ComfortDelGro recovery underway: analysts

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The group recorded a net profit of $61.8m for 2020. ComfortDelGro (CDG) has recorded a net profit of $46.1m in Q4 2020, bringing the full-year net profit to $61.8m, with lower revenue and impairments offset by government reliefs in the full year. The research team at OCBC Investment Research (OIR) is optimistic of long-term recovery for CDG despite the impact of COVID-19 on taxi and rail businesses. According to them, CDG “benefitted from the government’s Jobs Support Scheme.” read more