Broker: CGS International
Date of Report: April 2, 2026
Excerpt from CGS International report.
Report Summary
- Stock: ComfortDelGro (CD SP)
- Action: Reiterate Add (Buy)
- Target Price: S\$1.70
- Current Price: S\$1.46
- Upside: 16.4%
- Dividend Yield (2026F): 6%
- Key Idea: ComfortDelGro is well-positioned to manage fuel risk with strong margin recovery, hedging, and effective cost pass-through mechanisms. The company is structurally better protected against fuel price spikes than during 2021-22, supported by fare increases and resilient demand in core segments.
- Implications: Investors can expect manageable earnings impact from higher fuel costs and a solid dividend yield. The defensive profile, strong cost recovery, and upside from UK earnings or contract wins support the Add (Buy) call.
- Ticker: CD SP
above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com/
