ComfortDelgro

Broker's Calls

Hints of stabilisation in taxi earnings environment a good sign for ComfortDelGro

SINGAPORE (Mar 21): OCBC says encouraging indicators pointing to a more stabilised earnings environment for Singapore taxi operators were seen in the recent few months leading up to Jan 18.

M&A

ComfortDelGro-Uber joint venture enters Phase 2 of regulatory review

SINGAPORE (Feb 19): ComfortDelGro (CDG) says its partnership with Uber Technologies is entering the second stage of the Competition Commission of Singapore’s (CCS) deliberation with regards to the two companies’ proposed joint venture (JV).

ComfortDelGro and Uber launch UberFLASH services in Singapore

SINGAPORE (Jan 18): Local taxi operator ComfortDelGro and ride hailing app Uber have launched UberFLASH, a new service to reduce waiting times by matching passengers to the nearest uberX vehicle or Comfort taxi.

Broker's Calls

Negatives mostly priced into ComfortDelGro stock, says UOB

SINGAPORE (Jan 18): Singapore's taxi sector is slowly but surely moving towards a more stable market even though conditions stay tough, says UOB Kay Hian.

Broker's Calls

ComfortDelGro gets a 'buy' on better rail and overseas prospects even as it embraces dynamic pricing

SINGAPORE (Jan 12): Maybank Kim Eng is maintaining its 'buy" on ComfortDelGro with $2.40 price target on expectations earnings should improve in 2018 after a lacklustre 2017 on better prospects for the rail and overseas businesses in 2018.

Startups, Entrepreneurs, Digital economy

Uber can’t afford fall of Singapore

(Dec 12): Of all the setbacks during World War II, the one that British Prime Minister Winston Churchill could never really get over was the fall of Singapore. Seventy-five years later, Dara Khosrowshahi shouldn't even want to contemplate the costs o

Results

ComfortDelGro reports 8.2% fall in 3Q earnings to $80.1 mil

SINGAPORE (Nov 10): Transport operator ComfortDelGro reported a 8.2% fall in 3Q earnings to $80.1 million from $87.3 million a year ago. This brings earnings for 9M ended Sept to $242 million.

M&A

ComfortDelGro sets up subsidiary to buy Metro Taxi of Perth for $5.5 mil

SINGAPORE (Oct 31): ComfortDelGro has incorporated a new subsidiary to acquire the business asset of Metro WA Taxi Management in Perth.

ComfortDelGro and Uber alliance to breathe new life after losing drivers to Grab

SINGAPORE (Sept 28): CIMB is maintaining its “hold” call on ComfortDelGro with a target price of $2.15.

ComfortDelGro hits the speed bumps

SINGAPORE (Sept 18): OCBC is downgrading ComfortDelGro to “hold” after its subsidiary lost the Thomson-East Coast Line contract and Grab turns aggressive in wooing its taxi drivers.
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