RHB Group Research's Shekhar Jaiswal has maintained his “buy” rating on ComfortDelGro (CDG) with an unchanged target price of $1.70 despite expecting a “near-term weakness” in share price. 

This was amid what he called “earnings headwinds” from the announced lockdown in the UK. 

However, Jasiwal said with strong control on Covid-19 and continued Government support from extensions to the Jobs Support Scheme (JSS) and Point-to-Point Support Package to early 2021, CDG’s public transport and taxi businesses in Singapore should see q-o-q improvements. 

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