- We opine that there is now limited upside at current price levels, despite ComfortDelGro’s lush 5.1% dividend yield and robust balance sheet. With no significant near-term catalysts, we recommend investors to take profit on any potential run-up in ComfortDelGro's share price close to our target price.
Strong results.
- - Read this at SGinvestors.io -
- Both core operating and PATMI margin expanded by 0.3ppt y-o-y in 1H24.
Robust quarter.
- - Read this at SGinvestors.io -
- Both core operating profit margin (+0.6ppt y-o-y, +1.9ppt q-o-q) and PATMI margin expanded (+0.1ppt y-o-y, +0.9ppt q-o-q) in 2Q24.
Higher dividend.
- 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/ 2024-08-16
Previous report by UOB:
2024-05-15 ComfortDelGro - 1Q24 Earnings Below Expectations; Downgrade To HOLD.
Price targets by 5 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
