SMRT has been quiet on the corporate front, however we note that over the past few weeks, a couple of houses have downgraded the stock, notably CIMB, KIM Eng & RBS, recommending investors to instead switch to Comfort Delgro which is cheaper in terms of valuations (SMRT 21x FY11E PE vs Comfort Delgro 14x FY11E PE)….
Technically, stock has been capped at $2.07 over the last few days, next support level tipped at $2.02
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