Analysts are remaining positive on ComfortDelGro(CDG) after it saw a slow start to the year.

For the 1QFY2025 ended March 31, CDG reported revenue of $1.17 billion, 16.4% higher y-o-y, but 0.755% lower q-o-q. All of its acquisitions made in 2024, CMAC, A2B and Addison Lee contributed to the quarter. At the same time, patmi rose by 19% y-o-y but fell by 16.29% q-o-q to $48.3 million, which came in at around 13.48% of the Street’s full-year estimates of $358.29 million.

Core profits rose by 29% y-o-y to $51.6 million, coming at 22% of the consensus’ FY2025 estimates.