ComfortDelGro’s revenue for 3Q2021 was $880.3 million (compared to $820 million in 3Q2020), experiencing a 7.4% y-o-y increase.
Phillip Securities Research analyst Paul Chew maintains a ‘buy’ rating on ComfortDelGro, with a modestly lowered target price from $1.83 to $1.80.
According to the analyst, 3QFY2021 earnings were below expectations. This comes when the 9MFY2021 revenue and PATMI was 70%/60% of the FY2021e forecast respectively.
