Singapore Stock Market News

ComfortDelGro - Rising dividends

StockFanatic
Publish date: Thu, 12 Feb 2015, 12:18 PM
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■ FY14 in line. Higher DPS payout a pleasant surprised.

■ Capital position could improve with any sale of bus assets in FY16E. Payouts could climb further.

Raise TP to SGD2.90 from SGD2.50, now based on 21x FY15E EPS (from 18x) on prospects of higher earnings. Maintain HOLD as this may have been priced in. Prefer CDG to SMRT.
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