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ComfortDelGro - Changing our view
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Publish date: Wed, 14 Aug 2013, 11:38 PM
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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
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