SINGAPORE (Oct 4): OCBC Investment Research is keeping its "purchase" proposal on ComfortDelGro however slicing its reasonable quality assessment to $3.10 from $3.21 already, in the midst of the quick development of private contract auto administration suppliers.
As at end-Aug, Singapore's rental auto populace surged 48.0% y-o-y to 43,462 vehicles, contrasted with end-Dec 2015.
This is driven fundamentally by private contract auto administration suppliers, for example, Grab and Uber, says OCBC lead examiner Eugene Chua in a Tuesday report.
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- Singapore's PMI
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Today Recommendations :
- SGX INTRADAY SIGNAL:BUY NOBLE AT 0.157 TARGET 0.162, 0.168 SL 0.151....
- SGX INTRADAY SIGNAL:BUY SUNMOONFOOD AT 0.071 TARGET 0.075, 0.078 SL 0.067....
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