- ComfortDelGro (SGX:C52) posted 3Q22 PATMI of S$34m (-18% q-o-q, +33% y-o-y), with stronger sequential performance in the taxi segment more than offset by weakness in the public transport segment. 9M22 core net profit came in at S$121m, below expectations at 67%/62% of our/Bloomberg consensus forecasts. See ComfortDelGro's Announcement dated 14 Nov 2022.
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Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
ONG Khang Chuen CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-11-14 SGinvestors.io
Read also CGS-CIMB's most recent report:
2023-11-14 ComfortDelGro - Further Earnings Recovery Taking Shape In 3Q23 .
Previous report by CGS-CIMB:
2023-10-10 ComfortDelGro - A Smoother Ride.
Price targets by 4 other brokers at ComfortDelGro Target Prices.
Listing of research reports at ComfortDelGro Analyst Reports.