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ComfortDelGro (CDG)
Broker's Calls
Will stiff taxi competition continue to hinder ComfortDelGro despite Uber alliance?
SINGAPORE (Feb 14): OCBC is upgrading its call on ComfortDelGro (CDG) while increasing its fair value to $2.25 from $2.12 previously after rolling forward its valuations, on the belief that CDG’s alliance with Uber, if approved, will help to stabilise t
February 14, 2018
M&A
ComfortDelGro expands footprint in Wales by acquiring New Adventure Travel for $25 mil
SINGAPORE (Feb 7): ComfortDelGro is acquiring South Wales bus and coach operator New Adventure Travel (NAT Group) for £13.4 million ($25.0 million) to expand its bus and coach operations in UK.
February 07, 2018
Broker's Calls
ComfotDelGro on 'hold' as it kick starts collaboration with Uber
SINGAPORE (Jan 19): CIMB is maintaining its “hold” call on ComfortDelGro (CD) with a target price of $2.15.
January 19, 2018
Broker's Calls
ComfortDelGro to enter comfort zone in 2018
SINGAPORE (Jan 11): Maybank Kim Eng is maintaining its “buy” call on ComfortDelGro with a target price of $2.40.
January 11, 2018
Public consultation held to assess market impact of Uber-Comfort partnership
SINGAPORE (Dec 22): The Competition Commission of Singapore (CCS) is inviting public feedback on the upcoming alliance between Uber Technologies and ComfortDelGro (CDG).
December 22, 2017
M&A
ComfortDelGro and Uber finally join forces
SINGAPORE (Dec 8): ComfortDelGro Corporation finally announced they will be entering into a joint venture (JV) with Uber Technologies.
December 08, 2017
This taxi company lost 11% of its value waiting for Uber
SINGAPORE (Dec 8): ComfortDelGro Corp. has lost $500 million in just four months -- on track to become Singapore’s second-worst performing stock in 2017 -- as investors lose patience over a planned venture with Uber Technologies Inc.
December 08, 2017
Broker's Calls
Comfort-Uber alliance 'necessary in the long run' despite likely earnings dilution: UOB
SINGAPORE (Nov 28): UOB Kay Hian is maintaining its “buy” call on ComfortDelGro (CDG) with a target price of $2.25, which is based on a long-term average P/E of 16.6 times, pending more details on the land transport operator’s upcoming alliance with
November 28, 2017
Broker's Calls
ComfortDelGro is coping well with the competition
SINGAPORE (Nov 16): UOB Kay Hian is reiterating its “buy” call on ComfortDelGro with a target price of $2.25, as the group’s results were broadly in line and it’s “coping well” amid revenue pressure.
November 16, 2017
Broker's Calls
ComfortDelGro downgraded as taxi business slows
SINGAPORE (Nov 14): RHB Research is downgrading its call on ComfortDelGro (CDG) to “neutral” from “buy” with a lower target price of $2 from $2.60 previously, on expectations that the sequential decline in the group’s Singapore taxi fleet and hi
November 14, 2017