Monday, May 15, 2006

Stock Outperform Call: ComfortDelgro by CIMB-GK

ComfortDelgro Corp may advance after CIMB-GK Research upgraded its call on the stock to "outperform" from "neutral" on the view that the market had overreacted to rising oil prices. "Recent rises in fuel costs is a concern, but the resulting slip in ComfortDelgro's price was rather melodramatic," CIMB-GK said in a client note. ComfortDelgro closed 0.04 sgd lower at 1.48 Thursday.

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