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ComfortDelGro (CDG)
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.
February 02, 2023
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.
January 13, 2023
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
January 11, 2023
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.
December 14, 2022
Leadership
Leadership shuffles occur at ComfortDelGro and subsidary SBS Transit
Two of the three appointments were former Air Force personnel.
December 08, 2022
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.
November 23, 2022
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.
November 14, 2022
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.
November 09, 2022
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.
November 07, 2022
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.
November 02, 2022