ComfortDelGro

Re: ComfortDelGro

Postby behappyalways » Thu Aug 09, 2018 4:56 pm

ComfortDelGro expands Australia operations with $136.2 mil worth of acquisitions
https://www.theedgesingapore.com/comfor ... quisitions
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Re: ComfortDelGro

Postby behappyalways » Sat Aug 11, 2018 3:02 pm

ComfortDelGro reports 5.5% fall in 2Q earnings to $75 mil on higher costs
https://www.theedgesingapore.com/comfor ... gher-costs
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Re: ComfortDelGro

Postby behappyalways » Tue Nov 13, 2018 5:23 pm

ComfortDelGro posts 2% lower 3Q earnings; to set up new US$100 mil global VC fund
https://www.theedgesingapore.com/comfor ... al-vc-fund
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Re: ComfortDelGro

Postby behappyalways » Thu Feb 14, 2019 7:04 pm

ComfortDelGro posts 0.6% increase in FY18 earnings to $303.3 mil; declares final dividend of 6.15 cents
https://www.theedgesingapore.com/comfor ... -615-cents
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Re: ComfortDelGro

Postby behappyalways » Mon May 20, 2019 2:59 pm

ComfortDelGro posts 6.2% higher 1Q earnings of $70.4 mil on topline boost from acquisitions
https://www.theedgesingapore.com/comfor ... quisitions
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Re: ComfortDelGro

Postby behappyalways » Sun Aug 18, 2019 12:27 pm

ComfortDelGro posts 1.2% rise in 2Q earnings to $75.9 mil on acquisition-led revenue increase
https://www.theedgesingapore.com/capita ... e-increase
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Re: ComfortDelGro

Postby behappyalways » Sun Nov 17, 2019 4:43 pm

ComfortDelGro posts 10.8% drop in 3Q earnings to $70 mil
https://www.theedgesingapore.com/capita ... ngs-70-mil
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Re: ComfortDelGro

Postby behappyalways » Sun Feb 16, 2020 4:56 pm

ComfortDelGro posts 12.6% drop in FY19 earnings to $265.1 mil as taxi business continues to slide
https://www.theedgesingapore.com/capita ... nues-slide
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Re: ComfortDelGro

Postby winston » Mon Feb 17, 2020 2:06 pm

not vested

ComfortDelGro ($2.17, down 2 cents), which operates in nine cities in China, announced that it has started seeing some impact on its operations, including the mandatory closure of its driving centre in Nanjing.

Located about 530km away from Wuhan, the epicentre of the coronavirus outbreak, Nanjing ComfortDelGro Xixia Driver Training Co., Ltd, has been instructed by the authorities to suspend
all operations from 28 January 2020 as a precautionary measure.

The 60%-owned subsidiary has about 600 students enrolled. The Group’s other driving school, Chengdu ComfortDelGro Qing Yang Driving School Co., Ltd, which is located 1,150km from Wuhan, continues to operate but students have been told that they can defer all confirmed test dates in February for a full refund if they so wish.

Its 60%-owned bus station in Guangzhou, Tianhe Bus Station, has seen a reduction of about 15% in the number of bus trips operated for the Chinese New Year period compared to the same period last year.

To-date, 24,000 trips have been operated, with ridership of about 486,000.

The Group also operates taxi services in eight Chinese cities – Beijing, Jilin, Shenyang, Chengdu, Shanghai, Suzhou, Nanjing and Nanning – with a fleet of 11,000.

Impact thus far as been minimal although drivers have reported a drop in demand for their services.

In Australia and the United Kingdom (UK), where the Group also operates bus and taxi services, the situation has remained stable, although stepped up precautions too have been taken.

At $2.17, market cap is S$4,743mln, trailing P/E is 15.8x, P/B is 1.9x, dividend yield is 4.9% and FY18 dividend payout ratio is 75%.

Source: Lim & Tan
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Re: ComfortDelGro

Postby winston » Mon Feb 17, 2020 2:10 pm

not vested

ComfortDelGro Corporation (CD SP)
4Q19: A Rough Ride From Taxi Business Impairment


CD’s reported a 12.6% yoy decline in headline net profit to for 2019 due largely to a S$27.3m impairment charge to its challenging taxi business.

While core net profit met expectations, the cut in final dividend might suggest a tougher road ahead, especially with the COVID-19 situation.

Taxi and public transport ridership has appeared to be largely affected while a potential rail maintenance grant could offer some relief.

Maintain HOLD with a lower PE-based target price of S$2.15 (previously S$2.27).
Entry price: S$1.95.

Source: UOBKH

https://research.uobkayhian.com/content ... e3d739d968
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