- On 13 Dec, ComfortDelGro (SGX:C52) raised Singapore taxi flag-down fares by 50 cents for its regular taxis, and distance and time-based charges by one cent. These changes are to address taxi drivers' earnings, which have been impacted by higher fuel costs as well as the current and upcoming GST hikes.
- - Read this at SGinvestors.io -
Trying to address taxi availability.
- Along with the fare hike, ComfortDelGro also announced that it would extend the period during which an evening peak-hour surcharge applies by an hour. The evening peak hour during weekdays will now start at 5pm instead of 6pm. ComfortDelGro also introduced a peak-hour surcharge from 10am to 1.59pm on weekends, including public holidays.
- - Read this at SGinvestors.io -
Business impact.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2023-12-18
Read also RHB's most recent report:
2024-10-28 ComfortDelGro - Accretive UK Taxi Business Acquisition; Reiterate BUY.
Previous report by RHB:
2024-09-12 ComfortDelGro - Higher Public Transport Fares In Singapore; BUY.
Price targets by 5 other brokers at ComfortDelGro Target Prices.
Listing of research reports at ComfortDelGro Analyst Reports.
Relevant links:
ComfortDelGro Share Price History,
ComfortDelGro Announcements,
ComfortDelGro Dividends & Corporate Actions,
ComfortDelGro News Articles
