UOB Kay Hian analyst Llelleythan Tan has maintained their bullish stance on CDGLF stock, giving a Buy rating on April 3.
Llelleythan Tan has given his Buy rating due to a combination of factors that highlight ComfortDelGro’s resilience and growth potential. The company’s operations are largely insulated from global trade tensions and tariffs, as a significant portion of its revenue and profit comes from domestic sources. This defensive nature ensures that ComfortDelGro remains stable even amidst economic uncertainties.
Moreover, the company is poised for growth through increased overseas contributions. Recent acquisitions and new bus contracts in the UK are expected to enhance revenue and profitability. Additionally, the easing of monetary policy by the Monetary Authority of Singapore is anticipated to further support overseas earnings. These factors, combined with a strong dividend yield, underpin Llelleythan Tan’s positive outlook and Buy rating for ComfortDelGro.
According to TipRanks, Tan is ranked #6469 out of 9350 analysts.
In another report released on April 3, DBS also maintained a Buy rating on the stock with a S$1.80 price target.