RHB Group Research’s Shekar Jasiwal has maintained his buy call on ComfortDelGro (CDG) with a raised target price to $1.90 from his previous figure of $1.70. 

In a Dec 8 report, Jasiwal said recent news flow on the merger between Grab and Gojek, if confirmed, should lead to lower competitive intensity in the taxi and private-hire car business in Singapore. 

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