- 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.
