ComfortDelGro Corporation

9 undervalued stocks to watch in the MSCI Singapore Index: KGI
SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%. According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese ...
ComfortDelGro to launch multi-modal transport app Whim in 1Q19
SINGAPORE (Oct 8): ComfortDelGro Corporation is partnering MaaS Global from Finland in a new service which aims to bring together all means of transport – taxi, bus, train, car rental and even bicycles. Called Whim, the soon-to-be-launched app, gives commuters instant access to a variety of transport services based on subscription – essentially acting as the “Netflix of ...
ComfortDelGro expands Australia operations with $136.2 mil worth of acquisitions
SINGAPORE (Aug 8): Land transport operator ComfortDelGro (CDG) is acquiring privately-run family bus and coach operator FCL Holdings, two freehold depot sites and a coastal operator for a total of A$134.45 million ($136.2 million) as part of its expansion plans in Australia. In a Wednesday filing, CDG says its A$110 million acquisition of Sydney’s FCL Holdings, which runs Forest Coach Lines ...
ComfortDelGro acquires local bus operator's chartering assets for $6.5 mil
SINGAPORE (July 25): ComfortDelGro (CDG) is acquiring Ric-Tat Travel & Coach Services’ private bus chartering assets for $6.45 million through the group’s wholly-owned subsidiary, ComfortDelGro Bus. The latest deal includes Ric-Tat’s existing charter contracts, 72 buses and associated drivers. It will bring ComfortDelGro Bus’s staff strength to 374 and its fleet numbers to 370 ...
Analysts see smoother traffic ahead for ComfortDelGro
SINGAPORE (May 15): Analysts believe the worst might be over for ComfortDelGro Corporation, on the back of its recent acquisitions and improving outlook for its taxi segment. CDG saw its earnings fall 19.6% to $66.3 million for the 1Q ended March, even as revenue fell across all its divisions except the bus and rail segments. The lower 1Q18 earnings was mainly attributable to the ...
Potential for ComfortDelGro's petrol business to offset declining diesel sales
SINGAPORE (Feb2): OCBC Investment Research is maintaining its “hold” call on ComfortDelGro Corporation (CDG) while raising its fair value to $2.02 from $2.05 previously on higher FY18-21 earnings by 1-3% to factor in petrol sales assumptions to offset declining diesel sales. In a Friday flash note, analyst Eugene Chua says he deems the stock fairly valued based on its last closing price of ...
ComfortDelGro 2Q earnings fall 6.8% to $79.4 mil
SINGAPORE (Aug 11): Transport operator ComfortDelGro Corporation posts a 6.8% decline in earnings to $79.4 million in the 2Q ended June, from $85.2 million a year ago. Group revenue slipped 3.4% to $987.2 million in 2Q17, from $1.02 billion a year ago. ComfortDelGro’s underlying business contributed some $16.9 million to the decline, due to lower revenue from its taxi; automotive ...
Secura signs cyber-security strategic alliance with ComfortDelGro Insurance Brokers
SINGAPORE (May 24): Secura Group, the provider of security products, services and solutions in Singapore, announced that its wholly-owned subsidiary, Red Sentry, has entered into a two-year strategic alliance with ComfortDelGro Insurance Brokers (CDGI), an associate company of ComfortDelGro Corporation. The principal activities of CDGI involve recommending and implementing risk protection and ...
Singapore has rail network of the future in its sight
SINGAPORE (Jan 25): By 2030, the Singapore Government aims to have 75% of commuters use public transport as their main mode of travel. That is an increase from the current levels of about 59%. To get there, the government has already outlined its plans to increase the rail network from 183 km now to 280 km by 2020, and then again to 360 km by 2030. With the opening of the third phase of the ...
A case for defensive transport stocks
SINGAPORE (Dec 20): DBS is recommending the transport-related sector for its defensive and resilient nature plus strong balance sheet to weather the continuing uncertainty. DBS analysts Paul Yong and Suvro Sarkar noted that organic growth will be limited for the transport companies. For one, lower fuel costs are expected to translate into lower fares for ComfortDelgro and lower ticket prices ...