SINGAPORE (July 10): Phillip Securities Research is keeping its positive outlook on the land transport sector as the storm appears to have blown over for the taxi industry. “We believe the worst is over for the taxi industry, in view of the positive impact following the exit of Uber and resultant ...

SINGAPORE (July 4): ComfortDelGro is expected to post a smaller decline in 2Q profits compared to a year ago, which would mean an improvement in operations, say analysts. A stronger-than-expected expansion in taxi fleet, and partnership with private ride-hailing companies could be catalysts while re...

Submitted By:  Danielle Isaac Case Study:  No Its taxi fleet shrank to 12,627, but the rate of change is slower compared to last year. ComfortDelGro’s taxi fl...

A POTENTIAL increase in its taxi fleet, coupled with projected profit growth in fiscal 2019, has moved DBS Group Research to upgrade transport operator ComfortDelGro's from 'hold' to 'buy' with a target price of S$2.59, a 13 per cent upside from its previous target. ...

Submitted By:  Sandra Sendingan Case Study:  No This compares to a 3.1% decline in the FTSE ST All Share Index. Singapore's key transportation stocks, which inc...

SINGAPORE (June 18): Phillip Securities is maintaining its “overweight” on the land transport sector given the positive industry restructuring and the worst being over for the taxi industry. This comes after Taxi Driver Vocational Licence (TDVL) data for April published by the Land Transport Aut...

ANALYSTS at OCBC Investment Research have downgraded their call on ComfortDelGro to "hold", but have maintained its 12-month fair value price on the stock to S$2.50 as analysts wait for more clarity over the taxi operator's plans to enter the private hire car space, with new...

ANALYSTS at OCBC Investment Research have downgraded their call on ComfortDelGro to "hold", but have maintained its 12-month fair value price on the stock to S$2.50 as analysts wait for more clarity over the taxi operator's plans to enter the private hire car space, with new...

TRANSPORT company ComfortDelGro on Wednesday said it has witnessed an uptick in taxi bookings made through its call centre and phone app in the first five months this year, surpassing figures from a year ago.

SINGAPORE: ComfortDelGro has seen an "uptick" in bookings made through its call centre and phone app for its taxis in the first five months of 2018, it announced on Wednesday (Jun 6).  The taxi operator said that bookings increased by almost 9 per cent year-on-year in May 2018, which is the ...

COMFORTDELGRO on Wednesday said it has witnessed an uptick in bookings made through its call centre and phone app in the first five months this year, surpassing numbers in the year-ago period. 

COMFORTDELGRO on Wednesday said it has witnessed an uptick in bookings made through its call centre and phone app in the first five months this year, surpassing numbers in the year-ago period. 

COMFORTDELGRO (CD) said it was parting ways with Lion City Rental (LCR) given that Uber's exit renders the tie-up less attractive. To recap, in December 2017, as part of CD's tie-up with Uber, CD announced the planned acquisition of a 51 per cent stake in the operator of Uber'...

SINGAPORE (May 28): Here are some stocks that could move the market this Monday morning: ComfortDelGro and Uber Technologies have agreed to dissolve the strategic agreement that they entered into last December. This came on the back of local ride-hailing platform, Grab, acquiring Uber’s Southeast ...

SINGAPORE (May 28): CGS-CIMB Research is maintaining its “hold” call on ComfortDelGro with an unchanged target price of $2.37 after announcing it was parting ways with Lion City Rental (LCR), Uber’s wholly-owned car rental subsidiary, in Singapore.   This comes after ComfortDelGro last week s...

ComfortDelGro, Singapore’s largest taxi operator, and ride-hailing giant Uber have mutually agreed to dissolve a deal that involved the former buying 51 per cent of the latter’s car rental unit in Singapore. The post Singapore’s ComfortDelGro says $220m Uber deal is off appeared first on D...

TAXI giant ComfortDelGro Corp and ride-hailing firm Uber have agreed to dissolve the strategic agreement that they entered into last December.

SINGAPORE: The strategic agreement that ComfortDelGro and Uber entered into late last year has been dissolved, the taxi operator announced in a news release on Friday (May 25).  ComfortDelGro will no longer be acquiring a 51 per cent stake in Uber's wholly-owned rental subsidiary in Singapore ...

COMFORTDELGRO announced on Friday that it has terminated its agreement to take a 51 per cent stake in wholly-owned Uber subsidiary Lion City Holdings.

SINGAPORE: The strategic agreement that ComfortDelGro and Uber had entered into late last year has been dissolved, the taxi operator announced in a news release on Friday (May 25).  ComfortDelGro will no longer be acquiring a 51 per cent stake in Uber's wholly-owned rental subsidiary in Singapore...

ComfortDelGro’s recent move to expand its fleet is the “big U-turn” that indicates signs of a turnaround in the local taxi industry, some analysts say.

SINGAPORE (May 15): Analysts believe the worst might be over for ComfortDelGro Corporation, on the back of its recent acquisitions and improving outlook for its taxi segment. CDG saw its earnings fall 19.6% to $66.3 million for the 1Q ended March, even as revenue fell across all its divisions except...

SINGAPORE (May 14): RHB Research and CGS CIMB Securities are hanging to their “neutral” and “hold” calls on ComfortDelGro (CDG). “We believe CDG needs to finalise a definitive strategy for private hire car business soon,” says RHB analyst Shekhar Jaiswal. And although CDG is embarking on...

SINGAPORE (May 14): Here are some stocks that could move the market this Monday morning: Agri-business group Olam International reported a 9.8% rise in 1Q18 earnings to $158 million from $143.8 million a year ago on reduced net finance costs and lower taxation. Sales of goods and services rose 8.5% ...

TRANSPORT giant ComfortDelGro Corp posted a 19.6 per cent drop in first-quarter earnings to S$66.3 million on the back of plunging investment income.

SINGAPORE: ComfortDelGro's net profit fell nearly 20 per cent in the first quarter as its taxi business continued to take a beating from private-hire players, but the company said it expects revenue in the division to stabilise with the rationalisation of the competition landscape in Singapore ...

VICOM Limited, the vehicle inspection and testing unit of ComfortDelGro, posted a 2.3 per cent increase in net profit for the first quarter to S$7 million, it said on Wednesday evening.

COMFORTDELGRO Taxi, the taxi arm of Singapore-listed ComfortDelGro Corporation, on Monday said it has placed an order for 200 new hybrid Hyundai Ioniqs - its first in close to one-and-a-half years.

SINGAPORE: ComfortDelGro Taxi is set to add 200 new hybrid Hyundai Ioniqs to its fleet, bringing it close to 13,000, the company said in a media release on Monday (May 7). It is the first addition to its fleet in almost one-and-a-half years, according to the company. The first batch of the new ....

COMFORTDELGRO Taxi, the taxi arm of Singapore-listed ComfortDelGro Corporation, on Monday said it has placed an order for 200 new hybrid Hyundai Ioniqs – its first in close to one-and-a-half years.