ComfortDelGro shares seen rebounding as early as next month

Since June, ComfortDelGro's stock price has slipped around 8 per cent. PHOTO: ST FILE
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SINGAPORE - ComfortDelGro stands to benefit hugely from the impending lifting of phase two restrictions that could come as early as next month, according to a Smartkarma Analysts' Insights on Tuesday (July 27).

Analyst Henry Soediarko of CrossASEAN Research, who publishes on Smartkarma, wrote that as restrictions in Singapore are eased, including dining in and working at the office, the mobility rate will increase and ComfortDelGro would be the main beneficiary through higher traffic in domestic travel (through MRT and buses) and also overseas trips, presumably due to higher taxi ridership to and from Changi Airport.

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