ComfortDelgro

Broker's Calls

Fare cuts aren't too close for Comfort

SINGAPORE (Nov 14): ComfortDelgro’s share price fell more than 12% over the past month, in what Maybank Kim Eng considers an “overreaction” to the announcement of a 4.2% fare cut on Oct 27 from lower energy prices.

Results

ComfortDelgro’s 3Q earnings rise 2.5% to $87.3 mil on lower expenditure

SINGAPORE (Nov 11): Transport group ComfortDelgro posted $87.3 million in earnings for 3Q16, 2.5% higher from $85.2 million in the same quarter a year ago on the back of lower expenditure, bringing earnings per share (EPS) in 3Q to 4.05 cents compared to

Broker's Calls

How Singapore investors can stay defensive in a post-Trump world

SINGAPORE (Nov 11): Donald Trump’s notorious US presidential win on Wednesday will surely raise volatility for Singapore’s equities, says DBS Vickers Securities.

Broker's Calls

Cuts expected to leave Comfortdelgro unscathed

SINGAPORE (Oct 31): OCBC research is maintaining a “buy” call on ComfortDelgro with a fair value of $3.09 despite news of an impending fare cut.

Market Close

STI down 0.2% to 2,870.24

SINGAPORE (Oct 10): Singapore shares ended lower in line with most of its regional peers.
ComfortDelGro taxi image

Broker's Calls

ComfortDelGro’s fair value driven down by Uber, Grab

SINGAPORE (Oct 4): OCBC Investment Research is keeping its “buy” recommendation on ComfortDelGro but cutting its fair value estimate to $3.10 from $3.21 previously, amid the rapid expansion of private hire car service providers.

Market Close

STI closes 0.14% lower at 2,805.52

SINGAPORE (Sept 25): Singapore stocks closed lower on Thursday, falling for the fourth consecutive session amid increased volatility in the global markets this week.

Autonomous vehicles not (yet) driving taxis out of business

SINGAPORE (Sept 1): Autonomous self-driving vehicles have hit the streets in Singapore with the world’s first public trial run of driverless taxis in August, but taxi drivers can breathe a sigh of relief that their jobs are safe – at least for now.
Trading floor

Best stocks to buy in a season of uncertainty

SINGAPORE (Aug 18): UOB Kay Hian further cut its 2016F market EPS growth estimates to –8.1% from –2.4% after what it calls “another quarter to forget” of disappointing results under the research house’s coverage climbed up to 37% in 2Q from 34%

Market Close

STI closes flat at 2,8671.21

SINGAPORE (Aug 15): Singapore shares ended lower in mixed trade as investors wait for fresh trading cues, including Singapore export data due Wednesday.
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