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Home / Capital / Brokers Calls

ComfortDelGro to see “very weak” results for 1H2020, but worst is over: DBS

Broker's Calls

ComfortDelGro to see “very weak” results for 1H2020, but worst is over: DBS

Jovi Ho Published on Thu, Jul 16, 2020 / 1:57 PM GMT+8

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SINGAPORE (Jul 16): Transport operator ComfortDelGro is expecting “very weak” results for 1H2020, owing to a sharp drop in ridership during the circuit breaker period.

ComfortDelGro is also offering massive rebates to its fleet of more than 13,000 taxis in Singapore.

On that, DBS Group Research is maintaining its “buy” call with an unchanged 12-month target price of $1.68.