(February 20 10:50) Sbr.com.sg
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.
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