ComfortDelGro (CD SP) - RHB Invest 2015-12-02: 2016 Should Be a Year Of Strong Growth
COMFORTDELGRO CORPORATION LTD C52.SI ComfortDelGro (CD SP) - 2016 Should Be a Year Of Strong Growth
- With benefits of positive core bus operations’ margins, capital freed up by the bus GCM implementation, rail business’ strong growth from the start of DTL2 and reduced competition from private car hire apps, we expect ComfortDelGro to register a 33% EPS growth in 2016.
- Our DCF- based TP of SGD3.60 implies 0.6x 2016F PEG and, with limited potential for M&As, the company could potentially pay out higher dividends.
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