ComfortDelGro (CDG)

Broker's Calls

'Buy' ComfortDelGro on dips as it rides through bumpy roads

SINGAPORE (June 29): Although taxi operator ComfortDelGro last Friday issued a profit guidance announcing that it is expected to report a net loss of 1H20, Maybank Kim Eng remains bullish on the st

Broker's Calls

ComfortDelGro a 'buy' as it drives to France for new business opportunities

SINGAPORE (June 22): RHB Group Research is keeping its “buy” call on taxi and public transport operator ComfortDelGro with a target price of $1.65.

Joint ventures and alliances

ComfortDelGro, RATP Dev, and Alstom to jointly bid for metro projects in France

SINGAPORE (June 19): ComfortDelGro Corporation, RATP Dev and Alstom have entered into a collaboration agreement to jointly bid for Grand Paris Express (GPE) greenfield metro projects in the Greater

Company in the news

ComfortDelGro taxis to deliver essential medical supplies in addition to food and groceries

SINGAPORE (June 2): In addition to delivering food and groceries under its month-old delivery service ComfortDelivery, ComfortDelGro’s cabbies will now deliver essential medical supplies to patient

Company in the news

Singaporean blue-chip stocks lose combined market cap of $863 mil after MSCI Singapore deletions

(June 1): Four Singaporean blue-chip stocks lost a combined market capitalization of S$863 million on Friday amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s

Investing ideas

Analysts slash earnings estimates, price targets for ComfortDelGro amid bleak near term outlook

SINGAPORE (May 26): Although most companies are increasingly optimistic as the world emerges from a lockdown, market watchers say ComfortDelGro’s (CDG) recovery could be “gradual” at best. 

Results

ComfortDelGro's 1Q earnings dive 49% to $36 mil, lockdowns to 'significantly hurt' 1H business

SINGAPORE (May 22): ComfortDelGro posted earnings of $36.0 million for 1QFY2020 ended March, some 48.9% lower than earnings of $70.4 million a year ago. 

Singapore economy

Maybank Kim Eng focuses on economy's 'building blocks' amid Covid-19 uncertainty

SINGAPORE (May 22): Economists were quick to compare the current economic woes to the 1997 Asian Financial Crisis (AFC) and the 2008-2009 Global Financial Crisis (GFC) But Thilan Wickramasinghe, he

Broker's Calls

Near-term speed bumps for ComfortDelGro but smooth cruise for the longer term

SINGAPORE (Apr 27): OCBC Investment Research is keeping its “buy” call on ComfortDelGro (CDG) with a fair value estimate of $1.75.

CoVid-19

ComfortDelGro taxis double up as RedMart's grocery delivery vehicles amid virus woes

SINGAPORE (Apr 14): ComfortDelGro’s 10,000-strong fleet of iconic blue and yellow taxis have been given a new lease of life following a plunge in ridership amid the Covid-19 outbreak. 

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