ComfortDelGro's Downtown Line lost S$6.1m

19 Feb 2013 - Singapore Business Review
More losses as operations ramp up. According to DBS, 4Q12 net profit increased by 2% y-o-y to S$57.6m, ending FY12 at a record profit of S$248.9m (+6% y-o-y), within our forecasts (S$248m). 4Q revenue rose by 2%, driven by all business segments, except bus station and automotive engineering in China. ...
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8 surprising business revelations from ComfortDelGro

18 Feb 2013 - Singapore Business Review
Sydney competitors have been "under-pricing". According to Nomura, it had hosted Mr. Choo Chek Siew, Group Financial Officer; and Mr. Choo Peng Yen, Group IR & Special Projects Officer; for a CNY results lunch. Questions raised by investors were largely focused on the company’s Singapore operations and ...
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ComfortDelGro's fast-growing automotive engineering arm running out of steam

13 Feb 2013 - Singapore Business Review
Stellar profit growth unlikely this year. Here's more from Maybank Kim Eng: FY2012 results in-line, profit up 5.6%. ComfortDelGro (CDG) reported a decent set of FY2012 results despite the challenges facing its local operations. FY2012 PATMI of SGD248.9m was 5.6% higher YoY. A final dividend of SG 3.5 ...
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ComfortDelgro ended 2012 with record profit despite huge loss from DTL

13 Feb 2013 - Singapore Business Review
Higher staff costs remain a major drag. 4Q12 net profit increased by 2% y-o-y to S$57.6m, ending FY12 at a record profit of S$248.9m (+6% y-o-y). 4Q revenue rose by 2%, driven by all business segments, except bus station and automotive engineering in China. EBIT margins dipped marginally to 10.6% (4Q11: ...
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ComfortDelGro's operating profit for rail segment crashed 75%

11 Feb 2013 - Singapore Business Review
Blame it on higher staff costs. According to a release, ComfortDelGro's full-year revenue increased by 3.9% to a record $3.55 billion on broad-based growth. The taxi and bus businesses accounted for over 87% of the growth during the year. The increase in revenue would have been even greater at 4.3% ...
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3 things that will drive ComfortDelGro's 6% earnings growth in FY2013

23 Jan 2013 - Singapore Business Review
One catalyst is higher taxi rentals. Here's more from Nomura: Our TP has been lifted by a higher valuation for the taxi business. We value the taxi business at 19x FY13F (v.s. 15x FY13F) to reflect the improved prospects for its business following the sharp rise in COEs (with the potential for rental ...
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Here's why ComfortDelGro is better off than SMRT

15 Jan 2013 - Singapore Business Review
SMRT has expeditures to rectify. Maybank Kim Eng prefers ComfortDelGro to SMRT for its global business operations which provide growth opportunities beyond the challenges currently posed by the Singapore land transport scene. Here's more from Maybank Kim Eng: CDG's overseas businesses which include longer-term ...
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ComfortDelGro set to squeeze benefits from these 3 events

12 Dec 2012 - Singapore Business Review
6 stations geared up for Downtown Line. According to OCBC, recent comments by the Transport Minister have compelled the firm to re-visit its conservative growth assumptions for ComfortDelgro (CD). Here's more from OCBC: Previously, our main issue against raising our valuation for CD was the weakness ...
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3 assets that boost ComfortDelgro's profit ego

27 Nov 2012 - Singapore Business Review
Retail income will jump with 14,000sqm space. According to Nomura, even though the short-term price momentum looks negative to any casual observer, it believes that the company has sufficient in-built growth drivers to maintain earnings growth across the forecast period. Here's more from Nomura: Driver ...
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ComfortDelGro to face intense pressures overseas

14 Nov 2012 - Singapore Business Review
All eyes on Sydney, New South Wales and China. According to OCBC, ComfortDelGro (CD) should end the year on a good note given the manageable operating expenses. However, going forward, the Group will face some competitive pressures in certain markets. Here's more from OCBC: For instance, bus routes in ...
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