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ComfortDelGro is coping well with the competition

Samantha Chiew
Samantha Chiew11/16/2017 11:36 AM GMT+08  • 3 min read
ComfortDelGro is coping well with the competition
SINGAPORE (Nov 16): UOB Kay Hian is reiterating its “buy” call on ComfortDelGro with a target price of $2.25, as the group’s results were broadly in line and it’s “coping well” amid revenue pressure.
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SINGAPORE (Nov 16): UOB Kay Hian is reiterating its “buy” call on ComfortDelGro with a target price of $2.25, as the group’s results were broadly in line and it’s “coping well” amid revenue pressure.

The group posted 3Q17 earnings drop 8.2% to $80.1 million from $87.3 million last year, bringing 9M17 earnings to $242 million.

Revenue decreased 2.4% to $991.4 million in the face of strong competition.

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