ComfortDelGro 3Q24 Results Preview - UOB Kay Hian 2024-10-29: Expect Stable Growth Despite Minor Headwinds

• 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.

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Highest ride-hailing trips recorded.

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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/.

Read also UOB's most recent report:
2025-03-03 ComfortDelGro - 2024 Results In Line; Earnings Growth To Continue In 2025.

Previous report by UOB:
2025-01-27 ComfortDelGro Earnings Preview - Expect A Strong End To 2024.

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