Brokers' take
ComfortDelGro | Hold Target price: S$2.15 Nov 13 close: S$2.10 CIMB Research, Nov 13
Although Q3 2017's net profit of S$80.1 million was above our estimate of S$71.5 million, we deem it within expectations as the third quarter is a seasonally-strong quarter, and fourth quarter will be weaker.
Management has guided that the decision on the Uber tie-up will be completed by the end of this month. As per our expectations, management said the tie-up could go beyond the exclusive sharing of Uber's third-party app booking and could lead to a deeper foothold in the private-hire market.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won