Maybank Kim Eng analyst Kareen Chan has maintained “buy” on transport operator ComfortDelGro (CDG) with a higher target price of $1.88 from $1.76 previously, as she estimates recovery in ridership for taxis and public transport will recover in 2021. Chan has also upped CDG’s earnings per share...

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The Straits Times Index (STI) was down 11.8% in 2020, making it the worst performer in Asia, says PhillipCapital’s head of research Paul Chew in its Singapore strategy report for 2021 dated Jan 5. The index’s poor performance coincided with Singapore’s worst gross domestic product (GDP) contra...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

THE following companies saw new developments that may affect trading of their securities on Monday:

Despite a gradual lifting of government support for the public transport and taxi sector, transport operator ComfortDelGro is showing strong domestic earnings recovery, says RHB analyst Shekhar Jaiswal in a Dec 17 note.  For this, Jaiswal is maintaining his “buy” call on the company, with a...

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SBS Transit and French public transport operator RATP Dev have entered into a strategic partnership to deliver world-class metro services in Singapore. The partnership, which brings together a combined 87 years of experience in railway operations and maintenance, will form a new jointly-owned compan...

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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 ...