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Broker's Calls
ComfortDelGro's exit from Uber tie-up comes as no surprise, says CGS-CIMB
SINGAPORE (May 28): CGS-CIMB Research is maintaining its “hold” call on ComfortDelGro with an unchanged target price of $2.37 after announcing it was parting ways with Lion City Rental (LCR), Uber’s wholly-owned car rental subsidiary, in Singapore.
May 28, 2018
Broker's Calls
CIMB keeps ComfortDelGro on 'hold' with Uber tie-up in limbo
SINGAPORE (Mar 27): CIMB expects ComfortDelGro to stay unexciting in the near term given the many uncertainties surrounding the latest developments in Singapore’s ride-hailing sector.
March 27, 2018
Broker's Calls
ComfortDelGro's tie-up with Uber far from being a game changer
SINGAPORE (Jan 4): Although ComfortDelGro's tie-up with Uber is unlikely to be a game changer, OCBC says this will allow Uber app users to directly book ComfortDelGro taxis.
January 04, 2018
M&A
ComfortDelGro and Uber finally join forces
SINGAPORE (Dec 8): ComfortDelGro Corporation finally announced they will be entering into a joint venture (JV) with Uber Technologies.
December 08, 2017
Broker's Calls
Alleged Uber probe unlikely to shake ComfortDelGro's outlook: Maybank
SINGAPORE (Oct 5): Maybank KimEng is remaining firm on its latest upgrade to a “buy” call on ComfortDelGro (CDG) with unchanged price target of $2.40 or 16 times FY18 forecast earnings.
October 05, 2017
Uber said to be under CPIB probe over majority-owned Lion City Rentals
SINGAPORE (Oct 2): Market talk has it that Uber Technologies is under investigation by Singapore’s Corrupt Practices Investigation Bureau (CPIB) over the ride-hailing firm's majority-owned car rental company, Lion City Rentals (LCR).
October 02, 2017