ComfortDelgro Corporation rated 'buy' by DMG

Stock Name: ComfortDelGro
Company Name: COMFORTDELGRO CORPORATION LTD
Research House: DMG

DMG & Partners Securities in a Feb 15 research report says: "ComfortDelGro's (CD) 4Q10 profit after tax and minority interest (PATMI) came in at $54.6 million (-11.1% q-o-q; +0.9% y-o-y) as higher revenue of $827.3 million (+0.5% q-o-q; +4.2% y-o-y) is offset by (1) higher payment to drivers for contract services, (2) higher electricity and fuel costs, and (3) higher effective tax due to absence of tax relief.

Read more...