To recap, CDG on Tuesday signed an exclusivity letter with Uber for discussions in relation to forming an alliance between the two companies – which may involve collaboration on the management of fleet vehicles and booking software solutions in Singapore, including CDG’s taxis being made available on Uber’s mobile application.
SINGAPORE (Aug 23): RHB Research is maintaining its “buy” call on ComfortDelGro (CDG) with an unchanged $2.60 price target, after the land transport company yesterday announced its potential formation of a strategic alliance with Uber Technologies in Singapore.
