ComfortDelGro reports 3Q19 net profit fell 11 percent on lower taxi revenue
ComfortDelGro reported Wednesday its 3Q19 net profit fell 10.8 percent on-year to S$70 million on lower taxi revenue and unfavorable currency translations.
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Singapore stocks to watch Wednesday: ComfortDelGro, SBS Transit, F&N, Hi-P, Sembcorp
These are Singapore companies which may be in focus on Wednesday, 9 October 2019: Comfort DelGro, SBS Transit, Hi-P, Fraser & Neave and Sembcorp.
ComfortDelGro enters deal to sell one West London property and buy another
ComfortDelGro said Tuesday it entered a deal to sell the Alperton Bus Garage in West London and acquire another property in West London.
UPDATE: Singapore stocks to watch Wednesday: ST Engineering, Mapletree Logistics, CDG, StarHub, TEE
These are Singapore companies and other news which may be in focus on Wednesday, 18 September 2019: ST Engineering, MLT, ComfortDelGro and StarHub.
UPDATE: Singapore stocks to watch Thursday: ThaiBev, YZJ, Sembcorp, OUE, Accordia Golf, No Signboard
These are Singapore companies which may be in focus on Thursday, 15 August 2019: Thai Beverage, Yangzijiang, Sembcorp, OUE and Accordia Golf.
ComfortDelGro posts 2Q19 net profit edged up on contributions from acquisitions
ComfortDelGro reported Tuesday its 2Q19 net profit edged up 1.2 percent on-year to S$75.9 million on new acquisitions and growth in public transport.
ComfortDelGro makes three strategic investments in transport tech start-ups
ComfortDelGro said Tuesday it made investments in three transportation-related tech start-ups via its US$100 million corporate venture capital fund.
ComfortDelGro reports 1Q19 net profit rose 6 percent on new acquisitions
ComfortDelGro reported Tuesday its first quarter net profit increased 6.2 percent on-year to S$70.4 million on contributions from new acquisitions.
UPDATE: Singapore stocks to watch Monday: DBS, Keppel, Mapletree Logistics, Sheng Siong, Hyflux
These are Singapore companies which may be in focus on Monday, 29 April 2019: DBS, Mapletree Logistics Trust, HPHT, Sheng Siong and Hyflux.
ComfortDelGro to acquire Australia bus operator B&E Blanch
ComfortDelGro said Tuesday it plans to acquire New South Wales bus operator B&E Blanch for A$28.3 million, or around S$27.32 million.
ComfortDelGro taps Nicholas Yap as CEO of Australia Operations
ComfortDelGro tapped Nicholas Yap to take on the role of country head and CEO for its Australian operations, the transportation company said Monday.
CGS-CIMB: ComfortDelGro still a long-term growth stock as ride-hailing fears ease
ComfortDelGro remains a “viable long-term growth stock,” as concerns over disruption from ride-hailing firms ease, CGS-CIMB said in a note on Thursday.
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.”
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…
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…
ComfortDelGro upgraded to Buy by DBS as competition threats recede
DBS upgraded ComfortDelGro to Buy from Hold, saying there’s a “window of opportunity” to enter the stock after its recent decline, amid signs the taxi…
Singapore regulators: Grab-Uber merger ‘substantially’ lowered competition
Singapore’s competition regulators ruled on Thursday that the merger of ride-hailing services Uber and Grab infringed the Competition Act and “substantially” lessened competition. The Competition…