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Eric Ong of Maybank Securities has downgraded ComfortDelGro C52 Corp from "buy" to "hold" in what he says is a "contrarian" call.
Ong's basic premise is that the land transport operator will now incur heavier spending is required with the impending $461 million acquisition of Addison Lee, a taxi operator in UK.
"While this major M&A may be accretive, we have some reservations given the challenging operating and regulatory landscape in the UK," says Ong in his Nov 15 note.
Eric Ong of Maybank Securities has downgraded ComfortDelGro C52 Corp from "buy" to "hold" in what he says is a "contrarian" call.
Ong's basic premise is that the land transport operator will now incur heavier spending is required with the impending $461 million acquisition of Addison Lee, a taxi operator in UK.
"While this major M&A may be accretive, we have some reservations given the challenging operating and regulatory landscape in the UK," says Ong in his Nov 15 note.
Eric Ong of Maybank Securities has downgraded ComfortDelGro C52 Corp from "buy" to "hold" in what he says is a "contrarian" call.
Ong's basic premise is that the land transport operator will now incur heavier spending is required with the impending $461 million acquisition of Addison Lee, a taxi operator in UK.
"While this major M&A may be accretive, we have some reservations given the challenging operating and regulatory landscape in the UK," says Ong in his Nov 15 note.
Eric Ong of Maybank Securities has downgraded ComfortDelGro C52C52 Corp from "buy" to "hold" in what he says is a "contrarian" call.
Ong's basic premise is that the land transport operator will now incur heavier spending is required with the impending $461 million acquisition of Addison Lee, a taxi operator in UK.
"While this major M&A may be accretive, we have some reservations given the challenging operating and regulatory landscape in the UK," says Ong in his Nov 15 note.
Singapore’s largest real estate agency, PropNex, has once again risen to the top of The Edge Singapore’s Centurion Club, which ranks listed companies with market capitalisations between $100 million and $999 million, as part of the Billion Dollar Club 2024. For the third consecutive year, PropNex has earned accolades for Highest Return to Shareholders, Highest Weighted Return on Equity (ROE), and the most prestigious award in its category, Overall Real Estate Sector Winner.
Eric Ong of Maybank Securities has downgraded ComfortDelGro C52 Corp from "buy" to "hold" in what he says is a "contrarian" call.
Ong's basic premise is that the land transport operator will now incur heavier spending is required with the impending $461 million acquisition of Addison Lee, a taxi operator in UK.
"While this major M&A may be accretive, we have some reservations given the challenging operating and regulatory landscape in the UK," says Ong in his Nov 15 note.
TEst popular news 1 Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust N2iu Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust TEst popular news 1 Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust TEst popular news 1 Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust Broker's call: Suntec REIT, Mapletree Pan Asia Commercial Trust
UOL’s indirect subsidiary, United Venture Development (UVD) and CL Onyx, an indirect wholly-owned subsidiary of CapitaLand Singapore (CapitaLand Development or CLD), entered into a put and call option agreement for the en-bloc purchase of the condo on Oct 26.
