Brokers' take
ComfortDelGro | Buy
Target price: S$3.40
Feb 15 close: S$2.87
OCBC Investment Research, Feb 15
ComfortDelGro (CDG) ended FY2015 steadily, as FY2015 revenue grew 1.5 per cent to S$4.11 billion, driven mainly by bus, rail, and taxi segments, but partially offset by automotive engineering services segment on lower prices for the sale of diesel to taxi hirers. We expect the launch of revenue service of Downtown Line 2 (DTL2) to drive revenue growth and…
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