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DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

Broker's Calls

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

Felicia Tan Published on Fri, Mar 26, 2021 / 5:25 PM GMT+8

As distancing measures are set to ease on April 5, DBS Group Research analyst Alfie Yeo expects stocks exposed to domestic consumption to benefit.

To this end, Yeo has kept “buy” on ComfortDelGro (CDG), Koufu, Sheng Siong Group and Dairy Farm International.

“We are positive on CDG for increased public transport usage, especially on taxi rental rates and Downtown Line (DTL) demand,” writes Yeo in a March 26 flash note.

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DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

Broker's Calls

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

Broker's Calls

DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures

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