After a torrid 2020, many companies are now looking forward to increased demand for their goods and services in 2021. As vaccines are rolled out worldwide and economies slowly start to reopen, a tentative recovery should start taking root. All these developments should be music to the ears of ComfortDelGro Corporation Ltd (SGX: C52), or CDG. The land transport giant presented a weak 2020 earnings report as the public transport sector was impacted by last year’s circuit breaker and the rise of telecommuting. Revenue for the group fell by 17.2% year on year while net profit after tax plunged by 76.7% year on year to S$61.8 million. It could have been worse. CDG’s profit was boosted by COVID-19 reliefs doled out by the government to the tune of S$169.3 million. Without those relief payments, the land transport conglomerate would have reported an operating loss of S$46.2 million. Despite the dour results,...