Stock Idea #3 ComfortDelgro Corporation

UOB Kay Hian has maintained its Buy rating on the company with a target price of $1.73. The transition to endemic living in Singapore will bring about more consumers travelling on both private and public transport. “SBS Transit experienced a strong recovery in rail ridership for May 22 (+56.8% yoy, +4.6% mom), forming 81% of pre-pandemic levels (May 19). We reckon that this is due to more office workers returning to office spaces and the removal of dine-in group size limits. According to Land Transport Authority (LTA), passenger demand for point to point trips has gradually improved, albeit seeing slight dips due to COVID-19 outbreaks. Overall, we expect rail and taxi ridership to reach near pre-pandemic levels by 1Q23. ” >> Read more about the company here.

Stock Idea #4 OCBC

CGS CIMB has maintained its ADD rating on the company with a target price...