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Friday, February 14, 2020

Comfort Delgro

Xiao liao, dividend slash to 5.29 cents. A drop of 17% from 6.45 cents.
DuriAN DROPPING come Monday!

A final tax-exempt one-tier dividend of 5.29 cents per share has been proposed. Together with
the interim tax-exempt one-tier dividend of 4.5 cents paid earlier, the total dividend for 2019 will
be 9.79 cents per share or a payout ratio of 80% if the final dividend is approved by shareholders
at the Annual General Meeting on 24 April 2020.

The COVID-19 outbreak broke out in Wuhan, China in December 2019 and quickly spread
internationally despite efforts to contain it. How the outbreak will turn out is currently unclear and

a prolonged outbreak is anticipated. COVID-19 and measures to fight it will result in the
economic slowdown of affected countries. Our taxi, public transport and transport related
businesses are witnessing lower ridership and volumes as we face significant operational
Notwithstanding the current uncertainties, the Group maintains its long-term focus on the
mobility strategy and continues to transform and build capabilities.

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