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

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.

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.

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.

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).

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.

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.

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

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.

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
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