SINGAPORE (June 5): The unprecedented “circuit breaker” measures in Singapore has caused most of commuter traffic to disappear. It has also sent ComfortDelGro shares down 32% year to date to close at $1.61 on June 3. For the land transport giant — which operates taxis, buses and trains — the Covid-19 outbreak was an unprecedented challenge for a business which for years has been seen as one of the more defensive stocks to own.

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