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ComfortDelGro's tie-up with Uber far from being a game changer

PC Lee
PC Lee1/4/2018 03:09 PM GMT+08  • 2 min read
ComfortDelGro's tie-up with Uber far from being a game changer
SINGAPORE (Jan 4): Although ComfortDelGro's tie-up with Uber is unlikely to be a game changer, OCBC says this will allow Uber app users to directly book ComfortDelGro taxis.
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SINGAPORE (Jan 4): Although ComfortDelGro's tie-up with Uber is unlikely to be a game changer, OCBC says this will allow Uber app users to directly book ComfortDelGro taxis.

This should in turn help ease pressures on ComfortDelGro's fleet idle rate as this collaboration should lead to more ride requests.

"Keeping our forecasts unchanged for now, we maintain 'hold' on ComfortDelGro with $2.05 fair value," says lead analyst Eugene Chua in a Thursday note.

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