ComfortDelGro - RHB Invest 2023-12-18: Rise In Singapore Taxi Fares; Reiterate BUY

• 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.
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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.
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Business impact.

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Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-03-03 ComfortDelGro - Growth To Remain Strong In 2025; BUY..

Previous report by RHB:
2025-02-04 ComfortDelGro - Working Towards Building A Global Presence.

Price targets by 4 other brokers at ComfortDelGro Target Prices.

Listing of research reports at ComfortDelGro Analyst Reports.

Relevant links:
ComfortDelGro Share Price History,
ComfortDelGro Announcements,
ComfortDelGro Dividend Payout Dates & Corporate Actions,
ComfortDelGro News