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SGX:C52 - ComfortDelGro (SGD 2.51) 949 Followers COMFORTDELGRO CORPORATION LTD
Sector: Transportation, Industry: Other Transportation

Recent Earning Release - 13 Feb 2019
Recent Meeting - 26 Apr 2018

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ComfortDelGro taxi bookings grew up to 8% in 2018

8 Mar 2019 - Singapore Business Review
Drivers benefited from street hails, which accounted for 60-70% of taxi ridership in 2018. ComfortDelGro (CDG) could benefit from Singapore’s ride-hailing landscape that has largely stabilised in the absence of aggressive price undercutting and drivers’ incentives from Grab or Go-JEK, said CGS-CIMB analyst ...

ComfortDelGro profits up 0.6% to $303.3m in 2018

14 Feb 2019 - Singapore Business Review
Losses from its taxi business were offset by earnings from its public transport services business. Land transport firm ComfortDelGro (CDG) was able to weather the stiffening competition from ride hailing as its profits increased by 0.6% YoY to $303.3m in 2018. Its revenue edged up 6.4% YoY to $3.81b ...

ComfortDelGro weathers market shake-up as Go-Jek threat fades

12 Feb 2019 - Singapore Business Review
The lowering of incentives at Go-Jek narrows the earnings divide between private hire and taxis. The prevailing market expectation that ComfortDelgro will lose drivers to ride hailing firm Go-Jek were 'overblown', according to UOB Kay Hian, as the transport operator offers sufficiently attractive compensation ...

ComfortDelGro's earnings to turn up in Q4 onwards as rail riders increase: analyst

13 Nov 2018 - Singapore Business Review
Its $138m corporate venture fund and 4.3% fare hike effective December may boost revenue. ComfortDelGro’s earnings are set to turnaround in Q4 onwards despite Indonesian competitor Go-Jek’s entry into the market thanks to higher contributions from its public transport segment, according to a report by ...

ComfortdelGro profits dipped 2% to $78.5m in Q3

12 Nov 2018 - Singapore Business Review
Net income from investments dipped due to lower dividend received from Cabcharge Australia. ComfortdelGro (CDG) saw its profits slip 2% YoY from $80.1m to $78.5m in Q3 2018, an announcement revealed. Meanwhile, revenue climbed 8.5% YoY to $967.9m from $891.7m. The firm revealed that the profits dropped ...

Daily Briefing: ComfortdelGro to launch $137.94m VC fund for mobility startups; STB partners HIC for smart hotels tech guide

12 Nov 2018 - Singapore Business Review
And over 5,000 flocked Parc Esta’s weekend preview. From Deal Street Asia: ComfortDelGro will set up a $137.94m (US$100m) corporate venture capital fund that will gear towards incubation and investments in mobility technologies and solutions which will complement the firm’s land transport business. The ...

Australia buys could uplift ComfortDelGro's earnings

7 Nov 2018 - Singapore Business Review
They are related to the firm's expertise which is public transport. The acquisition of Australian companies could boost ComfortdelGro’s (CDG) earnings, DBS Equity Research said. The research firm added that the purchases are related to public transport which is within the firm’s expertise. “Whilst this ...

ComfortDelGro buys two Buslink companies in Australia for $165m

5 Nov 2018 - Singapore Business Review
The companies operate a fleet of 401 buses across four Australian states. ComfortDelGro Corporation's subsidiary ComfortDelGro Corporation Australia (CDC Australia) bought Buslink Pty Ltd and Buslink Southern Pty for $165m (A$168.2m). According to an announcement, the Buslink companies operate a fleet ...

ComfortDelGro could gain $10.9m in rail revenue amidst fare hikes

1 Nov 2018 - Singapore Business Review
The fare hikes will be rolled out by 29 December. ComfortDelGro (CDG) could gain an addition $10.9m in their annual rail revenue amidst the 4.3% fare hikes, the Public Transport Council (PTC) said. “We think this could help turn its rail operations around from losses sooner than expected,” CGS-CIMB said. ...

ComfortDelGro partners with Finnish mobility firm for multi-modal transport app

8 Oct 2018 - Singapore Business Review
Users can opt for pay-as-you-go or a subscription plan for payments. ComfortDelGro (CDG) teamed up with Finnish mobility firm MaaS Global for its soon-to-be-launched app called Whim which will allow commuters instant access to a variety of transport services in Singapore. The app will let users choose ...
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