In today’s briefing:
- ComfortDelgro: Chasing Growth, Missing Returns?
ComfortDelgro: Chasing Growth, Missing Returns?
- A decade of stagnant revenue and declining profits, despite significant capital investments in overseas expansion.
- CDG was destroying shareholder value. Return on Equity (“ROE”) had fallen to 6.9% in 2023, almost half the 13.3% recorded in 2015. More critically, ROE remained below its 9% cost of equity.
- Lack of strategic clarity on how its growth strategy aligns with long-term shareholder value creation.
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