land transport

Results

ComfortDelGro posts 6.2% higher 1Q earnings of $70.4 mil on topline boost from acquisitions

SINGAPORE (May 14): ComfortDelGro Corporation Limited (CDG) has announced earnings of $70.4 million for the 1Q ended March, rising 6.2% from $66.3 million in 1Q18 due to higher revenue, driven by s

Results

SBS Transit posts 70% higher FY18 earnings of $80 mil on revenue surge

SINGAPORE (Feb 12): SBS Transit announced earnings of $80.1 million for FY18, up 70% y-o-y from its FY17 earnings of $47.1 million due to higher revenue.

Broker's Calls

How will Singapore's land transport players respond to Go-Jek's arrival?

SINGAPORE (Dec 5): RHB Research is maintaining “neutral” on ComfortDelGro (CDG) with an unchanged target price of $2.35, which indicates 11% upside plus 5% FY19F yield.

Results

ComfortDelGro posts 2% lower 3Q earnings; to set up new US$100 mil global VC fund

SINGAPORE (Sept 9): ComfortDelGro Corporation (CDG) posted $78.5 million in earnings for the 3Q ended Sept, representing a 2% decline from earnings of $80.1 million a year ago due to lower dividend

M&A

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

M&A

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

Startups • Entrepreneurs • Digital economy

Grab commuters can now shop and collect freebies with a new in-car service, Grab&Go

SINGAPORE (June 4): Ride-hailing firm Grab has launched its in-car sampling and retail passenger experience, Grab&Go, in partnership with New York-headquartered mobile marketplace operator Carg

In print this week

ComfortDelGro revving up for disruption waves ahead

SINGAPORE (Apr 27): The future of taxis is an important issue for public transport operator ComfortDelGro. 

This taxi company lost 11% of its value waiting for Uber

SINGAPORE (Dec 8): ComfortDelGro Corp. has lost $500 million in just four months -- on track to become Singapore’s second-worst performing stock in 2017 -- as investors lose patience over a planned

Broker's Calls

ComfortDelGro downgraded as taxi business slows

SINGAPORE (Nov 14): RHB Research is downgrading its call on ComfortDelGro (CDG) to “neutral” from “buy” with a lower target price of $2 from $2.60 previously, on expectations that the sequential de

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