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Author: StockFanatic   |   Latest post: Mon, 24 Sep 2018, 01:06 PM

 

ComfortDelGro Corporation Ltd - Inflecting back to growth!

Author:   |    Publish date:   |  >> Read article in Blog website


Raising target price to street-high of S$3.21 (from S$2.90) on earnings inflection. In this Ideas Engine, we undertake a deep-dive analysis of the taxis and private hire car (PHC) landscape, to argue that the worst of competition is now behind us. We believe ComfortDelGro (CD) now offers compelling risk-reward, where following an EPS decline of 5.2% YoY in 2017, CD could inflect to an EPS CAGR of 6.6% for 2018-20E driven by easing taxi competition, organic growth opportunities in Rail and earningsaccretive M&A.
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Chart Stock Name Last Change Volume 
ComfortDelGro 2.36 0.00 (0.00%) 2,780,000 

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