Photo: ComfortDelGro

RHB Group Research analyst Shekhar Jaiswal has maintained “buy” on ComfortDelGro (CDG) albeit with a new target price of $2 from $2.10 as the group’s earnings recovery may be “temporarily halted” in the 2QFY2021 on the back of tighter restrictions.

Jaiswal has also reduced his profit estimates for the FY2021 by 12%, and estimates for the FY2022 and FY2023 by 4% each amid lower rail ridership and higher taxi rental rebates.

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