ComfortDelGro (CDG)

UOB Kay Hian downgrades CDG to 'hold' with lower TP of $1.38 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian downgrades CDG to 'hold' with lower TP of $1.38

The downgrade was issued on the back of to the upcoming competition for SBS's bus packages. SBS is a subsidiary of CDG.

Broker's Calls

Analysts like ComfortDelGro's 'undemanding valuation' while lowering TPs

Analysts from RHB and Citi have lowered their TPs to $1.65 and $1.63 respectively.

AVs and EVs

CDG invests $5.4 mil into teleoperation software company to boost autonomous vehicle capabilities

The investment, which will be made through CDG’s US$100 million venture capital fund, is the largest in Ottopia’s Series A funding
Netlink NBN Trust, UOB and ComfortDelGro lead Asean Corporate Governance Scorecard - THE EDGE SINGAPORE

Environmental, Social and Governance

Netlink NBN Trust, UOB and ComfortDelGro lead Asean Corporate Governance Scorecard

More entities scored at least 75% out of the 130 points in the latest edition.
Leadership shuffles occur at ComfortDelGro and subsidary SBS Transit  - THE EDGE SINGAPORE

Leadership

Leadership shuffles occur at ComfortDelGro and subsidary SBS Transit

Two of the three appointments were former Air Force personnel.

Broker's Calls

Analysts mixed on ComfortDelGro's outlook after 3QFY2022 earnings miss

RHB has kept its TP unchanged at $1.80 while Maybank Securities and PhillipCapital have lowered their TPs to $1.60 and $1.75.

Results

ComfortDelGro reports 32.9% higher patmi in 3QFY2022

Operating profit excluding non-recurring items and government relief, meanwhile, grew 170.7% y-o-y.
RHB maintains 'buy' on ComfortDelGro with higher TP of $1.80 amid new contract wins  - THE EDGE SINGAPORE

Broker's Calls

RHB maintains 'buy' on ComfortDelGro with higher TP of $1.80 amid new contract wins

The analyst believes that CDG should continue to witness gradual earnings recovery.

Contracts

ComfortDelGro wins 3 Sydney metropolitan bus tenders worth A$1.7 bil

ComfortDelGro wins A$1.7 bil worth of bus contracts in Sydney; plans to continue expanding there.
ComfortDelGro and ENGIE set to grow EV charging network with latest tender win - THE EDGE SINGAPORE

Electric vehicles

ComfortDelGro and ENGIE set to grow EV charging network with latest tender win

With the latest win, the consortium’s position as one of Singapore’s largest EV charging operators is now cemented.
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