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Hot stock: ComfortDelGro rises on heavy trading; analysts positive on platform fee charge

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Michelle Zhu

Michelle Zhu

Published Wed, Jun 21, 2023 · 11:43 AM
    • Analysts from DBS and RHB are bullish on ComfortDelGro's decision to implement a S$0.70 platform fee charge for rides booked via its app.
    • Analysts from DBS and RHB are bullish on ComfortDelGro's decision to implement a S$0.70 platform fee charge for rides booked via its app. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHARES of ComfortDelGro (CDG) climbed on Wednesday (Jun 21) morning, the day after the taxi operator announced that it would implement a S$0.70 platform fee charge for rides booked via its app, Zig, from Jul 1.

    As at 11.12 am, the counter was up S$0.03 or 2.6 per cent at S$1.18, with 6.4 million of its shares changing hands.

    It had closed on Tuesday S$0.01 or 0.9 per cent higher at S$1.15 after 21.8 million shares were traded, following the announcement.

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