Over the past year, ComfortDelGro Corporation Ltd (SGX: C52), or CDG, has seen its share price fall 15.3%.
The path ahead, however, looks to be much smoother.
There was one round of easing of COVID-19 rules back on 26 March where group sizes were increased from five to 10.
Dining-in at food and beverage outlets allowed up to 10 people too while restrictions on alcohol consumption after 10:30 p.m. were lifted.
Furthermore, 75% of staff could now return to the office, and larger groups were permitted for events.
And the news gets even better.
Starting today, group size limits will be removed and all staff can return to their offices.
The capacity limit for mask-on events with more than 1,000 people will also be removed.
What do these measures mean for CDG, and can they help the blue-chip company’s business?
More people up and about
The gradual easing of restrictions in stages has already had a positive effect on CDG....