Lim Jit Poh

ComfortDelGro’s recovery gains traction, analysts raise target prices - THE EDGE SINGAPORE

Investing ideas

ComfortDelGro’s recovery gains traction, analysts raise target prices

After years of losing market share to ride-hailing apps, ComfortDelGro (CDG) is poised to protect its core taxi business.

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 to spend $6 billion to replace existing fleet with EVs

The company is also mulling diversification into sea and air transport as well as logistics

Company in the news

ComfortDelGro’s founding chairman to retire

Mark Greaves, who has been on CDG’s board since May 2020, will replace Lim as chairman.
Lim Jit Poh to retire as chairman of Vicom after 40 years, to become emeritus chairman and remain as senior advisor - THE EDGE SINGAPORE

Transport

Lim Jit Poh to retire as chairman of Vicom; to become emeritus chairman and remain as senior advisor

Lim also announced that he will be retiring from his role as ComfortDelGro chairman in 2023.
ComfortDelGro posts 56% growth in 1Q21 PATMI, announces plans to unlock value in Australia - THE EDGE SINGAPORE

Results

ComfortDelGro posts 56% growth in 1Q21 PATMI, announces plans to unlock value in Australia

CDG announced that it is exploring various options to unlock the value of its assets in Australia.
SBS Transit Chairman Lim Jit Poh to retire after 18 years, will remain as senior advisor - THE EDGE SINGAPORE

Transport

SBS Transit Chairman Lim Jit Poh to retire after 18 years, will remain as senior advisor

He will remain as senior advisor of the company following the AGM on Apr 29.
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.
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