- ComfortDelGro's 4Q24 core PATMI of S$57.1m (+15.8% y-o-y; +2.3% q-o-q) meets ours and street expectations, taking full-year earnings to S$210.5m (+16.6% y-o-y).
- To our pleasant surprise, ComfortDelGro declared a final dividend of 4.25 cents, bringing total ComfortDelGro's dividends for FY24 to 7.77 cents, representing a high payout ratio of 80% and decent yield of 5.5%.
Public transport margins improve q-o-q
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Notwithstanding the loss of Jurong West package, the Seletar bus package was successfully retained at current market margins for at least a further 5 years with new contract terms commencing Mar’25.
Expect taxi & private hire competition to continue
- Read more at SGinvestors.io.
