ComfortDelGro's plans to unlock value of Australian assets likely to be catalyst for stock, say analysts
They also cite company's higher-than-expected quarterly net profit number, operating leverage, among positives for the stock
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Singapore
TRANSPORT operator ComfortDelGro's plans to unlock the value of its assets in Australia are likely to be a catalyst for the stock, analysts said.
In a report, UOB Kay Hian (UOBKH) estimated the stock could be worth up to 32.3 per cent more than its current value if the Australian assets are valued at 10 times the ratio of enterprise value to earnings before interest, taxes, depreciation and amortisation (EV/Ebitda).
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