ComfortDelGro upgraded to Buy by RHB as new acquisitions boost earnings
RHB upgraded ComfortDelGro to Buy after its taxi business showed surprise resilience and as the public transportation business’ contribution grew.
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UPDATE: Singapore stocks to watch Thursday: Singtel, ComfortDelGro, SATS, JUMBO, Accordia Golf
These are Singapore companies which may be in focus on Thursday, 13 February 2019: Singtel, ComfortDelGro, SATS, JUMBO and Accordia Golf Trust.
ComfortDelGro reports 2018 net profit rose slightly, beating some analysts’ forecasts
ComfortDelGro reported Wednesday its 2018 net profit rose 0.6% to S$303.3M on contributions from new acquisitions. That beat some analysts’ forecasts.
CGS-CIMB: Go-JEK threat to ComfortDelGro taxi business appears over-hyped
Despite the entry of Indonesian ride-hailing player Go-JEK into Singapore’s market, ComfortDelGro’s taxi business has been resilient and the company looks set to expand its fleet, CGS-CIMB said in a note on Thursday.
Singapore stocks to watch Tuesday: CapitaLand, ST Engineering, Citic Envirotech, SBS Transit
These are Singapore stocks which may be in focus on Tuesday, 15 January 2019: CapitaLand and related REITs CapitaLand and related trusts and REITs requested…
SBS Transit taps Yang Ban Seng as executive deputy chairman and CEO
SBS Transit has appointed Yang Ban Seng as executive deputy chairman and CEO, with effect from 15 January, it said in a filing to SGX…
Daiwa: ComfortDelGro could see more taxi attrition with GoJek’s Singapore entry
ComfortDelGro’s taxi business could see more fleet attrition over the next two years as ride-hailing player GoJek’s entry into Singapore’s market could spur price competition,…
Singapore stocks to watch Monday: SGX, ComfortDelGro, Sunpower, Keppel, Oxley
These are Singapore stocks which may be in focus on Monday 12 November 2018: SGX Singapore Exchange and the Monetary Authority of Singapore said on…
ComfortDelGro to set up US$100 million venture capital fund
ComfortDelGro said on Friday that it is setting up a US$100 million corporate venture capital fund, called ComfortDelGro Capital Partners (CCP), to focus on technology…
ComfortDelGro reports 3Q18 net profit fell 2 percent on lower Cabcharge Australia dividend
Transportation player ComfortDelGro reported on Friday that its third-quarter net profit fell 2.0 percent on-year to S$78.5 million, which it attributed to a lower dividend…
ComfortDelGro downgraded to Sell by Deutsche Bank amid signs of a price war
Deutsche Bank downgraded ComfortDelGro to Sell from Buy amid signs that competition from ride-hailing companies may be getting ugly. “With the impending entry of Grab’s…
UPDATE: Singapore stocks to watch Monday: DBS, Manulife US REIT, OCBC, Venture, Chip Eng Seng
These are the Singapore stocks which may be in focus on Monday 5 November 2018: DBS Singapore’s largest bank DBS said on Monday that its…
UPDATE: ComfortDelGro to acquire Australia’s Buslink Companies and 11 depots for around A$191 million
ComfortDelGro said on Monday that it would acquire Australia’s Buslink and Buslink Southern, which operate a fleet of 401 buses across four Australian states, and…
UPDATE: Will ComfortDelGro be hit by Go-Jek’s Singapore entry? Analysts differ
Ride hailing company Go-Jek may be preparing for its launch in Singapore, but analysts differed on whether incumbent taxi operator ComfortDelGro would face much of…
ComfortDelGro: Tying up with MaaS Global for subscription-based transport services
ComfortDelGro said on Monday that it was tying up with Finland-based MaaS Global for a subscription-based transport service across taxi, bus, train, car rental and…
UPDATE: Singapore stocks to watch Tuesday: ComfortDelGro, Wheelock, Vividthree, Yoma, Noble
These are the Singapore stocks which may be in focus on Tuesday 25 September 2018: Singapore Transportation and ComfortDelGro In a move that will likely…
Update: Singapore competition regulators impose penalties on Grab, Uber
Singapore’s competition regulator on Monday issued an infringement decision against ride-hailing firms Grab and Uber, saying the sale of Uber’s Southeast Asian business to Grab…
ComfortDelGro upgraded to Add by CGS-CIMB on earnings recovery outlook
CGS-CIMB upgraded ComfortDelGro to Add from Hold on expectations of higher earnings amid profit contributions from new acquisitions, a higher growth trajectory in the taxi…
Singapore stocks to watch Monday: ComfortDelGro, DBS, Wilmar, Hong Leong Finance, Ho Bee Land
These are the Singapore stocks likely in focus on Monday, 13 August 2018: ComfortDelGro Transportation operator ComfortDelGro reported on Friday that its second quarter net…
ComfortDelGro reported 2Q18 net profit fell 5.5 percent amid higher costs
Transportation operator ComfortDelGro reported on Friday that its second quarter net profit fell 5.5 percent on-year to S$75.0 million amid higher operating costs, in part…
Singapore stocks to watch Wednesday: Singtel, StarHub, ComfortDelGro, CapitaLand
These are the Singapore stocks likely in focus on Wednesday, 8 August 2018: Singtel Singapore Telecommunications reported on Wednesday that its fiscal first quarter net…
ComfortDelGro acquires Sydney bus operator, two depot sites and other assets for total A$134.45 million
ComfortDelGro said on Tuesday it acquired Sydney privately owned bus operator FCL Holdings for A$110 million, or around S$111.11 million, and two freehold depot sites…
Singapore stocks to watch Thursday: SGX, Frasers Commercial Trust, ComfortDelGro
Singapore Exchange Singapore Exchange and India’s National Stock Exchange have resumed discussions on a potential collaboration in Gujarat International Finance Tec-City International Financial Services Centre,…
Singapore stocks to watch Monday: SembMarine, Keppel, ST Engineering, ComfortDelGro
These are the Singapore stocks likely in focus on Monday 23 July 2018: Sembcorp Marine Sembcorp Marine said on Friday that it swung to a…
Grab to appeal Singapore regulator’s ruling its Uber deal infringed competition rules
Ride-hailing service Grab said on Thursday that it disagreed with the ruling from Singapore’s regulators that its deal to buy rival Uber infringed competition rules…
