ComfortDelGro (CDG)

Sustainability

ComfortDelGro's carbon emission reduction targets officially approved by SBTi

CDG is the first Southeast Asian land transport operator to have its targets officially approved by the SBTi.
RHB keeps ‘buy’ on ComfortDelGro with new bus contract in Australia - THE EDGE SINGAPORE

Broker's Calls

RHB keeps ‘buy’ on ComfortDelGro with new bus contract in Australia

CDG has recently won a contract to operate bus services in Darwin.

Zest

ComfortDelGro's Australian subsidiary wins bid to operate bus services in Darwin

The contract will begin on July 1, in which CDG Australia will operate under the new CDC Northern Territory branding.

Results

ComfortDelGro reports 30.4% higher 1QFY2022 PATMI of $76.7 mil

Shares in ComfortDelGro increased 2 cents or 1.44% up at $1.41 on May 13.
Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS - THE EDGE SINGAPORE

Broker's Calls

Switch from leaders to laggards like ComfortDelGro, FCT, Genting Singapore, ART, CDLHT and ThaiBev: DBS

The analysts estimate that the STI will be trading between support at 3,200 to 3,250 points with near-term resistance at 3,408.
Proxy advisers recommended ComfortDelGro shareholders to vote against reappointment of Deloitte & Touche as auditors - THE EDGE SINGAPORE

Zest

Proxy advisers recommended ComfortDelGro shareholders to vote against reappointment of Deloitte & Touche as auditors

Shareholders holding some 74.44% of votes, or 514.6 million shares in CDG, voted against the auditor’s reappointment.

Broker's Calls

DBS keeps 'buy' on ComfortDelGro even if YZJFH’s inclusion into STI puts it at risk of removal

The OCBC team has also kept “buy” on CDG with a slightly higher fair value estimate of $1.75 from $1.70 previously.
SBS Transit appoints CEOs for Bus Business and Rail Services segments - THE EDGE SINGAPORE

New appointments

SBS Transit appoints CEOs for Bus Business and Rail Services segments

The new appointments are part of a series of leadership changes that kicked off on April 1.

AVs and EVs

ComfortDelGro to establish $30 mil Autonomous Vehicle Centre of Excellence

ComfortDelGro chairman Lim Jit Poh called the latest investment a “significant” one, saying it is an investment in CDG's future.

Zest

ComfortDelGro to raise taxi fares temporarily due to increase in fuel prices

The temporary fare increase will take effect from April 4.
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