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ComfortDelgro
M&A
ComfortDelGro to acquire remaining 49% stake in CityFleet Networks
SINGAPORE (June 28): ComfortDelGro announced that it has entered into agreement to acquire the remaining 49% stake in CityFleet Networks (CFN) for a cash consideration of £7.9 million ($14 million) from its existing partner Cabcharge Australia.
June 28, 2017
Top 3 banks still dominate top 10 brands
SINGAPORE (June 12): Singapore’s three banks continue to dominate the annual list of Top 100 Singapore brands compiled by Brand Finance.
June 12, 2017
Broker's Calls
Singapore public transport to support growth of this company
SINGAPORE (May 12): RHB is maintaining its “buy” call on ComfortDelGro with $3.00 target as the broker sees strong revenue visibility from Singapore’s bus business via the Government Contracting Model (GCM), and improving rail revenue from higher ri
May 12, 2017
Broker's Calls
ComfortDelgro forecasts stays for now despite Seletar bus package win: DBS
SINGAPORE (April 20): DBS is keeping its forecasts for ComfortDelgro unchanged for now although subsidiary SBS Transit was announced as the winner of the latest bus package.
April 20, 2017
Broker's Calls
A transport fare review that smells of a hike
SINGAPORE (April 6): RHB is not ruling out the possibility of a fare hike next year, given the Public Transport Council has started its review of the formula through which bus and train fares are adjusted yearly.
April 06, 2017
Broker's Calls
ComfortDelGro a ‘buy’ after dynamic pricing of taxi fares gets the nod
SINGAPORE (March 27): OCBC is reiterating its “buy” on ComfortDelGro with a fair value of $2.95 after regulators give the go-ahead for dynamic pricing of taxi fares.
March 27, 2017
Broker's Calls
Meet the potential winners amid Fed rate hikes
SINGAPORE (March 17): Rising interest rates on the back of US Fed rate hikes should favour banks, property developers, and stocks with yield backed by net cash, says DBS Group Research.
March 17, 2017
Here’s a simple way ComfortDelGro could save $2 mil a year
SINGAPORE (March 8): A commercial decision to change all taxis to yellow could save lives and potentially reduce economic losses by millions of dollars, according to a study led by researchers from the National University of Singapore (NUS).
March 08, 2017
Stocks To Watch
Manulife US REIT, Great Eastern, SingPost, ComfortDelGro, Oxley, UE, HPH Trust
SINGAPORE (Feb 13): Here are some stocks that could move the market this Monday morning.
February 13, 2017
Results
ComfortDelGro full year earnings 5% higher at $317 mil
SINGAPORE (Feb 10): ComfortDelGro saw earnings rise 5.0% to $317.1 million in FY16, from $301.9 million a year ago.
February 10, 2017