- ComfortDelGro announced that it has raised its taxi platform fees starting 2025 to offset rising manpower costs from the Platform Workers Act.
- Two new competitors have also entered the domestic ride-hailing market, further increasing competition.
- - Read this at SGinvestors.io -
Higher platform fees on online booking app Zig.
- ComfortDelGro (SGX:C52) recently announced that it has raised its platform fee on its online booking app Zig by S$0.30 to S$0.50 starting 1 Jan 25. This is in response to rising costs from the Platform Workers Act which would require platform companies such as ComfortDelGro to contribute more to the Central Provident Fund accounts of platform workers, coupled with work injury initiatives and enhanced insurance coverage.
- - Read this at SGinvestors.io -
Minimal earnings impact.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-10
Previous report by UOB:
2024-11-15 ComfortDelGro - Strong Growth In 3Q24 As The UK Outperforms.
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 Dividends & Corporate Actions,
ComfortDelGro News Articles
