Maybank KE starts ComfortDelGro at Hold amid taxi competition concerns
Maybank KimEng started coverage of ComfortDelGro at Hold with a S$2.45 target price, saying it likes the business, but the share valuations are “fair.”
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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.
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…