taxi business

Relief for ComfortDelGro once Phase 3 begins: RHB - THE EDGE SINGAPORE

Broker's Calls

Relief for ComfortDelGro once Phase 3 begins: RHB

The average daily number of trips for 1-shift taxis is now at approximately 75% of the historical average.

Company in the news

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

ComfortDelGro Taxi is collaborating with supply chain arm of the public healthcare system ALPS to deliver medication to patients who require regular refills during the Covid-19 period.


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

Come end-April, some of these taxis will double up as grocery delivery vehicles for RedMart, the online grocery arm of Lazada, which has seen a surge in requests for home deliveries.

Broker's Calls

Analysts slash earnings forecasts for ComfortDelGro as Covid-19 slams brakes on taxi business

DBS has cut its FY2020F and FY2021F earnings by 19% and 11% respectively, while CGS-CIMB has slashed its FY2020-2022F earnings per share (EPS) forecasts by 13.4%-38.6%.

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. 

Broker's Calls

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