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COMFORT DELGRO - MOVING FORWARD
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dexterderc
Senior |
14-May-2026 14:58
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Slow to move up I agree.. Slow to move down? Today it's like rolling down the stairs.. and in doing so, I think injured liaoz.. I have no patient for so long holdings, maybe except yzj.. haha..
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JurongW
Elite |
14-May-2026 14:53
Yells: "Earnings give weight, Chart give wings" |
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Patience is a virtue. It took about 2 years for share price to touch $1 in 2023. CDG is slow to move up, likewise expect it to move down slowly as well.
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dexterderc
Senior |
14-May-2026 14:48
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Your x-axis unit is year.. wait until neck long long..
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JurongW
Elite |
14-May-2026 14:45
Yells: "Earnings give weight, Chart give wings" |
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Will history repeat itself - If so, that will be a double bottom and one can achieve at least 30% return if share price goes from 100 to 130.
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dexterderc
Senior |
14-May-2026 14:37
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I may consider it again at $1 if they are on the right track to transform.. 🤣
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JurongW
Elite |
14-May-2026 14:35
Yells: "Earnings give weight, Chart give wings" |
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Now bet on weak result and u can buy again when share price hit $1
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dexterderc
Senior |
14-May-2026 14:32
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Based on what I know, it can but takes time.. ultimately, people need transport to move around.. but since I'm not vested anymore, who cares! 😂
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JurongW
Elite |
14-May-2026 14:28
Yells: "Earnings give weight, Chart give wings" |
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So far, DBS - 111, Maybank - 150, CGSI - 170. Avg is 143. If CDG results continue to remain soft for the remaing 3 quarters, I won' t be surprised share price to revisit $1 again. That would be the best price to buy and hold.
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Louistan
Senior |
14-May-2026 14:24
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DBSV reduced TP to $1.11. Quite crazy. | ||||
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JurongW
Elite |
14-May-2026 14:24
Yells: "Earnings give weight, Chart give wings" |
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At the end of the day, management need to produce results. Can these strategies generate strong earnings growth? Really not sure.
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dexterderc
Senior |
14-May-2026 14:21
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Well.. for now run road is the best description.. haha..
If the company strategizes properly to transit into autonomous transport (local and overseas, taxis, buses, or even ferries) and charging station provider, the future is there..
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JurongW
Elite |
14-May-2026 14:21
Yells: "Earnings give weight, Chart give wings" |
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Fair chance that CDG will do a SBB today due to " big" drop in share price. | ||||
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JurongW
Elite |
14-May-2026 14:16
Yells: "Earnings give weight, Chart give wings" |
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The topic for this post should be rename as CDG - Run Road instead of Moving forward
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dexterderc
Senior |
14-May-2026 14:13
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Heng I run road first thing in the morning at 1.41. Suffered some losses but used the proceeds to buy HLA and recouped some losses..
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JurongW
Elite |
14-May-2026 13:48
Yells: "Earnings give weight, Chart give wings" |
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Lower channel gave way, next 2 support at S2 and S3.
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Winnertakeall
Elite |
14-May-2026 13:36
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Key reasons brokers still stay positive despite weak Q1:
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JurongW
Elite |
14-May-2026 13:17
Yells: "Earnings give weight, Chart give wings" |
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CGSI maintain TP of $1.70, based on 16x FY27 earnings.
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Joelton
Supreme |
14-May-2026 11:07
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ComfortDelGro posts 16.1% drop in 1QFY2026 patmi to $40.5 mil amid &lsquo challenging start&rsquo ComfortDelGro has reported patmi of $40.5 million for the 1QFY2026 ended March 31, 16.14% lower y-o-y, amid a &ldquo challenging start&rdquo to 2026. Revenue, however, was up by 5.13% y-o-y to $1.23 billion driven by long-term contracts from the group&rsquo s public transport segment, offset by &ldquo challenges&rdquo from its taxi/private-hire vehicle (PHV) arm. Revenue from the group&rsquo s overseas markets made up 52.6% of the total sum. During the quarter, CDG&rsquo s public transport business reported revenue of $814.5 million, 7.2% higher y-o-y. Operating profit rose by 2.7% y-o-y to $37.7 million thanks to fare incrases and higher rail ridership in Singapore, the renewal of the UK Metroline London public bus contracts at improved margins, as well as reimbursements from Metroline Manchester in 1QFY2025. The group&rsquo s Australia performance was &ldquo broadly stable&rdquo . Revenue for the taxi/PHV segment fell by 7.13% y-o-y to $239.7 million as CDG&rsquo s taxi fleet size fell, in tandem with the overall fleet size in Singapore. The group&rsquo s Australian network also contracted from competition and cautious consumer spending while its UK trip volumes were impacted by fewer airport transfers due to the Middle East conflict. Operating profit for this segment plunged 46.73% y-o-y to $17.1 million. Other private transport, which includes private bus, non-emergency patient transport (NEPT) and corporate vehicle leasing, saw revenue increase by 15.18% y-o-y to $108.5 million. However, the segment reported an operating loss of $0.9 million from an operating profit of $0.7 million, due to lower disruption job volumes for CMAC in the UK and the European Union (EU), as well as inflationary cost pressures in non-emergency patient transport (NEPT) in Australia. Inspection & testing services reported revenue of $36.7 million, 11.89% higher y-o-y, while operating profit was up by 34.44% y-o-y to $12.1 million thanks to on-board unit (OBU) installations for the second iteration of the Electronic Road Pricing (ERP) system. Other segments, which includes CDG&rsquo s driving centre, bus station, insurance, media, logistics, electric vehicle (EV) charging and corporate overheads, reported revenue of $28.4 million, 15.92% higher y-o-y, while operating profit fell by 83.33% y-o-y to $0.5 million. The figures factor in business development costs for overseas rail tenders, as well as the bus advertising concession fees introduced as part of the new single operator contract to manage advertising spaces across Singapore&rsquo s public bus network. In its update, the group says it is looking to shift from a taxi-led operator to a &ldquo hybrid fleet-and-platform model&rdquo , building autonomous vehicle (AV) capabilities. Among its initiatives, the group is looking to strengthen its fleet operations, enhance its platform capabilities and scale enterprise mobility. It is also seeking to rebalance its customer segment mix into four key areas: the business-to-business (B2B)/premium segment, specialised transport, business-to-consumer (B2C) mass market and global corporate & airport transfers. CDG is also seeking to build and scale AV ecosystems globally by integrating AV technologies across real-world transport networks. As at end-March, the group says its &ldquo healthy balance sheet and strong operating cashflows&rdquo makes it &ldquo well positioned&rdquo for building future capabilities. Cash and cash equivalents stood at $929.2 million at the same date. Shares in CDG closed 2 cents lower or 1.39% down at $1.42 on May 13. |
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Joelton
Supreme |
14-May-2026 10:59
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Maybank downgrades ComfortDelGro to &lsquo hold&rsquo after lower-than-expected 1QFY2026 results Maybank Securities&rsquo Eric Ong has downgraded ComfortDelGro to &ldquo hold&rdquo from &ldquo buy&rdquo previously after the group&rsquo s 1QFY2026 ended March 31 results came in below consensus&rsquo expectations. The group&rsquo s patmi for the quarter fell by 16.1% y-o-y to $40.5 million, meeting only 17.4% of the consensus&rsquo full-year estimates. Ong, who has lowered his target price to $1.50 from $1.70 previously, has also cut his FY2026 - FY2028 earnings by 17% to factor in higher fuel costs for CDG&rsquo s public transport segment and margin compression in the taxi and private hire segment amid industry competition. While CDG&rsquo s public transport business was stable during the quarter, fuel costs are expected to increase on the back of rising oil prices. &ldquo Management said an indexation mechanism in the contracts will mitigate recent energy cost rises with forward hedges (up to 50% of volumes) in place to manage short-term timing differences,&rdquo says Ong. CDG&rsquo s taxi and private hire segment also faces &ldquo strong headwinds&rdquo with &ldquo intensifying&rdquo competition in the business-to-consumer (B2C) mass market space. &ldquo CDG[&rsquo s] fleet size continues to reduce along with the structural decline with overall Singapore taxi fleet population. [Its] Australia[n] network also contracted from keen competition from other ride hailing platforms, as well as cautious consumer spending,&rdquo Ong notes. &ldquo Despite higher average trip value[s], UK trip volumes were hurt by fewer airport transfers due to ongoing Middle East conflict.&rdquo That said, Ong sees a bright spot in CDG&rsquo s Next-Generation Driving Centre, which will replace Bukit Batok Driving Centre by 2030. On March 11, CDG announced that it will invest over $200 million in new training facilities, technologies and operations to meet &ldquo sustained demand for high-quality, school-based driver training&rdquo and to address the declining number of private driving instructors. The investment includes ComfortDelGro Driving Centre&rsquo s tender award of the $38 million site at Lorong Bistari, Choa Chu Kang, to develop and operate the Next-Generation Driving Centre. &ldquo Upon completion, this project could potentially double CDG&rsquo s market share in Singapore and enhance the long-term financial performance of its Other Businesses segment,&rdquo says the analyst. For FY2026, Ong estimates CDG&rsquo s revenue and core net profit to come in at $5.2 billion and $192 million respectively. Shares in ComfortDelGro closed 2 cents lower or 1.39% down at $1.42 on May 13. |
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Winnertakeall
Elite |
14-May-2026 08:20
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Maybank downgrades ComfortDelGro to ' hold' after lower-than-expected 1QFY2026 results Ong, who has lowered his target price to $1.50 from $1.70 previously, |
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