Comfort Delgro

[dzwm87]

^I see. I thought you were just referring to recent quarter results which if based on what management said (higher fuel/utility cost), core earnings should theoretically be down a lot since it's neg op leverage so there is definitely some cost pass through mechanism. The recovery story is also not fully done yet since SG alone probably fully reopen closer to end-1Q. Looking at historical may not be reliable too as taxi fleet has been permanently reduced.