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ComfortDelGro
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COMFORT DELGRO - MOVING FORWARD
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Starship
Supreme |
27-Aug-2021 11:12
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ComfortDelGro JV wins contract to operate rail services in Auckland FRI, AUG 27, 2021 - 8:19 AM UPDATED FRI, AUG 27, 2021 - 10:36 AM MAINBOARD-LISTED ComfortDelGro Corporation  ComfortDelGro was awarded a contract worth S$1.13 billion to operate rail services in Auckland, New Zealand, the transport operator said in a statement on Friday. The group will operate the rail services through Auckland One Rail (AOR), its 50 per cent-owned joint venture with Australian rail operator and maintenance company UGL Rail Services. The contract, lasting for an initial term of eight years with the opportunity for further extensions, will begin on Jan 16, 2022. ComfortDelGro' s managing director Yang Ban Seng called the deal a " milestone" as it is the group' s first rail operation outside of Singapore and its maiden entry into New Zealand. ComfortDelGro has been operating commuter rail services in Singapore through its listed subsidiary, SBS Transit, since 2003. AOR will be responsible for passenger train operations across the network. This includes providing drivers, developing timetables, operating and maintaining stations, security, customer service, and protecting revenue. The Auckland Rail network, with a pre-Covid-19 annual ridership of 21 million, is the largest in New Zealand. It has four lines and 42 stations, as well as 72 three-car electric multiple unit (EMU) trains and eight diesel multiple unit trains, which will grow to 44 stations and 95 EMU trains when Auckland' s new City Rail Link opens in 2024. ComfortDelGro has also been looking to expand in the  rail sector internationally  besides New Zealand.  Previously, it said it had invited transport operator SMRT Corporation to tender for a rail project in Sydney, Australia  together with UGL Rail Services. The scope of the contract, for a new metro railway line connecting  Greater Western Sydney and the new Western Sydney International (Nancy-Bird Walton) Airport, will include maintenance works and  installation of tracks, mechanical, signalling, and electrical systems. Last year, ComfortDelGro also entered into a collaboration agreement with France-based transport companies RATP Dev and Alstom  to  jointly bid for two upcoming metro lines  in the Greater Paris region  which are part of the Grand Paris Express metro project. https://www.businesstimes.com.sg/transport/comfortdelgro-jv-wins-contract-to-operate-rail-services-in-auckland   |
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rocketman
Master |
27-Aug-2021 10:57
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No.. he busy and still aiming for his 20 Cents target price..
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halleluyah
Supreme |
27-Aug-2021 10:36
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conman go lau sai...still haven come out... | ||||
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beng1102
Elite |
27-Aug-2021 10:30
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Except that he is reading the book upside down and that is the way to find trading secret.    lol.
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justicebaogaliao
Veteran |
27-Aug-2021 10:23
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This morning someone saw Kukuman in a quiet corner at IMH, reading book of wise investment for dummies | ||||
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beng1102
Elite |
27-Aug-2021 10:10
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Hard to say!  Nowadays robot can make post in the forum.  Robot is telling what other robots are doing such as selling stock to con old uncle.  lol.
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eEconomist
Member |
27-Aug-2021 10:06
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What is so weired about conman is, he kept talking about Comfort being a taxi company and keep comparing it to PHV.    He said Comfort taxi lost the monopoly positin and market share and saying last time this last time that (last time police wear shorts) When myself and some bros here pointed to him that Comfort is now a land global transport company.  Comfort' s business model focusing mainly on buses and rail globally, and that Singapore taxi business only contribute 15% or so of is revenue.    He ignored this fact and still keep saying the same crap about Comfort losing competion to PHV.    This is so weired.  Either he is mentally unwell or he is just a clone created by this site to generate conversation. |
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tpohwashere
Veteran |
27-Aug-2021 09:58
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lol!  I was being sarcastic, bro :)
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kiseki_2818
Master |
27-Aug-2021 09:46
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5ct gap yummy $$$$, trade with ur own style. when conman said not vested, if con valid, mean vested. ![]() ![]()   |
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kiseki_2818
Master |
27-Aug-2021 09:37
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shock?? conman the name already told u, conman only wan to con, otherwise need to change name. conman nickname is 20ct green green face or man.
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beng1102
Elite |
27-Aug-2021 09:30
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Today Robots  is going into reverse gear and buying up the share in big way so old uncle will follow and make a lot of money.  lol.
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tpohwashere
Veteran |
27-Aug-2021 09:22
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*** shock *** But Conman kept telling us that this is a dead company, share price will crash, PHV will steamroll over it ... ... so why is Auckland awarded $130m per year contracts and why is it going IPO of it' s Australia business?  And investors must be really dumb to pay more for Comfort on a bearish day? So either everyone is wrong and Conman is right or ... he is just full of shit.
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beng1102
Elite |
27-Aug-2021 09:20
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Gap up and hit 200MA.    A strong U-Turn like this means buy only strictly don' t sell.
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rocketman
Master |
27-Aug-2021 09:06
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Conman...where is the drop u ar projecting.....smile | ||||
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Entropy72
Master |
27-Aug-2021 08:30
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Auckland gets a new rail operator to run 4000 weekly train trips
Bernard Orsman 27 Aug, 2021 05:30 AM Auckland will have a new passenger rail operator from next year after the current operator, Transdev, failed to win a new tender. Following an international tender to run the city's rail services, worth about $130 million a year, Auckland Transport has today awarded an eight-year contract to Auckland One Rail - a joint venture comprising ComfortDelGro Transit Pte Ltd (CDGT) and UGL Rail Pty Ltd (UGL Rail). The unsuccessful tenderer was Aka Tangata Ltd (ATL) a consortium comprising Transdev NZ Ltd, John Holland NZ Ltd and CAF NZ Ltd. The existing Auckland passenger rail contract has been in place since 2004 and, following several extensions, expires in March 2022. AT chairwoman Adrienne Young-Cooper said a review of delivering rail services would see Auckland One Rail not only run train services but also maintain the city's electric trains, maintain stations and look after safety and security. This was done with an eye on $7 billion of investment in the city's rail network, including the $4.4b City Rail Link that is due to open in 2024, electrification of rail from Papakura to Pukekohe and the purchase of extra electric trains over the next few years, she said. Young-Cooper said the prime driver for moving to the new model is to simplify the running of the rail network and improve customer and safety outcomes. "While cost savings were not the primary outcome sought, the pricing received through this very competitive procurement process has resulted in savings over current costs," she said. Auckland's rail network is owned and maintained by KiwiRail, while Auckland Transport owns the trains and train stations and is responsible for providing public transport services. There are 42 stations across the southern, eastern, western and Onehunga lines, and almost 4000 train services a week. Young-Cooper said Auckland One Rail will take over Transdev's business and all of its staff, who will remain on their existing terms and conditions of employment. |
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Entropy72
Master |
27-Aug-2021 08:16
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Great news! Well done, CDG!
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spursfan
Supreme |
27-Aug-2021 08:05
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COMFORTDELGRO WINS AUCKLAND RAIL FRANCHISE..... https://links.sgx.com/1.0.0/corporate-announcements/4UUL5GCYV5VMGXKZ/681619_CDG%20wins%20Auckland%20Rail%20Franchise%20%20ARF.pdf | ||||
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Conman
Elite |
25-Aug-2021 17:12
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Hi Bro Big Braggart, Gen Tan is not here. You can find him at SMM thread. I saw him there a few times. As usual, I smile wide wide but kept quiet. Please dont throw salt on his wounds.
Last weekend I asked you for your analysis but you disappeared. Would you like to give your analysis for today's trading?
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Starship
Supreme |
25-Aug-2021 16:36
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![]()
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CheongArgh
Master |
25-Aug-2021 14:51
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