- ComfortDelGro (SGX:C52)'s 4Q23 PATMI of S$52.1m (+4.4% q-o-q; +104.3% y-o-y) was mostly within our and market expectations. FY23 core earnings rose 26.6% y-o-y to S$180.5m, 101%/102% of MIBG/consensus full-year estimates.
- - Read this at SGinvestors.io -
- Notably, ComfortDelGro declared a final dividend of 3.76 cents, taking full year payout to 6.66 cents (or core dividend payout ratio of 80%, up from 70% in FY22). See ComfortDelGro's dividend dates.
Steady public transport performance
- - Read this at SGinvestors.io -
- We understand results of tenders for Transport for Greater Manchester bus packages in the UK are expected in 1Q24.
- The Jurong Regional Line and Cross Island Line Singapore rail tender results are expected by end-2024, while the Seletar bus package bid results are due by mid-2024.
Taxi and private hire is key growth driver
- 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://maybanktrade.com.sg/.
Eric Ong Maybank Research | https://www.maybank-ke.com.sg/ 2024-03-01
Read also Maybank's most recent report:
2024-03-30 ComfortDelGro - Growing Overseas Footprint.
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
