ComfortDelGro - UOB Kay Hian 2023-12-06: 1H24 Conviction Pick; Expect A Strong Finish To 2023

ComfortDelGro - 1H24 Conviction Pick; Expect A Strong Finish To 2023

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ComfortDelGro (SGX:C52) | SGinvestors.ioComfortDelGro (SGX:C52)
  • ComfortDelGro’s public transport segment is set to benefit from the upcoming 7% increase in public transport fares from Dec 23, coupled with ongoing UK bus contract renewals and cost indexation. While there is no change to ComfortDelGro’s taxi commission rate for Dec 23, we anticipate an upward revision in 2024 given the substantial gap from peers.
  • - Read this at SGinvestors.io -

No changes to taxi rental rebates and commission rates.

  • We understand that there have been no changes to ComfortDelGro (SGX:C52)’s 10% daily taxi rental rebate and the 5% online booking commission rate through its Zig app for Dec 23.
  • - Read this at SGinvestors.io -

Stable ridership and taxi demand.

  • Read more at SGinvestors.io.




Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.




Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-12-06



Read also UOB's most recent report:
2024-01-11 ComfortDelGro - Riding Strong Into 2024.

Price targets by 3 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





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