Brokers' take
ComfortDelGro | Neutral July 22 close: S$2.80 Target price: S$2.80 RHB Research Institute, July 22
We remain confident of ComfortDelGro's (CD) earnings growth, aided by contributions from recent acquisitions, and its public transport unit's growth.
The public transport business is expected to be the key driver of earnings growth during the forecast period, although its growth has been dragged by loss making rail business in Singapore.
CD's North East MRT line (NEL) is operating under the new rail financing framework, which puts a cap on operating margin. And its Downtown MRT line (DTL) has been i…
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