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Cash and cash equivalents as at end-December stood at $742.8 million. “Life, as we knew it, changed in 2020… We undertook an in-depth analysis of our businesses and operations, looking beyond the immediate challenges to lay the foundations for a stronger future. We resolved to invest more on technology and digitalisation, on newer and cleaner technologies, as we explored new avenues for future growth,” says CDG group chairman Lim Jit Poh. “We did not declare a mid-year dividend – the first time in our history that we failed to do so. It was necessary to conserve cash in an environment which called for prudence. As we end the year, we felt it was important for us to extend a gesture of thanks to our shareholders and this is why we have proposed a small dividend based on our declared dividend policy guidelines even though full recovery remains uncertain,” adds Lim. “It has not been an easy 12 months, and we are certainly not out of the woods. But we have seen a steady uptick in business activity especially in the last quarter, and we remain hopeful that gradual global recovery will continue,” says CDG’s managing director and group CEO Yang Ban Seng.