- 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ 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:
2026-05-14 ComfortDelGro - 1Q26 Earnings Disappoint; Downgrade To HOLD.
Previous report by UOB:
2026-03-02 ComfortDelGro - 2025 Earnings Beat On UK and ERP 2.0 Uplift.
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 Dividend Payout Dates & Corporate Actions,
ComfortDelGro News
