- ComfortDelGro (SGX:C52) reported its 3Q22 Business Update, with revenue and net profit up by 10.1% and 32.9% y-o-y to S$969.5m and S$34.3m, respectively.
- The improvement in revenue was broad based, across all its business segments along with easing restrictions mainly in Singapore, Australia and the UK, except for China. Most of its business segments saw higher revenue, save for Bus Station.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Our Views on ComfortDelGro's 3Q22 Business Update
Results not as strong as expected; public transportation segment facing margin compression/regulatory headwinds.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Andy SIM CFA DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-11-15
Read also DBS's most recent report:
2023-02-27 ComfortDelGro - Zig To Your Office.
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 Dividends & Corporate Actions,
ComfortDelGro News Articles
