In today’s briefing:
- Comfortdelgro (CD): Restriction Easing, Green And Low EV/EBITDA.
Comfortdelgro (CD): Restriction Easing, Green And Low EV/EBITDA.
- The latest announcement by the SG Multi-Task Force to further relax COVID-19 restrictions is a major positive catalyst.
- Its hybrid taxi accounted for more than 50% of its entire fleet as of end-December 2020. It remains on track to replace all diesel taxis with hybrid models by 2023.
- Investors will be paying a discounted valuation for the cash flow if they own Comfortdelgro Corp (CD SP) compared to its peers which trades at a much higher EV/EBITDA.
Before it’s here, it’s on Smartkarma
