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ComfortDelGro recovering from bumpy 2020, ‘slowly but surely’: analysts

Jovi Ho
Jovi Ho11/13/2020 03:53 PM GMT+08  • 4 min read
ComfortDelGro recovering from bumpy 2020, ‘slowly but surely’: analysts
Taxi operator ComfortDelGro may have had a bumpy 2020, but the company is getting out, “slowly but surely”, say analysts.
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Taxi operator ComfortDelGro may have had a bumpy 2020, but the company is getting out, “slowly but surely”, say analysts. Six brokerages recommend ‘buy’', ‘add’ or 'outperform' on ComfortDelGro following its 3Q20 results this week.

For the quarter, ComfortDelGro reported profit after tax and minority interest of $21.7 million, down 69% y-o-y, as the Covid-19 pandemic continues to hurt travel volume across the various markets it operates. Revenue in the same period was down 16.3% y-o-y to $816.5 million.

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