In today’s briefing:
- Comfortdelgro (CD): 1H 22 Result – Looks Good
- Morning Views Asia: Azure Power Global Ltd, Olam Group
Comfortdelgro (CD): 1H 22 Result – Looks Good
- Comfortdelgro Corp (CD SP) operating number has improved during COVID compared to before COVID such as fixed asset turnover from 0.4x to 0.8x.
- Public transport and taxi operating numbers adjusted for government relief went through the roof.
- It is trading at 6x EV/EBITDA vs Singapore Airlines (SIA SP) at 13x EV/EBITDA.
Morning Views Asia: Azure Power Global Ltd, Olam Group
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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