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

Felicia Tan
Felicia Tan3/26/2021 5:25 PM GMT+08  • 2 min read
DBS positive on CDG, Koufu, Sheng Siong and Dairy Farm on easing of measures
Valuations for grocery retailers are also expected to remain attractive.
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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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