For the FY2021 period, earnings surged some 114% y-o-y to $130.1 million, but the 2HFY2021 period experienced a 42% y-o-y decline to $39.1 million.
Analysts like ComfortDelGro (CDG) for its positive outlook, as they see a recovery underway and while the group is positioned to benefit from the electric vehicle (EV) boom.
CGS-CIMB Research has kept its “add” call on CDG with an unchanged target price of $1.80, following the group’s announcement of its latest FY2021 ended December results.
