|Bid||2.40 x 0|
|Ask||2.41 x 0|
|Day's range||2.3800 - 2.4500|
|52-week range||1.9600 - 2.5100|
|Beta (3Y monthly)||0.31|
|PE ratio (TTM)||17.14|
|Earnings date||11 Feb 2019 - 15 Feb 2019|
|Forward dividend & yield||0.10 (4.38%)|
|1y target est||2.55|
SINGAPORE (Feb 15): RHB Research has upgraded ComfortDelGro to “buy” with $2.65 target price given the stock could re-rate further on expected strong profit contribution from new acquisitions, continuing organic growth in public transport business and lack of material rise in competition so far from private hire car players in its taxi business. ComfortDelGro’s FY18 PATMI came in at $303 million, in line with RHB’s estimate of $307 million. New acquisitions contributed sales of $124.2 million, which accounted for 54% of the revenue increase.
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* Thailand falls, energy stocks hit after oil tumble * Malaysia top performer ahead of inflation data due later * Markets cautious ahead of Fed meeting outcome due later By Rashmi Ashok Dec 19 (Reuters) ...
Revenue for the quarter grew 8.5% on-year to $967.9 million from $891.7 million, driven by increased contributions from new acquisitions. Operating costs rose 9.5% to $854.5 million due to higher staff costs incurred from the support of SBS Transit’s Seletar Bus package, as well as higher mileages operating and new services & staff costs from newly-acquired subsidiaries, among others. Despite the lower bottomline on a y-o-y basis, CDG’s managing director and group CEO Yang Ben Sang says the group’s Singapore and overseas public transport business continues to do well with higher mileages operated in the recent quarter.
* Thai energy stocks hit by oil price fall * Philippines edges lower on profit-taking * Singapore recovers to lead gains in region By Rashmi Ashok Oct 24 (Reuters) - Thai shares fell nearly 1 percent on ...
The outlook is turning positive for ComfortDelGro Corporation (CDG) as pressures from private-hire car services have eased significantly following the merger between Uber and Grab in March 2018. On the ground, private-hire drivers complained of lower earnings mainly as a result of reduced incentives and many, who were formerly taxi drivers, have returned to their previous trade.