ComfortDelgro

Singapore offers buffet of attractive yield plays amid the easing policy environment, says UOB
SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.    In a particular, the research house is expecting dovish dispositions at both the Federal Reserve (Fed) and the European Central Bank (ECB) to ...
Winners and losers from Singapore's budget as election looms
SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. ...
The worst looks over for taxis
SINGAPORE (Sept 27): Phillip Capital is keeping an “overweight” recommendation on the land transport sector due to positive industry restructuring following the exit of Uber and the worst being over for the taxi industry. The research house has also maintained its “accumulate” rating on ComfortDelGro with an unchanged target price of $2.78. This month marks the second ...
ComfortDelGro said to be in talks with Indonesia's Go-Jek to explore partnership
SINGAPORE (Apr 25): ComfortDelGro is said to be in talks with Indonesia’s ride-hailing app provider Go-Jek to explore a partnership even as its tie-up with Uber comes under threat. According to website Techcrunch, Go-Jek is looking to expand its services into Thailand, Vietnam and the Philippines, as well as Singapore. Techcrunch cited an unnamed source saying that Go-Jek has held ...
ComfortDelGro acquires Aussie private non-emergency patient transport services provider for $30 mil
SINGAPORE (Apr 9): ComfortDelGro Corporation is expanding into the non-emergency patient transportation business through an A$30 million ($30.2 million) acquisition Down Under. ComfortDelGro says the purchase of all the shares in National Patient Transport (NPT), which is one of the largest private providers of non-emergency patient transport services in Australia, will enable the group to ...
Regulatory changes expected to drive earnings for Singapore's land transport sector
SINGAPORE (Mar 22): Phillip Capital is maintaining an “overweight” for Singapore’s land transport sector on regulatory reviews and changes with ComfortDelGro (CDG) its top “buy” pick with a $2.50 target. In addition, regulatory changes on fare formula and licensing of private-hire car companies could be catalysts for a re-rating for the stock. In a Thursday report, analyst Richard ...
Hints of stabilisation in taxi earnings environment a good sign for ComfortDelGro
SINGAPORE (Mar 21): OCBC says encouraging indicators pointing to a more stabilised earnings environment for Singapore taxi operators were seen in the recent few months leading up to Jan 18. Coupled with the prospect of higher taxi and train fares, this bodes well for ComfortDelGro whose stock is down 20% in the past year. OCBC is maintaining its "buy" on ComfortDelGro with $2.25 fair ...
ComfortDelGro-Uber joint venture enters Phase 2 of regulatory review
SINGAPORE (Feb 19): ComfortDelGro (CDG) says its partnership with Uber Technologies is entering the second stage of the Competition Commission of Singapore’s (CCS) deliberation with regards to the two companies’ proposed joint venture (JV). See: ComfortDelGro and Uber finally join forces To recap, CDG in Dec 2017 agreed to acquire a 51% stake in Uber’s wholly-owned subsidiary, Lion ...
ComfortDelGro and Uber launch UberFLASH services in Singapore
SINGAPORE (Jan 18): Local taxi operator ComfortDelGro and ride hailing app Uber have launched UberFLASH, a new service to reduce waiting times by matching passengers to the nearest uberX vehicle or Comfort taxi. Available from Jan 19, the service promises fares that are 5% to 10% lower than the current uberX fares. The minimum fare starts from $3.00, 20 cents lower than Comfort’s flag down ...
Negatives mostly priced into ComfortDelGro stock, says UOB
SINGAPORE (Jan 18): Singapore's taxi sector is slowly but surely moving towards a more stable market even though conditions stay tough, says UOB Kay Hian. The research house believes the sector is gradually moving towards a more stable market. ComfortDelGro's proposed alliance with Uber Technologies is also expected to be accretive. "Maintain "buy" and PE based-target price of $2.25," says ...