport operator ComfortDelGro is expecting “very weak” results for 1H2020, owing to a sharp drop in ridership during the circuit breaker period.

ComfortDelGro is also offering massive rebates to its fleet of more than 13,000 taxis in Singapore.

On that, DBS Group Research is maintaining its “buy” call with an unchanged 12-month target price of $1.68.

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