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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

SingaporeĀ 

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...