RESEARCH ALERT-ING cuts Comfort to hold from buy

Newswire

SINGAPORE, Nov 22 (Reuters) - ING Financial Markets said it has downgraded Singapore transport firm Comfort Group Ltd to a hold from a buy as its proposed merger with Delgro Corp Ltd poses higher risks for its shareholders. The merger, which would create the city-state's largest land transport group with a market value of about S$1.2 billion ($681 million), would make the dominant taxi operator Comfort and Delgro, the main provider of bus services, bigger than rail operator SMRT Corp . ...

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