- Domestic rail ridership improved y-o-y for 3Q24, benefitting ComfortDelGro’s public transport segment. ComfortDelGro also announced that it has acquired a leading premium taxi provider in London. Driven by the recently-acquired A2B and taxi commission rate hike, the taxi segment is expected to grow y-o-y in 3Q24. However, with a lack of near-term catalysts, we maintain HOLD with the unchanged ComfortDelGro's target price.
Strong rail ridership.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Highest ride-hailing trips recorded.
- 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 Research | https://research.uobkayhian.com/ 2024-10-29
Read also UOB's most recent report:
2024-11-15 ComfortDelGro - Strong Growth In 3Q24 As The UK Outperforms.
Price targets by 4 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
