ComfortDelGro (CDG)

DBS Group Research has maintained a “buy” rating on ComfortDelGro with a raised target price of $1.96, compared to the previous target price of $1.63. It expects a stronger recovery once Phase 3 kicks in and more people start to commute.

ComfortDelGro has announced that all three of its listed companies, ComfortDelGro, SBS Transit and VICOM, have ranked in the top 20 spots in the Singapore Governance and Transparency Index for the first time.

Transport operator ComfortDelGro is expecting “very weak” results for 1H2020, owing to a sharp drop in ridership during the circuit breaker period.

Bumpy roads ahead for ComfortDelGro, but not for very long

ComfortDelGro a ‘buy’ as it drives to France for new business opportunities

ComfortDelGro Corporation, RATP Dev and Alstom have entered into a collaboration agreement to jointly bid for Grand Paris Express (GPE) greenfield metro projects in the Greater Paris region, France, on Friday.

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.

Four Singaporean blue-chip stocks lost a combined market capitalization of S$863 million on Friday amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s largest stocks.

Apart from ComfortDelGro's weaker earnings in 1QFY2020 ended March, DBS analyst Andy Sim notes that the company is slated to be excluded from the MSCI Singapore Index from May 29, which could put significant pressure on the counter’s share price.

Although deemed essential services in all geographies, ComfortDelGro's business across its key markets has declined on the back of reduced mileage and ridership.