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land transport
Broker's Calls
ComfortDelGro downgraded as taxi business slows
SINGAPORE (Nov 14): RHB Research is downgrading its call on ComfortDelGro (CDG) to “neutral” from “buy” with a lower target price of $2 from $2.60 previously, on expectations that the sequential decline in the group’s Singapore taxi fleet and hi
November 14, 2017
Results
SBS Transit's 3Q earnings grow 42% to $11.1 mil on higher revenue
SINGAPORE (Nov 9): SBS Transit posted $11.1 million in earnings for the 3Q ended Sept, representing a 42.1% increase from $7.8 million in the same period a year ago.
November 09, 2017
Hot Stock
ComfortDelgro shares soar 8.3% on news of potential alliance with Uber
SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday.
August 23, 2017
Broker's Calls
Uber collaboration would be a win-win one for ComfortDelGro against Grab: RHB
SINGAPORE (Aug 23): RHB Research is maintaining its “buy” call on ComfortDelGro (CDG) with an unchanged $2.60 price target, after the land transport company yesterday announced its potential formation of a strategic alliance with Uber Technologies in
August 23, 2017
Results
SBS Transit posts 75.3% rise in 2Q earnings to $12.7 mil on higher revenue
SINGAPORE (Aug 10): Transport operator SBS Transit has announced earnings of $12.7 million for the 2Q17 ended June, representing a 75.3% increase from its earnings of $7.2 million in 2Q16 on higher revenue.
August 10, 2017
Broker's Calls
Rail segment to keep ComfortDelGro’s earnings in its comfort zone
SINGAPORE (May 15): OCBC continues to rate ComfortDelGro (CDG) at “buy” with a lower fair value estimate of $2.88 from $2.95 previously, following the release of the land transport group’s 1Q results on Friday.
May 15, 2017
Broker's Calls
ComfortDelGro on the road to a stable 2017
SINGAPORE (Jan 16): CIMB Securities continues to rate land transport company ComfortDelGro at “add” with an unchanged target price of $2.91, while forecasting a FY16-18 yield of 3.9-4.7% based on an incremental payout ratio of 66-70%.
January 16, 2017
CIMB Looks Ahead
What does 2017 hold for transport companies?
SINGAPORE (Dec 8): CIMB is maintaining its lacklustre view of Singapore’s transport and air services companies amid stiff competition and other headwinds from foreign exchange and oil price volatility.
December 08, 2016