ComfortDelGro (CDG)

Contracts

ComfortDelGro JV with Go-Ahead awarded Stockholm Metro tender

This will be CDG’s first rail contract in Sweden.

Broker's Calls

RHB lifts ComfortDelGro’s target price to $1.60 after recent developments

RHB's raising of its target price on ComfortDelGro follows the latter's recent announcements.

Zest

Ex-SPH top executive Patrick Daniel appointed to SBS Transit’s board

Daniel was the editor-in-chief of SPH media, deputy CEO of SPH, and most recently the interim CEO of SPH Media Trust until 2022.

Company in the news

ComfortDelGro lifts commissions for booked rides to 7% from new year

ComfortDelGro will increase taxi commissions for app and phone-booked rides to 7% from 5% from Jan 1, 2024.

Broker's Calls

RHB maintains 'buy' on ComfortDelGro amid rising taxi fares.

Analyst Jaiswal maintains a positive outlook, citing overseas public transport earnings, Singapore rail riders and taxi earnings.

Results

ComfortDelGro 3QFY2023 earnings up 54.5% y-o-y on improved public transport segment

CDG has reported earnings of $49.9 million for the quarter ended Sept 30.
Driver commissions for CDG drivers remain competitive, DBS maintains 'buy' - THE EDGE SINGAPORE

Broker's Calls

Driver commissions for CDG drivers remain competitive, DBS maintains 'buy'

Gojek’s newly-announced commission cutting move is likely an attempt to attract drivers into its platform amid supply crunch.
×