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The worst looks over for taxis

Samantha Chiew
Samantha Chiew9/27/2018 11:40 AM GMT+08  • 3 min read
The worst looks over for taxis
SINGAPORE (Sept 27): Phillip Capital is keeping an “overweight” recommendation on the land transport sector due to positive industry restructuring following the exit of Uber and the worst being over for the taxi industry.
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SINGAPORE (Sept 27): Phillip Capital is keeping an “overweight” recommendation on the land transport sector due to positive industry restructuring following the exit of Uber and the worst being over for the taxi industry.

The research house has also maintained its “accumulate” rating on ComfortDelGro with an unchanged target price of $2.78.

This month marks the second consecutive month that Singapore taxi companies – Comfort Taxi, CityCab and Prime – grew their fleets m-o-m.

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