ComfortDelgro

DBS Vickers Securities in a Dec 6 research report says: "CD has announced revisions to its taxi fare structure. Given that CD has about 66% of the taxi market share in Singapore, we expect other operators to soon follow suit. "We expect demand for taxis to drop off initially before gradually recovering and that eventually taxi drivers should see higher income. This is only a fare revision which will affect taxi passengers' travelling costs and hirers' income. We don’t expect an immediate change to hire out rates and lease out rates so we keep our earnings estimates for now. "We continue to like CD as our preferred Singapore land transport play over SMRT with its geographical diversity and more attractive valuations. Target price of $1.95. MAINTAIN BUY."