ComfortDelGro Corporation (CDG)

New appointments

ComfortDelGro appoints new chairman, creates new position of deputy chairman

Outgoing and founding chairman Lim Jit Poh retired on the same day, after the conclusion of CDG's AGM.

Transport

ComfortDelGro's Australian subsidiary wins bid to operate bus services in Darwin

The contract will begin on July 1, in which CDG Australia will operate under the new CDC Northern Territory branding.

Disruption and Digitalisation

DBS’ PayLah! users can now book and pay for their ComfortDelGro taxi rides directly via the app

DBS Group and ComfortDelGro Taxi announced its strategic partnership to enhance payment services for their customers in Singapore on Thursday.

Results

ComfortDelGro posts 12.6% drop in FY19 earnings to $265.1 mil as taxi business continues to slide

“I think things will get worse before they get better," says Yang Ban Seng, ComfortDelGro's managing director and group CEO.

Covid-19

ComfortDelGro suspends Nanjing driving centre amid Wuhan virus outbreak

The group also operates taxi services in eight Chinese cities – Beijing, Jilin, Shenyang, Chengdu, Shanghai, Suzhou, Nanjing and Nanning – with a fleet of 11,000.

Broker's Calls

ComfortDelGro upgraded to 'outperform' despite more speed bumps ahead

SINGAPORE (Nov 20): KGI Securities is upgrading ComfortDelGro Corporation to “outperform” after recent share price weakness that has seen the counter plunge from its recent peak in July.

Broker's Calls

Analysts apprehensive of ComfortDelGro's growth amid higher operating expenses

SINGAPORE (Nov 14): Most analysts remained neutral on mainboard-listed ComfortDelGro Corporation after it posted a 10.8% fall in 3Q19 net profit to $70 million.

Results

ComfortDelGro posts 10.8% drop in 3Q earnings to $70 mil

SINGAPORE (Nov 13): Mainboard-listed land transport operator ComfortDelGro Corporation saw its earnings fall 10.8% to $70.0 million for 3Q19 ended September, from $78.5 million in 3Q18.

Global Markets

Briefs

SINGAPORE (Oct 14): “We have certainly received a lot of questions regarding the freedom to move money.” — Clifford Ng, managing partner at Zhong Lun Law Firm in Hong Kong, whose clients are keen to shift assets to Singapore.

Broker's Calls

Public transport operators could rake in additional $132.5 mil in annual revenue as PTC grants full 7% fare hike

SINGAPORE (Oct 9): Public transport operators could see an annual revenue increase of $132.5 million, after the Public Transport Council (PTC) on Tuesday granted the full 7% increase in in fares.
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