- ComfortDelGro (SGX:C52)'s 4Q22 PATMI of S$23.5m (-31.5% q-o-q) came in below our and street expectation with FY22 core net profit of S$136.8m forming ~91% and 84% of MIBG and consensus estimates respectively.
- - Read this at SGinvestors.io -
- ComfortDelGro has declared a final dividend of S$0.0176 and special dividend of S$0.0246 (its 20th anniversary of SGX listing), which translates into FY22 yield of 7%. See ComfortDelGro's dividend dates.
Public transport services (PTS) to see respite despite short-term challenges
- - Read this at SGinvestors.io -
- Notwithstanding the timing and correlation differences, we expect to see some respite from margin pressure on relevant wages and energy price indexation in 2023, and the implementation of the 2.9% rail fare hike in Singapore (w.e.f 26 Dec 2022).
SG & China taxi operations provide silver lining
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.ketrade.com.sg/.
Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2023-02-26
Read also Maybank's most recent report:
2023-08-15 ComfortDelGro - On The Fast Track; Recovery Underway. Keep BUY..
Previous report by Maybank:
2023-06-25 ComfortDelGro - Come Pick Me Up.
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
