Cabcharge Australia

SINGAPORE (June 28): ComfortDelGro announced that it has entered into agreement to acquire the remaining 49% stake in CityFleet Networks (CFN) for a cash consideration of £7.9 million ($14 million) from its existing partner Cabcharge Australia.

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.

SINGAPORE (Jan 6): UBS and RHB are reiterating their “buy” calls on ComfortDelGro with target prices of $3.43 and $3.24 respectively in anticipation of higher earnings growth over the next few years.

SINGAPORE (Dec 21): ComfortDelgro has entered into an agreement with Cabcharge Australia to acquire the remaining 49% stake in ComfortDelGro Cabcharge (CDC) for A$186 million ($196 million).