ComfortDelGro (CDG)

ComfortDelGro seeks IPO listing in Australia for Australian subsidiary - THE EDGE SINGAPORE

IPO

ComfortDelGro seeks IPO listing in Australia for Australian subsidiary

The IPO is planned for the last quarter of 2021.
ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil - THE EDGE SINGAPORE

M&A

ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil

CDG is acquiring the business assets of Young’s Bus Services, including 42 buses and two depots.
Broker's Digest: SGX, FLCT, HRnetGroup, ComfortDelGro, Ascendas REIT, Kimly - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: SGX, FLCT, HRnetGroup, ComfortDelGro, Ascendas REIT, Kimly

See the analysts' recommendations and target prices here.
RHB upbeat on ComfortDelGro’s new division, sees strong earnings recovery ahead - THE EDGE SINGAPORE

Broker's Calls

RHB upbeat on ComfortDelGro’s new division, sees strong earnings recovery ahead

RHB has kept its 'buy' rating for CDG and TP of $2 unchanged.
ComfortDelGro reorganises taxi, private bus and car rental services under new division, plans to launch 'mega app' - THE EDGE SINGAPORE

Zest

ComfortDelGro reorganises taxi, private bus and car rental services under new division, plans to launch 'mega app'

The app will have CDG's services offered on a single platform to customers.
BlackRock becomes a substantial shareholder of ComfortDelGro - THE EDGE SINGAPORE

Zest

BlackRock becomes a substantial shareholder of ComfortDelGro

BlackRock now has a deemed interest of 5% in CDG.
Pyrford International ceases to be substantial shareholder at ComfortDelGro - THE EDGE SINGAPORE

Company in the news

Pyrford International ceases to be substantial shareholder at ComfortDelGro

Pyrford, in a May 21 filing, sold 81,800 CDG shares to the market on May 20 for a total of $133,669.38, or $1.6341 per share.
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.
Analysts maintain 'buy' on ComfortDelGro on improved 1Q21 earnings and as proxy for recovery - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' on ComfortDelGro on improved 1Q21 earnings and as proxy for recovery

Shares in CDG closed 5 cents lower or 3.1% down at $1.58 on May 14, or 1.3 times P/B, according to UOB Kay Hian’s estimates.
ComfortDelGro posts 56% growth in 1Q21 PATMI, announces plans to unlock value in Australia - THE EDGE SINGAPORE

Results

ComfortDelGro posts 56% growth in 1Q21 PATMI, announces plans to unlock value in Australia

CDG announced that it is exploring various options to unlock the value of its assets in Australia.
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