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.