ComfortDelGro - ComfortDelgro raised to Buy by Phillip Securities

Stock Name: ComfortDelGro
Company Name: COMFORTDELGRO CORPORATION LTD
Research House: Phillip Securities

Phillip Securities raises ComfortDelgro (C52.SG) to Buy from Hold, ups target price to $1.75 from $1.73, after transport operator reports strong 2Q earnings, boosted by Australia bus business, Singapore taxi servicem says Dow Jones.



“The recovery of the Singapore economy coupled with the record tourism arrivals will continue to contribute strongly to the growth of its Singapore taxi business for second half of the year. The Australia bus business continues to impress recording double digit growth for both q-o-q and y-o-y, the management expects Australia bus business to continue its growth as they introduce more services,” Phillip Securities says.



ComfortDelgro last unchanged at $1.55.