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taxi business
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.
October 07, 2020
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.
June 02, 2020
Covid-19
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.
April 14, 2020
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%.
March 31, 2020
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.
April 27, 2018
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
February 02, 2018