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
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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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