$COMFORTDELGRO CORPORATION LTD(C52.SI)$i am bearish on this stock despite relaxing of covid restrictions and border reopening.

The rising cost of living could lead local residents to change their travelling habits from taxi to mrt and buses instead. Competitive pricing from hail ridings is another factor. Some taxi drivers of older age group may drive less hours on the road. Rising oil prices may eat into the profits of the taxi business.

Despite border openings, our traditional group of Chinese tourists and nearby neighbouring countries are not here in big volume due to restrictions and other economic factors in their domestic economy. 

Despite a stock paying reasonable dividends, demand for it is not strong. Its share price has gradually decline and is nearing its lowest.

People with spare cash may prefer to put them in the promotional fixed deposits rates or short term insurance endowment plans offering as high as 2.9 % for the latter products with no risks of falling capital sum since it is capital guaranteed on maturity. 

Just my thoughts on this stock. Invest with care based on your time horizon, objective and risk tolerance factors.

Best wishes.