Singapore Stock Market News

ComfortDelGro - Changing our view

StockFanatic
Publish date: Wed, 14 Aug 2013, 11:38 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
The share price withstood a selldown from major shareholder SLF since the previous results announcement. The latest showing only confirms that ComfortDelGro (CD) has a sustainable story and dividend angle that allow us to sleep peacefully at night.

The 2Q13/1H result is in line with consensus and our expectations, meeting 27%/49% of our FY13 numbers. EPS forecasts stay unchanged though we have raised our target price (DCF, now 7.1% WACC from 7.3%) to S$2.18. The overseas business acts as catalyst, with the stock supported by a 3% dividend yield. Upgrade to Outperform from Neutral.
Read more »
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment