Deutsche Bank is maintaining its “buy” call on ComfortDelGro with a target price of $3.51 as potential acquisitions by public transportation company this year may boost the company's operating margin and dividend payout in 2017.
Deutsche says ComfortDelGro management is committed to further acquisitions and has rejected the possibility of a special dividend payout despite a $900 million cash inflow forecast from the proposed sale of bus assets in 2016.
“We believe assets in Australia are likely” targets, Deutsche Bank adds.
ComfortDelGro closed at $3.01 on Wednesday.
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Deutsche says ComfortDelGro management is committed to further acquisitions and has rejected the possibility of a special dividend payout despite a $900 million cash inflow forecast from the proposed sale of bus assets in 2016.
“We believe assets in Australia are likely” targets, Deutsche Bank adds.
ComfortDelGro closed at $3.01 on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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