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COMFORT DELGRO - MOVING FORWARD
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MrBear12
Supreme |
01-Sep-2026 08:07
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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dreamt this jumped to 184. Don't know how true.
but take it as bear dream
pls dyod
Do your own dreams.
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Battle123
Elite |
31-Aug-2026 21:42
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winning contracts continue, can accumulate all the best for nxt fy report |
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haizzz
Senior |
31-Aug-2026 19:13
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Why isn't CDG buying back shares instead of spending on acquisition | |||||||||||||||||||||
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Joelton
Supreme |
31-Aug-2026 10:22
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ComfortDelGro tie-up with French firm RATP Dev to run Copenhagen Metro from Sept 2027 [SINGAPORE] A consortium formed by ComfortDelGro (CDG) and French transport company RATP Dev will operate and maintain all four lines of the Copenhagen metro system from September 2027, after beating out two other bidders. In a statement on Aug 28, Metroselskabet &ndash which oversees the development, construction and operation of the Danish capital&rsquo s metro system &ndash said it chose KBH Metro Partner &ldquo based on an overall assessment of price and quality&rdquo . The contract, worth 17 billion Danish kroner (US$2.7 billion), will run for 12 years, with an option to extend it for another three years. One of only three rapid transit systems in the world that run 24 hours a day, seven days a week, the Copenhagen Metro is fully automated and spans about 43 km across 44 stations. In 2025, it recorded 135 million passengers &ndash its highest annual ridership yet. That year, its average operational reliability was 99.3 per cent, with trains running as frequently as every 90 seconds during peak hours. With the new contract awarded, Metroselskabet&rsquo s director of operations and maintenance Soren Boysen said it will ensure &ldquo robust daily operations&rdquo while establishing a foundation for working with KBH Metro Partner on renewal projects for two of the older lines. &ldquo This is crucial for ensuring that a growing number of passengers continue to experience the metro as a fast and reliable mode of transport,&rdquo he said. No details of KBH Metro Partner&rsquo s bid were provided, with the consortium set to go through a transitional phase before taking over from the current operator, Metro Service. &ldquo For passengers, the aim is that the change in operator is carried out as smoothly as possible so that the metro continues to be experienced as the familiar, reliable and efficient part of the capital&rsquo s public transport system,&rdquo Boysen said. This is the third tie-up between CDG and RATP Dev to operate a metro line. The first time was in 2023, when ComfortDelGro Transit won a contract as part of an international consortium with RATP Dev and French train manufacturer Alstom to run the southern sector of Paris&rsquo Line 15. The following year, in November 2024, a joint venture between SBS Transit, a CDG subsidiary, and RATP Dev Asia Pacific &ndash a subsidiary of RATP Dev &ndash was appointed operator of the Jurong Region Line. It was the first time a foreign operator has been involved in Singapore&rsquo s rail industry. |
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haizzz
Senior |
31-Aug-2026 10:18
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CDG mistake is listing in SG bourse. | |||||||||||||||||||||
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MrBear12
Supreme |
31-Aug-2026 08:11
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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congrats!
let's buy CDG and make it the best stock to own 2027
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Winnertakeall
Elite |
31-Aug-2026 08:03
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ComfortDelGro (CDG) has one very significant new development today: it has won the Copenhagen Metro operating contract together with RATP Dev. 🚇 1. Copenhagen Metro major positive CDG and France RATP Dev will operate and maintain all four Copenhagen Metro lines from September 2027.
🚕 2. Zig/PHV CDG is shifting away from relying purely on taxis CDG recently committed more than S$10 million to buy BYD electric and hybrid vehicles for its private-hire fleet, adding them progressively to Zig. More importantly, its PHV driver network reportedly increased 27.9% to over 4,000, even though the taxi fleet declined about 5% to 7,600 in 1H2026. So management is trying to turn Zig into a broader mobility platform rather than simply a taxi-booking app. |
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Winnertakeall
Elite |
30-Aug-2026 23:23
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ComfortDelGro tie-up with French firm RATP Dev
[SINGAPORE] A consortium formed by ComfortDelGro (CDG) and French transport company RATP Dev will operate and maintain all four lines of the Copenhagen metro system from September 2027, after beating out two other bidders. |
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Guzman
Member |
28-Aug-2026 00:32
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Comfortdelgro is trying to sell a transformation narrative but in truth, nothing new. If Zig driver base has indeed grown by 27% in 2025, why was the 1H2026 results so bad? The hard truth is that all recent acquisitions have tanked - a2b, CMAC, Addison Li..... Just need to analyse the geographical profits in the results presentation to know. But Management is trying to distract and shrink accountability. Let' s take a bet. I dare say 3Q2026 results will continue to fail. |
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Winnertakeall
Elite |
27-Aug-2026 14:27
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Zig active PHV driver base grew 27.9% in 2025, and it now has more than 4,000 PHV drivers on the platform.
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Joelton
Supreme |
25-Aug-2026 09:18
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Citing structural decline of taxi business, PhillipCapital' s Chew lowers ComfortDelGro' s target price to $1.21 Paul Chew of PhillipCapital has turned more bearish on ComfortDelGro, after its 1HFY2026 numbers were below his expectations. With a view that the weakness of company' s taxi business is " structural" and will continue to persist and weigh down on earnings, Chew has reduced his target price to $1.21 from $1.35. For the six months ended June, CDG' s underlying patmi dropped by 14.3% y-o-y to $84.8 million, partly weighed down by earnings from the taxi business, whose ebit was down 46% y-o-y. " Taxi earnings continue to suffer. Singapore taxi fleet is shrinking, Australia is facing soft consumer demand and UK premium services are disrupted by the Middle East conflict," says Chew. On the other hand, CDG' s UK public transport segment, thanks to the repricing of its London bus contracts to higher margin ones, can be deemed a " bright spot" , with overall public transport earnings up 11%. Unlike some of the other analysts, who have flagged positive aspects such as an interim dividend of 3.91 cents that has been maintained, Chew does not expect any recovery in the current 2HFY2026. From his perspective, the structural decline in the taxi fleet has accelerated. He notes that Comfort' s taxi fleet is shrinking by around 400 a year, faster than the growth of the rental fleet, which has around 700 cars now, compared to 7,533 taxis. CDG is pushing for its Zig platform that can be used by both rental and However, Chew believes that the pivot towards the Zig platform will be a gradual offset against the higher margin Singapore taxi operations. Also, the Australian taxi industry is facing weaker consumer demand as it loses market share to ride-hailing. As such, while Chew has kept his " neutral" call, he has reduced his FY2026 earnings estimate by 7% to $177 million, leading to a lower DCF-based target price of $1.21. " The structural headwinds for taxis are worsening and spreading. The $850 million worth of acquisitions made by Comfort has not delivered the turnaround in earnings," says Chew. ComfortDelGro shares, as at 4.11 pm, traded at $1.29. |
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Guzman
Member |
21-Aug-2026 12:27
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$10m = 50 units of BYD EVs. Talk so big. This will be the laughing stock of the automotive industry. Probably trying to distract from the significant 19.6% drop in 1H2026 profits. | |||||||||||||||||||||
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Joelton
Supreme |
21-Aug-2026 11:28
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ComfortDelGro&rsquo s Zig to buy S$10 million worth of BYD cars for private-hire fleet [SINGAPORE] ComfortDelGro : C52 -0.75% will invest more than S$10 million to boost its private-hire vehicle (PHV) fleet with BYD&rsquo s hybrid and electric vehicles (EVs), it said on Thursday (Aug 20). The vehicles will be supplied by Vantage Automotive, the authorised distributor of the Chinese EV giant in Singapore. &ldquo We have seen strong demand from our hirers for PHVs, and this investment reflects our commitment to meeting those needs,&rdquo said Michael Huang, ComfortDelGro&rsquo s head of Singapore point-to-point mobility. &ldquo Investing in our PHV fleet gives hirers more options, and strengthens our ability to support mobility demand across Singapore.&rdquo The announcement comes just a week after the company reported a 19.7 per cent fall in first-half net profit, attributed largely to a sharp drop in its taxi and private-hire business. Operating profit for that segment dropped more than 40 per cent year on year to S$35.5 million. ComfortDelGro CEO Cheng Siak Kian told The Business Times ahead of the results that the company knew it needed to improve its taxi and private-hire business. It has been increasing its private car rental fleet in Singapore to account for the slowing demand for taxi rentals, he added. Zig&rsquo s private-hire driver base rose 28 per cent in 2025, and it now has more than 4,000 active private-hire drivers on its platform. The investment marks Zig&rsquo s broader shift towards a hybrid taxi and private-hire model, as it transforms its point-to-point business from a taxi-led operator to a hybrid fleet and platform model, said ComfortDelGro. With the purchase of the BYD vehicles, Zig will increase its taxi network beyond its current count of about 7,600 vehicles. ComfortDelGro has accelerated the expansion of its PHV fleet, which increased to 700 vehicles from 600 at end-2025, noted DBS in a Tuesday note. The move comes amid &ldquo strong consumer preference for private-hire vehicles, driven by greater flexibility and the high cost of vehicle ownership due to elevated (Certificate of Entitlement) prices&rdquo , the bank added. The new cars will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i and BYD M6. They will be progressively introduced into Zig&rsquo s private-hire fleet and made available to hirers in the coming months. Hirers will have access to preferential charging rates through newly rebranded sister company CDG Energy and maintenance support from ComfortDelGro Engineering&rsquo s network of automotive-service workshops, the company said. |
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Winnertakeall
Elite |
20-Aug-2026 20:33
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ComfortDelGro pumps $10m into BYD electric,
https://www.straitstimes.com/singapore/transport/comfortdelgro-pumps-10m-into-electric-hybrid-vehicles-for-its-private-hire-fleet |
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Joelton
Supreme |
19-Aug-2026 11:45
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Citing FY2027 recovery, DBS and RHB raise respective target prices for ComfortDelGro ComfortDelGro has recorded slightly higher revenue but earnings dropped for the most recent quarter. Even so, Chee Zheng Feng of DBS Group Research has maintained his " hold" call. He has also raised his target price from $1.30 to $1.40 to reflect prospects of improvements in the coming FY2027 and also the signals by the company to give shareholders better returns via dividends. For the three months ended June, CDG' s revenue was up 6% y-o-y, led by public transport contracts recently won in Australia, and higher rates secured. However, earnings for the same quarter was down 23% y-o-y to $45 million, weighed down by the company' s weaker taxi and private hire business that spans from a smaller fleet size in Singapore to hit on its UK-based Addison Lee, which saw lower demand because of flight reductions between the Middle East. Despite the lower earnings, CDG plans to maintain its interim dividend at 3.91 cents compared to the year-earlier period. This translates into a practically full payout ratio. " While management has indicated that 100% payout for FY2026 is unlikely, we believe they are likely more open to limit the decline in dividend payout and that it could payout closer to 90% to keep yield at around 6% level," says Chee. For the current FY2026, Chee is keeping his earnings estimates intact, and for the coming FY2027, he is revising his estimates by 5% higher, to reflect faster recovery at Addison Lee and continued UK public transport momentum. CDG, according to Chee, has indicated that the taxi & private hire operations have somewhat stablised, with Addison Lee recovering along with passenger volume at its Middle East airline client. Nonetheless, compared to FY2025, this year' s bottomline will likely be down, he warns. In addition, there is an absence of a major one-off $18.5 million gain on disposal of a Victoria bus depot, which could be partially offset by continued margin expansion at UK bus. Chee' s target price of $1.40 is based on a higher 5.3x forward EV/Ebitda multiple, which is 1 sd above its five-year average. " We believe the higher premium is justified by potentially resilient dividend payout at 7.87 cents for FY2026 and FY2027, representing an attractive yield of around 6%," he reasons. Shekhar Jaiswal has similarly raised his target price. From $1.45 previously, he now rates this stock worth $1.50. Citing the management, 1QFY2026 was the earnings trough, with 2QFY2026 showing sequential improvement and further prospects of recovery later this year. FY2026 will likely end lower but for the coming FY2027 and FY2028, earnings is seen to grow by 12 to 13%, led by better margins in UK, as Addison Lee' s business normalises. Jaiswal notes that CDG' s profit mix has also shifted to public transport, which accounted for 55% of 1HFY2026 recurring ebit vs 41% a year ago, thereby raising earnings quality even as group ebit margin has dropped to 5.4-5.7%. He likes CDG' s balance sheet as well. " Net gearing of 23%, along with adequate cash and facilities, continues to offer M& A optionality," he suggests. In her Aug 17 note, Ada Lim of OCBC Group Research has summarised a few key growth plans for the company. First, CDG wants to grow its contracted public transport portfolio, with management seeing more than $17 billion of opportunities available globally through 2028. The vast majority of these contracts currently have tenures of more than five years, providing long-term recurring revenues and earnings visibility, says Lim. Next, CDG wants to transform its point-to-point business from a taxi operator to a hybrid fleet-and-platform model. It aims to do so while rebalancing its customer mix amongst premium mobility, B2B, B2C, and specialised transport. For example, CDG&rsquo s presence in multiple countries allows it to service a single customer across at least four trips to and from the airport and home/hotel in a typical international travel journey. " Such seamless end-to-end servicing allows CDG to deepen and capture more value from a single customer relationship," says Lim. Thirdly, CDG continues to build up AV and AI capabilities, with a target for 10% of its global point-to-point fleet to transition to AVs by 2030. Last but not least, the company has in place and is implementing productivity and operational efficiency initiatives, driving cost discipline across the board. Having said so, Lim has trimmed her fair value after lowering her FY2026 and FY2027 earnings projections by 1.6% and 0.5% respectively. From $1.57, she now figures this stock is worth $1.49. Nonetheless, Lim has kept her " buy" call given CDG' s total returns potential of around 10%. She notes that CDG is now trading at a forward 12-month PE of 14.1x, which is around 0.3 sd above its five-year historical average. ComfortDelGro shares changed hands at $1.38 as at 9.32 am, up 1.47%. |
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Winnertakeall
Elite |
18-Aug-2026 10:19
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The Edge Singapore Citing FY2027 recovery and support from dividends, Chee of DBS raises target price for ComfortDelGro to $1.40 ComfortDelGro has recorded slightly higher revenue but earnings dropped for the most recent quarter. Even so, Chee Zheng Feng of DBS Group Research has maintained his " hold" call. He has also raised his target price from $1.30 to $1.40 to reflect prospects of improvements in the coming FY2027 and also the signals by the company https://www.theedgesingapore.com/capital/brokers-calls/citing-fy2027-recovery-dbs-and-rhb-raise-respective-target-prices |
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Guzman
Member |
18-Aug-2026 09:50
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Paying out dividends just to sustain share price. Dividend is 88% of earnings. It is unsustainable given the CAPEX requirements. It is no wonder that borrowing has increased, and Comfortdelgro is getting its majority-owned subsidiary SBST to payout special dividend! | |||||||||||||||||||||
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Joelton
Supreme |
17-Aug-2026 13:09
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Not just blue and yellow taxis: ComfortDelGro boss reshapes fleet to drive profit turnaround SINGAPORE &ndash Singaporeans may soon come to associate ComfortDelGro with more than its quintessential blue and yellow taxis, as the transport provider broadens its business by expanding its pool of private-hire drivers and diversifying its services. The firm has stepped up the transformation of its point-to-point taxi business by finding new ways to meet demand from consumers and businesses here and overseas, Cheng Siak Kian, group chief executive of ComfortDelGro, told The Straits Times in an exclusive interview on Aug 14. &ldquo The product that you will see is going to be beyond taxis,&rdquo said Cheng, who became CEO on Jan 1, 2023, after previously serving as the company&rsquo s group deputy CEO and CEO of bus and train operator SBS Transit, in which Comfort has a majority stake. &ldquo What Singaporeans associate with (ComfortDelGro) in terms of taxis, that&rsquo s only one product.&rdquo Cheng said customers could see shorter waiting times on its Zig app because its supply of drivers has grown. While ComfortDelGro&rsquo s local taxi fleet fell 5 per cent from around 8,000 in the first half of 2025 to 7,600 in the first half of 2026, its network of private-hire drivers, who can take on other jobs, grew by 27.9 per cent to over 4,000 over the same period. This came on the back of a shift in preference, with drivers increasingly wanting to lease a private-hire vehicle instead of a taxi. After my fiance died, I had to keep moving to move on &ldquo We are happy to rent (out private-hire cars). What we really want is to meet the demand in Singapore, particularly during peak hours,&rdquo Cheng said. &ldquo The more supply you have, the more you are able to fulfil the jobs that you can get.&rdquo The firm has also started to offer larger taxis such as the Toyota Noah Hybrid 6-seater for those looking to travel in bigger groups. In addition, it is enhancing technology on its app to offer fares that are attractive to both drivers and customers. Cheng said the firm is also pivoting its point-to-point business to focus more on enterprise-level jobs, such as long-term contracts to take passengers with mobility challenges to appointments and sending children to school. He added: &ldquo It is mutually beneficial because we are able to negotiate very attractive rates (for clients) because it is a bulk buy. We also provide long-term job security for our drivers.&rdquo Singapore&rsquo s largest taxi operator will also ramp up its other services, including non-emergency ambulances, buses and trains as &ldquo part and parcel of the network of multi-modal transport that we hope to provide more of going forward&rdquo . Weaker profits ComfortDelGro&rsquo s plans to accelerate its growth come on the back of weaker profits in its taxi and private-hire business, as cost pressures mount and competition intensifies both at home and abroad. The firm, which makes most of its revenue overseas, on Aug 14 reported that its net profit fell by 19.7 per cent to $85.1 million in the first half of 2026 from the same period a year earlier, due to &ldquo earnings pressures in the point-to-point businesses amid competitive market conditions&rdquo . The firm&rsquo s profits were also crimped by its move earlier in 2026 to absorb part of the increase in fuel costs at in-house pumps to support local taxi drivers, which Cheng said was &ldquo the right thing to do&rdquo . Revenue grew by 5.7 per cent year on year to $2.6 billion in the first half. This was helped by Comfort&rsquo s public transport networks in the United Kingdom, Europe, Australia, New Zealand and Singapore, which accounted for more than two-thirds of its total revenue. Cheng noted that the firm has benefitted from public transport contracts, as many come with a clause which automatically adjusts what operators are paid when expenses such as wages and fuel prices increase. He said these contracts have given it confidence to maintain its interim dividend payout to shareholders at 3.91 cents a share. ComfortDelGro said it spots more than $17 billion in opportunities within the public transport space over the next 18 months, including in the Middle East, in Dubai and Riyadh. &ldquo Notwithstanding the fact that the situation may not be stable at this point in time, we believe that if you cast your eyes on the next two to three years, the situation will be quite different,&rdquo Cheng said. &ldquo The Middle East is actually investing a lot in public infrastructure. Many of these take many years to build. This is where we are investing for the future,&rdquo he added. The war in the oil- and gas-rich region has disrupted international travel, affecting business-to-business demand in the UK, where it owns premium private-hire, courier and black taxi provider Addison Lee. Growth in autonomous vehicles Looking to the future, the firm aims to move 10 per cent of its global point-to-point fleet to autonomous vehicles (AVs) by 2030. It is no stranger to the technology. In March 2025, it launched its first robotaxi programme in Guangzhou in China, partnering Nasdaq-listed AV firm Pony AI. It will establish a regional AV centre of excellence in Shenzhen in the coming months. Over in Singapore, the firm started offering driverless shuttle rides in Punggol earlier in 2026. &ldquo China is probably the next step that we want to go in terms of having more cars commercially, and be the first within all the countries we are operating in to possibly go driverless fully, as they have done with other companies,&rdquo Cheng said. He believes humans will continue to have roles to play, in jobs including safety operators, even as the roll-out of AVs intensifies. In the meantime, Cheng said there is more to be done in the months ahead to turn ComfortDelGro&rsquo s profits around. &ldquo At this stage, we do expect to see some level of transition. Certainly, we are not helped by the war that depressed demand more than we expected in the UK, for example,&rdquo he said. &ldquo But we believe this is a temporary situation. As we continue to transform, we will be able to drive more demand and increase our revenue going forward.&rdquo |
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Winnertakeall
Elite |
17-Aug-2026 09:50
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Winnertakeall
Elite |
16-Aug-2026 19:51
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Not just blue and yellow taxis: ComfortDelGro boss reshapes fleet to drive profit turnaround
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