Recovery around the corner■ CD's net profit fell 38% qoq to S$34.8m in 2Q21, in line with our expectationsbut below consensus. Interim dividend payout was reinstated.■ We believe the worst is likely over. Social mobility is set to improve in 2H21as Singapore reopens its economy after reaching a high vaccination rate.■ Reiterate Add. Our TP […]

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