But analyst Shekhar Jaiswal is not worried. Instead, he says that investors should look past the near-term earnings weakness, and use its current low share price as an opportunity to accumulate the stock.
RHB has maintained its “buy” rating on ComfortDelGro (CDG) with a target price of $1.65.
The stock is currently trading at $1.40, about 5.3% higher than its 52-week low of $1.30 earlier on Aug 3. It also remains well-supported by a historic low price-to-book value of 1.2 times for FY19.
