This week, ComfortDelGro reported it’s full-year 2020 earnings report. Operating profit plunged by 70.4% year on year to S$123 million from over S$415 million a year ago. Even so, some believe the company is a winner from Budget 2021, because of its focus on electric vehicles, and, ComfortDelGro taxis are already transitioning toward electric vehicles and most are already hybrid. Terence Chua, Senior Research Analyst, Phillip Securities gives his outlook on the stock. 

<p>This week, ComfortDelGro reported it&rsquo;s full-year 2020 earnings report. Operating profit plunged by 70.4% year on year to S$123 million from over S$415 million a year ago. Even so, some believe the company is a winner from Budget 2021, because of its focus on electric vehicles, and, ComfortDelGro taxis are already transitioning toward electric vehicles and most are already hybrid. <strong>Terence Chua, Senior Research Analyst, Phillip Securities</strong> gives his outlook on the stock.&nbsp;</p>

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