SGX Stocks Tips : ComfortDelGro to 'remain resilient' against Brexit, private hire car services ( OCBC )

SINGAPORE (June 29): OCBC Investment Research on Wednesday said ComfortDelGro is likely to "remain resilient" in the face of Brexit and private car hires services such as GrabCar and UberX.

The research house maintained its "buy" recommendation on ComfortDelGro with an unchanged $3.40 fair value.

OCBC lead analyst Eugene Chua says ComfortDelGro's price levels are attractive to "buy".

"At the current price levels, we think market has overpriced-in the potential impacts from both Brexit and threat of private hire car services," Chua says.

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