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. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook