ComfortDelGro

DBS has turned more bullish on CDG’s capacity for shareholder-friendly actions, raising its projected dividend payout ratio to 85% from 80%.

Transport & Logistics

BROKERS’ TAKE

DBS raises ComfortDelGro to ‘hold’, lifts target price to S$1.30

This comes after early signs of moderating UK inflation and potential for a higher dividend payout

ComfortDelGro's autonomous shuttles have been available on an invite-only basis since April.

Companies & Markets

ComfortDelGro begins free autonomous shuttle rides in Punggol

Autonomous vehicle rides are open to the public from Jun 22 and can be booked via the company’s Zig app or BookingSG

ComfortDelGro's robotaxis currently operate as a commercial service in Guangzhou, China.

Companies & Markets

ComfortDelGro sees China and Singapore as key robotaxi markets

It aims to operate 3,000 autonomous vehicles, comprising 10% of its fleet, by 2030

Over the five trading sessions, 22 primary-listed companies conducted buybacks with a total consideration of S$88.9 million.

Companies & Markets

INSIDE INSIGHTS

AGT raises Nam Cheong stake; Silchester increases holdings of ComfortDelGro

[SINGAPORE] Over the five trading sessions from May 22 to 28, 22 primary-listed companies conducted buybacks with a total consideration of S$88.9 million.

The transport player’s net profit fell 16.1 per cent to S$40.5 million in the first quarter ended Mar 31, amid challenges in the taxi and private-hire vehicle business.

Companies & Markets

BROKER’S TAKE

UOBKH downgrades ComfortDelGro to ‘hold’ as Q1 earnings disappoint

Brokerage slashes target price for the land transport operator by 15% to S$1.54

The company believes that it has “adequate" cash and facilities for fleet investments and electrification.

Companies & Markets

Middle East war hits ComfortDelGro’s UK taxi business; Q1 profit down 16.1%

However, its public transport segment shows improvement with revenue up 7.2%

Latest development follows earlier contracts awarded to SP Mobility and Shell in March.

Transport & Logistics

SP Mobility, ComfortDelGro Engie bag contracts to deploy EV fast-charging hubs in HDB towns

Each site will feature six to eight 50 kilowatt fast chargers

CMAC's Ashley Seed says that airlines pulling back on flight schedules "puts huge pressure on the operational complexities of the market".

Asean Business

ComfortDelGro’s CMAC eyes Asia expansion as flight disruptions become more frequent

The UK-based company could now target new clients in Singapore and Australia

The temporary measures aim to support drivers grappling with higher operating costs as fuel prices rise.

Companies & Markets

ComfortDelGro introduces new temporary driver fee, increases meter fare amid rising fuel costs

The measures will take effect from Mar 24 to May 31

The facility will also include nursery circuits, dedicated heavy-vehicle training, simulators and a road-safety gallery.

Companies & Markets

ComfortDelGro to build new driving centre in Choa Chu Kang, invest S$200 million in driving education

It is slated to replace the Bukit Batok Driving Centre by 2030

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News