Singapore's Best Stock Rises From the Ashes of Uber's Demise
- ComfortDelGro was Singapore’s second-worst stock in 2017
- Company seen in growth mode after Uber’s exit from Singapore
Taxis, managed by ComfortDelGro Corp., in Singapore.
Photographer: Nicky Loh/Bloomberg
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It’s been a heck of a ride for ComfortDelGro Corp.
In a little over seven months, Singapore’s largest taxi company has reversed course from the city-state’s second-worst performing stock to its best, as competition for passengers eased following Uber Technologies Inc.’s exit from Southeast Asia.