|Day's range||2.33 - 2.36|
|52-week range||2.33 - 3.02|
|PE ratio (TTM)||15.43|
|Earnings date||11 Aug 2017|
|Dividend & yield||0.06 (3.59%)|
|1y target est||2.82|
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The app has around 100,000 members. After Ryde was given the go-ahead to be a third-party taxi booking service provider by the Land Transport Authority, it partnered with ComfortDelGro to launch a taxi booking service. Launched in 2014, Ryde was the world's first real-time carpooling app home-grown in Singapore.
ComfortDelGro's bus business performed spectacularly in the past quarter, as figures from CIMB showed. According to the brokerage firm, the operating profit of ComfortDelGro's bus segment grew 18.1% to $13m in the past quarter. This improvement was brought about by the higher revenue and better margins of the bus business under the new contracting model.