Without the one-off gain, CDG’s earnings were down by 7.4% y-o-y due to higher operating costs. On a h-o-h basis, 1HFY2023 earnings increased by 35.8% while its 2QFY2023 earnings rose by 39.3% q-o-q to $46 million, reflecting a recovery from the pandemic years.
Analysts from CGS-CIMB Research, Citi Research, DBS Group Research, Maybank Securities, OCBC Investment Research (OIR) and RHB Bank Singapore have all kept their “add” and “buy” calls on ComfortDelGro (CDG) (SGX:C52
) after the transport operator reported earnings of $78.5 million for the 1HFY2023 ended June.
On a y-o-y basis, CDG’s earnings were down by 31.9% due to the recognition of the gain from the sale of the Alperton property in London in the 1HFY2022.
