ComfortDelGro: UBS believes CDG can weather competition for drivers from ride-sharing apps
-Cheaper rentals for private cars over taxis are offset by insurance and fuel costs
-Taxis' diesel engines more efficient
-Taxi drivers' take home pay, excluding surge pricing and surcharges, can be 6-35% higher
-ride-sharing app drivers bear earning risk, as the apps could be more likely to adjust their fares and incentives
-UBS maintain Buy with TP of $3.57
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