ComfortDelGro (CDG)

ComfortDelGro acquires UK property for $6.6 mil; new site to enable investment in development of new bus garage - THE EDGE SINGAPORE

Property

ComfortDelGro acquires UK property for $6.6 mil; new site to enable investment in development of new bus garage

As at 2.20pm, shares in CDG are trading 3 cents lower or 2% down at $1.47.
ComfortDelGro wins $30 mil NUS contract for electric bus shuttle service - THE EDGE SINGAPORE

Contracts

ComfortDelGro wins $30 mil NUS contract for electric bus shuttle service

The NUS electric buses will begin operations from 3Q2022.
ComfortDelGro revenue, PATMI slip in 3Q21 as commuters stay home - THE EDGE SINGAPORE

Results

ComfortDelGro revenue, PATMI slip in 3Q21 as commuters stay home

Covid-19 government relief tapered to $19.8 million from $23.8 million in the previous quarter.
ComfortDelGro scraps Australia IPO plans - THE EDGE SINGAPORE

Company in the news

ComfortDelGro scraps Australia IPO plans

ComfortDelGro Corporation is no longer pursuing an initial public offering (IPO) for its Australian subsidiary.
DBS lifts ComfortDelGro’s TP to $2.06 on the back of potential Australia IPO  - THE EDGE SINGAPORE

Broker's Calls

DBS lifts ComfortDelGro’s TP to $2.06 on the back of potential Australia IPO

The IPO prospectus extract reveals resilient topline performance amid the Covid-19 pandemic.
RHB raises ComfortDelGro's TP to $2.10 on economic reopening play - THE EDGE SINGAPORE

Broker's Calls

RHB raises ComfortDelGro's TP to $2.10 on economic reopening play

The brokerage expects the group to see improved operating metrics amid the reopening of Singapore’s economy.
ComfortDelGro’s EV charging points business should generate high margins, but will take a few years: RHB - THE EDGE SINGAPORE

Broker's Calls

ComfortDelGro’s EV charging points business should generate high margins, but will take a few years: RHB

RHB views the business will take time to turn profitable as Singapore’s EV adoption is still in its early stages.
ComfortDelGro-ENGIE consortium wins tender for EV charging points in Central, East and West regions - THE EDGE SINGAPORE

Contracts

ComfortDelGro-ENGIE consortium wins tender for EV charging points in Central, East and West regions

More than 600 EV charging points will be installed in over 200 Singapore public car parks within the next 12 months.
Analysts keep 'buy' on ComfortDelGro following Auckland rail services contract - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' on ComfortDelGro following Auckland rail services contract

RHB has upped its target price on the counter to $2.03 from $2 previously.
ComfortDelGro seeks IPO listing in Australia for Australian subsidiary - THE EDGE SINGAPORE

IPO

ComfortDelGro seeks IPO listing in Australia for Australian subsidiary

The IPO is planned for the last quarter of 2021.
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