Rental rebates will hit ComfortDelGro's FY2020 earnings

Submitted By:  Staff Reporter Case Study:  No The taxi rebates will cost CDG about $9m. ComfortDelGro’s earnings are expected to decline on the back of the rental rebates it will be providing to its COVID-19 hit taxi segment, analysts report. DBS Group Research has trimmed down their FY2020F earnings forecast by 6.2%, pencilling in lower rental assumptions for CDG’s taxi operations. Meanwhile, CGS-CIMB expects taxi normalised earnings before interest and taxes (EBIT) to decline by 12% for FY2020F. read more