UOB Kay Hian analysts Llelleythan Tan Yi Rong Heidi Mo believe that amid the escalating trade war, ComfortDelGro Corporation will not see any significant impact to its earnings, given the defensive nature of its businesses.

"We also expect increased overseas contributions in 2025 from recent acquisitions, new bus contracts and ongoing contract renewals. 

"In spite of the recent weakness in share price, we continue to like ComfortDelGro, underpinned by strong earnings growth and a decent 2025 dividend yield of 6.1%," write Tan and Mo, who are keeping their "buy" call and $1.76 target price.