ComfortDelGro 3Q22 - CGS-CIMB Research 2022-11-14: Inflationary Pain Offsets Ridership Recovery

• 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/.

Read also CGS-CIMB's most recent report:
2024-01-24 ComfortDelGro - Awarded Stockholm Metro Tender.

Previous report by CGS-CIMB:
2024-01-11 ComfortDelGro - 4Q23 PATMI Likely To Double Y-o-y; UK Tailwinds Fuel Growth In FY24.

Price targets by 6 other brokers at ComfortDelGro Target Prices.

Listing of research reports at ComfortDelGro Analyst Reports.

Relevant links:
ComfortDelGro Share Price History,
ComfortDelGro Announcements,
ComfortDelGro Dividend Payout Dates & Corporate Actions,
ComfortDelGro News