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ComfortDelGro (CDG)
Deals, joint ventures & alliances
ComfortDelGro enters into construction logistics business in China via JV
The JV marks the group’s first foray into construction logistics in the country.
November 29, 2021
Property
ComfortDelGro acquires UK property for $6.6 mil; new site to enable investment in development of new bus garage
As at 2.20pm, shares in CDG are trading 3 cents lower or 2% down at $1.47.
November 26, 2021
Contracts
ComfortDelGro wins $30 mil NUS contract for electric bus shuttle service
The NUS electric buses will begin operations from 3Q2022.
November 18, 2021
Results
ComfortDelGro revenue, PATMI slip in 3Q21 as commuters stay home
Covid-19 government relief tapered to $19.8 million from $23.8 million in the previous quarter.
November 11, 2021
Company in the news
ComfortDelGro scraps Australia IPO plans
ComfortDelGro Corporation is no longer pursuing an initial public offering (IPO) for its Australian subsidiary.
November 10, 2021
Broker's Calls
DBS lifts ComfortDelGro’s TP to $2.06 on the back of potential Australia IPO
The IPO prospectus extract reveals resilient topline performance amid the Covid-19 pandemic.
November 08, 2021
Broker's Calls
RHB raises ComfortDelGro's TP to $2.10 on economic reopening play
The brokerage expects the group to see improved operating metrics amid the reopening of Singapore’s economy.
October 20, 2021
Broker's Calls
ComfortDelGro’s EV charging points business should generate high margins, but will take a few years: RHB
RHB views the business will take time to turn profitable as Singapore’s EV adoption is still in its early stages.
September 06, 2021
Contracts
ComfortDelGro-ENGIE consortium wins tender for EV charging points in Central, East and West regions
More than 600 EV charging points will be installed in over 200 Singapore public car parks within the next 12 months.
September 03, 2021
Broker's Calls
Analysts keep 'buy' on ComfortDelGro following Auckland rail services contract
RHB has upped its target price on the counter to $2.03 from $2 previously.
August 30, 2021