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.
Grab
Singapore stocks to watch Thursday: Singtel, M1, Grab, Frasers Centrepoint Trust
These are Singapore companies which may be in focus on Thursday, 7 March 2019: Singtel, M1, Grab, and Frasers Centrepoint Trust.
Insider Stories: Grab gets US$1.46 billion in fresh funding from Softbank Vision Fund
Singapore-based ride-hailing firm Grab received US$1.46 billion in fresh from Softbank Vision Fund, Insider Stories reported on Wednesday.
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.”
Ascendas REIT accepts JTC leasehold offer for Grab project
Ascendas REIT said Friday it accepted the letter of offer from JTC for a one-north area land parcel for Grab’s Singapore headquarters.
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.
UPDATE: Singapore stocks to watch Thursday: Ascendas REIT, Grab, Frasers Hospitality, OUE Commercial
These are Singapore stocks which may be in focus on Thursday, 31 January 2019: Ascendas REIT, Grab, Frasers Hospitality and OUE Commercial.
UPDATE: Ascendas REIT to develop S$181 million build-to-suit project for Grab headquarters
Ascendas REIT agreed to design, develop and manage ride-sharing platform Grab’s new headquarters in Singapore in a S$181.2 million build-to-suit project, it said in a…
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 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…
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…
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…
Grab and Toyota are ‘forming alliance of strength in Southeast Asia,’ Nomura says
Toyota’s $1 billion investment in Southeast Asia’s largest ride-hailing company Grab is a move to form “an alliance of strength” by boosting their collaboration in…
ComfortDelGro upgraded by Nomura on forecasts taxi segment will bottom out
Nomura upgraded ComfortDelGro to Neutral from Reduce on expectations the taxi segment’s earnings will bottom out. “With Uber’s exit, we think the possibility of a sharp…
Nomura: Uber-Grab deal ‘significant positive’ for ComfortDelGro
Grab’s deal to acquire ride-hailing company Uber’s Southeast Asian assets is a “significant positive” for ComfortDelGro’s taxi business, Nomura said, adding it was putting its…
ComfortDelGro may benefit from initial Uber-Grab uncertainty: Deutsche Bank
The Uber-Grab deal may be a short-term positive for ComfortDelGro, but it’s premature to bet on the stock re-rating, Deutsche Bank said in a note…
ComfortDelGro has one certainty in Uber-Grab deal: Uncertainty
With ride-hailing service Uber’s deal to sell its Southeast Asian assets to local rival Grab, one thing seems certain for ComfortDelGro: uncertainty, especially over the…
DBS: Not all Uber-Grab scenarios will turn up roses for ComfortDelGro
Uber may have reached a deal to sell its Southeast Asian operations to Grab, but that leaves ComfortDelGro with a range of potential scenarios, DBS…
How the Grab-Uber deal could affect ComfortDelGro
Uber’s decision to sell its Southeast Asian operations to Grab could either erode ComfortDelGro’s advantages or offer some key positives, OCBC said in a note…
Potential Grab-Uber deal could be positive for ComfortDelGro: Maybank KimEng
A potential deal for ride-hailing company Grab to acquire some or all of Uber’s Southeast Asian assets could be a positive for ComfortDelGro in Singapore,…