- We think that the recent dip in ComfortDelGro's share price presents an attractive entry point and ComfortDelGro is one of our conviction picks for 1H25.
- - Read this at SGinvestors.io -
Steady 2024 results.
- In line with expectations, ComfortDelGro (SGX:C52) reported higher 2024 revenue (+15.4% y-o-y), core operating profit (+13.4% y-o-y) and core PATMI (+18.0% y-o-y), all forming 100% of our full-year forecasts. The strong growth in revenue was driven by all business segments while the bottom line was driven by new contributions from recent acquisitions and ongoing UK bus contract renewals.
- - Read this at SGinvestors.io -
Higher final dividends.
- The group proposed a 2H24 final dividend of 4.25 cents per share (2H23: 3.76 cents per share), taking total 2024 ComfortDelGro's dividends to 7.77 cents per share (2023: 6.66 cents per share). This implies a dividend payout ratio of 80% and annualised yield of around 5.5%.
Public transport: Continued margin expansion from the UK business…
- 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/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-03-03
Previous report by UOB:
2025-01-27 ComfortDelGro Earnings Preview - Expect A Strong End To 2024.
Price targets by 3 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
