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Latest Forum Topics / ComfortDelGro    Last:1.29 --  Post Reply
COMFORT DELGRO - MOVING FORWARD
Conman
Elite
07-Sep-2021 17:21     
 
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 Alert Admin 		Last week I said we are going to see blood this week. Today Tuesday many are already bleeding. 1.59 will break and when it breaks, the region from 1.60 to 1.64 will become a very strong resistence.

rocketman      ( Date: 07-Sep-2021 16:05) Posted:

1.59 is as SOLID as a ROCK.. No Worries guys.. smile
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rocketman
Master
07-Sep-2021 16:05     
 
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 Alert Admin 		1.59 is as SOLID as a ROCK.. No Worries guys.. smile
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kiseki_2818
Master
07-Sep-2021 10:02     
 
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 Alert Admin 		yesyes

PhillipTan      ( Date: 07-Sep-2021 04:20) Posted:

ComfortDelGro' s EV charging points business should generate high margins, but will take a few years

RHB Group Research analyst Shekhar Jaiswal has kept his " buy" call and target price of $2.03 for ComfortDelGro (CDG) Corporation unchanged after the company announced it had jointly won a pilot tender to set up 470 electric vehicle (EV) charging points in Singapore.

CDG has a 51% stake in a consortium with ENGIE South East Asia for the project. The charging points will be installed in Singapore public car parks over the next 12 months and must be operational by 3Q2022.

In a Sept 6 research note, Jaiswal notes that the business should generate high EBIT margin, though it may take some time before that happens. He points out that CDG will incur $5-6 million in capital expenditure to deploy the EV charging points, and will also have to pay a concession fee to the government for the right to install and operate the EV charging points.

" CDG could make high single-digit to low double-digit EBIT margin for this business. However, as revenue will be driven by greater adoption of EV in Singapore, we believe the business could take a few years before turning a profit as Singapore' s EV adoption is still in its early stages," he says.

Nonetheless, he remains optimistic on CDG' s prospects in the nearer term. " We maintain our investment thesis of CDG' s earnings to recover and expect the key re-rating catalysts to play out over the next 12 months," he says.

Re-rating catalysts include an improvement in operating metrics for CGD' s public transport and taxi businesses as Singapore gradually reopens the domestic economy, as well as a higher inflow of international travellers in 2022.

Jaiswal expects the recovery in CDG' s overseas businesses in Australia and the UK to be visible in its 2H2021 earnings performance. IPO of its business in Australia could also be a re-rating catalyst.

" While the timing remains uncertain, favourable changes to the Downtown Line' s financing framework could bring about a material upside risk to earnings," he adds. 

Shares in CDG closed up 3 cents or 1.89% higher at $1.62 on Sept 6.
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rocketman
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07-Sep-2021 10:01     
 
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 Alert Admin 		Endemic already wat... 
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iJon9123
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07-Sep-2021 09:44     
 
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 Alert Admin 		surpriseCannot socialize in office, but can socialize during dining. Hmmm.....  think i rather stay home to work..  Hope this is temporary before moving to new normal....
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Stocky901
Supreme
07-Sep-2021 09:20     
 
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 Alert Admin 		Social gathering restrictions again. Jialat. 😷 😷
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rocketman
Master
07-Sep-2021 09:03     
 
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 Alert Admin 		Still Holding like a Solid Rock... Conman show us your Bear Power please.. smile
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Conman
Elite
07-Sep-2021 05:14     
 
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 Alert Admin 		Gen Tan, You believe what you posted?

As I said before, there are already 2,000 commercial charging starions island wide and still expanding. The operators need no tendering, need no "GreenFarm" research that costs $50m, in private estates or petrol stations or office/shopping building, with power supplied by SPPower, with some even giving free charging to their customers. Do you think Zoom Bee's public carparks' charging points can compete? It will need to give free stools and umbrellas for each customer to attract business.

The more charging points it sets up, the more $$$ it will drain. Even BP found Singapore market not worth doing and left some years ago. This is going to bring the dinosaur down to its kneel and beg to exit if it really is that greedy but without a brain.
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PhillipTan
Supreme
07-Sep-2021 04:20     
 
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 Alert Admin

ComfortDelGro' s EV charging points business should generate high margins, but will take a few years

RHB Group Research analyst Shekhar Jaiswal has kept his " buy" call and target price of $2.03 for ComfortDelGro (CDG) Corporation unchanged after the company announced it had jointly won a pilot tender to set up 470 electric vehicle (EV) charging points in Singapore.

CDG has a 51% stake in a consortium with ENGIE South East Asia for the project. The charging points will be installed in Singapore public car parks over the next 12 months and must be operational by 3Q2022.

In a Sept 6 research note, Jaiswal notes that the business should generate high EBIT margin, though it may take some time before that happens. He points out that CDG will incur $5-6 million in capital expenditure to deploy the EV charging points, and will also have to pay a concession fee to the government for the right to install and operate the EV charging points.

" CDG could make high single-digit to low double-digit EBIT margin for this business. However, as revenue will be driven by greater adoption of EV in Singapore, we believe the business could take a few years before turning a profit as Singapore' s EV adoption is still in its early stages," he says.

Nonetheless, he remains optimistic on CDG' s prospects in the nearer term. " We maintain our investment thesis of CDG' s earnings to recover and expect the key re-rating catalysts to play out over the next 12 months," he says.

Re-rating catalysts include an improvement in operating metrics for CGD' s public transport and taxi businesses as Singapore gradually reopens the domestic economy, as well as a higher inflow of international travellers in 2022.

Jaiswal expects the recovery in CDG' s overseas businesses in Australia and the UK to be visible in its 2H2021 earnings performance. IPO of its business in Australia could also be a re-rating catalyst.

" While the timing remains uncertain, favourable changes to the Downtown Line' s financing framework could bring about a material upside risk to earnings," he adds. 

Shares in CDG closed up 3 cents or 1.89% higher at $1.62 on Sept 6.
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rocketman
Master
06-Sep-2021 19:04     
 
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 Alert Admin 		AI  PIA  CIA EH YIA

Conman      ( Date: 06-Sep-2021 19:01) Posted:

To live with the Covid Virus is like playing with fire. Today's 235 cases already made the Ministers in-charge panic. I expect a U turn of policies before things get out of hands. HK will definitely be frowning at us.

jackass      ( Date: 06-Sep-2021 18:22) Posted:

another round of work-from-home and more social distancing
no end in sight for covid-19

https://www.channelnewsasia.com/singapore/covid-19-one-social-gathering-day-workplace-interactions-stop-2159361
 


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Conman
Elite
06-Sep-2021 19:01     
 
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 Alert Admin 		To live with the Covid Virus is like playing with fire. Today's 235 cases already made the Ministers in-charge panic. I expect a U turn of policies before things get out of hands. HK will definitely be frowning at us.

jackass      ( Date: 06-Sep-2021 18:22) Posted:

another round of work-from-home and more social distancing
no end in sight for covid-19

https://www.channelnewsasia.com/singapore/covid-19-one-social-gathering-day-workplace-interactions-stop-2159361
 

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rocketman
Master
06-Sep-2021 18:58     
 
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 Alert Admin 		Nothing to worry about... at the most go back to 1.59 again.. smile

jackass      ( Date: 06-Sep-2021 18:22) Posted:

another round of work-from-home and more social distancing
no end in sight for covid-19

https://www.channelnewsasia.com/singapore/covid-19-one-social-gathering-day-workplace-interactions-stop-2159361
 

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jackass
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06-Sep-2021 18:22     
 
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 Alert Admin 		another round of work-from-home and more social distancing
no end in sight for covid-19

https://www.channelnewsasia.com/singapore/covid-19-one-social-gathering-day-workplace-interactions-stop-2159361
 
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tpohwashere
Veteran
06-Sep-2021 18:00     
 
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 Alert Admin 		They won' t upgrade till their private clients have bought first.

beng1102      ( Date: 06-Sep-2021 16:04) Posted:

Expected. More of such upgrading are coming along with fund increase their stake.

Starship      ( Date: 06-Sep-2021 14:55) Posted:

DBS Group Research
03 Sep 2021

News Analysis:
CDG-ENGIE consortium clinches EV charging tenderCDG-ENGIE consortium to install 479 chargers in over 200 public carparks
Consortium will have to pay concession fees of S$0.144/kWh (Central), S$0.108/kWh (East), S$0.154/kWh (West) to the government
Our estimates put potential net profit from this win at c.S$1 &ndash 3m/year Experience gained and building of track record more important given Singapore&rsquo s 40,000 charging point target
Maintain BUY with TP of S$1.94

While earnings contribution does not seem significant now, CDG could have an edge in the upcoming tenders.  The current tender of c.600 charging points is a drop in the ocean compared to Singapore&rsquo s 40,000 charging points target by 2030. We think the experience gained and a successful implementation is more important as it positions CDG well in winning future tenders. To put things in perspective, if CDG were to clinch a 50% share of the 40,000 charging points, potential net profit from this venture could range between  S$58 &ndash 130m per year!

In the meantime, we are maintaining BUY with a TP of S$1.94.
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Conman
Elite
06-Sep-2021 17:31     
 
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 Alert Admin 		Today BBs made the cock and bull uncles who played the matching game with them bought at the selling price again. BBs was selling 1.62 the whole day until closing. Was 1.62 really a lelong price?

Anyone bought? Big Braggart, Gen Tan, Hollowman, or Kuku ConBao? "Congrats"! 🤑 🤑 🤑
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beng1102
Elite
06-Sep-2021 16:04     
 
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 Alert Admin 		Expected. More of such upgrading are coming along with fund increase their stake.

Starship      ( Date: 06-Sep-2021 14:55) Posted:

DBS Group Research
03 Sep 2021

News Analysis:
CDG-ENGIE consortium clinches EV charging tenderCDG-ENGIE consortium to install 479 chargers in over 200 public carparks
Consortium will have to pay concession fees of S$0.144/kWh (Central), S$0.108/kWh (East), S$0.154/kWh (West) to the government
Our estimates put potential net profit from this win at c.S$1 &ndash 3m/year Experience gained and building of track record more important given Singapore&rsquo s 40,000 charging point target
Maintain BUY with TP of S$1.94

While earnings contribution does not seem significant now, CDG could have an edge in the upcoming tenders.  The current tender of c.600 charging points is a drop in the ocean compared to Singapore&rsquo s 40,000 charging points target by 2030. We think the experience gained and a successful implementation is more important as it positions CDG well in winning future tenders. To put things in perspective, if CDG were to clinch a 50% share of the 40,000 charging points, potential net profit from this venture could range between  S$58 &ndash 130m per year!

In the meantime, we are maintaining BUY with a TP of S$1.94.
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Starship
Supreme
06-Sep-2021 15:48     
 
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 Alert Admin

rocketman      ( Date: 06-Sep-2021 15:33) Posted:

Lelong Lelong... Great Sales.. smile...
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rocketman
Master
06-Sep-2021 15:33     
 
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 Alert Admin 		Lelong Lelong... Great Sales.. smile...
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Starship
Supreme
06-Sep-2021 15:26     
 
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 Alert Admin

rocketman      ( Date: 06-Sep-2021 15:05) Posted:

Waliao... BUY BUY BUY....

Starship      ( Date: 06-Sep-2021 14:55) Posted:

DBS Group Research
03 Sep 2021

News Analysis:
CDG-ENGIE consortium clinches EV charging tenderCDG-ENGIE consortium to install 479 chargers in over 200 public carparks
Consortium will have to pay concession fees of S$0.144/kWh (Central), S$0.108/kWh (East), S$0.154/kWh (West) to the government
Our estimates put potential net profit from this win at c.S$1 &ndash 3m/year Experience gained and building of track record more important given Singapore&rsquo s 40,000 charging point target
Maintain BUY with TP of S$1.94

While earnings contribution does not seem significant now, CDG could have an edge in the upcoming tenders.  The current tender of c.600 charging points is a drop in the ocean compared to Singapore&rsquo s 40,000 charging points target by 2030. We think the experience gained and a successful implementation is more important as it positions CDG well in winning future tenders. To put things in perspective, if CDG were to clinch a 50% share of the 40,000 charging points, potential net profit from this venture could range between  S$58 &ndash 130m per year!

In the meantime, we are maintaining BUY with a TP of S$1.94.
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Conman
Elite
06-Sep-2021 15:22     
 
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 Alert Admin 		🤑 🤑 🤑

Conman      ( Date: 04-Sep-2021 07:28) Posted:

Correction : My data of 26 June 2021 already out-dated. According to newspapers today, there are already 2,000 charging stations today! (Source: ZaoBao p.6)
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