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Analysts cut earnings forecasts for ComfortDelGro

Covid-19 outbreak, continued weakness in taxi earnings seen denting margins; drop in proposed final dividend for FY2019 also a disappointment

Published Mon, Feb 17, 2020 · 09:50 PM

ComfortDelGro

Singapore

WITH headwinds expected for FY2020 due to the effect of the Covid-19 outbreak and taxi earnings likely to remain weak, research houses have trimmed their earnings outlook for ComfortDelGro.

RHB Research cut the transport operator's earnings forecast for the current financial year by 12 per cent to S$271 million.

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Companies & Markets

Companies & Markets

Analysts cut earnings forecasts for ComfortDelGro

KEYWORDS IN THIS ARTICLE

Companies & Markets

TikTok tells advertisers: ‘We are not backing down’

EV automakers get reprieve in US tax credit rules

Nomura, Mizuho face losses on All Blue fund’s failed trades

Stablecoin Tether steps up monitoring in bid to combat illicit finance

HSBC asked by US$890 billion investor group to set energy goal

BHP’s biggest rivals sit on the sidelines of Anglo M&A drama

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