| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
 Post Reply
|
|
COMFORT DELGRO - MOVING FORWARD
|
|||||
|
Joelton
Supreme |
17-Aug-2021 09:44
|
||||
|
x 0
x 0 Alert Admin |
ComfortDelGro eyes ASX listing for Australian subsidiary
MAINBOARD-LISTED transport operator ComfortDelGro Corporation ComfortDelGro: C52 +3.09% announced on Monday that it is looking to list its wholly owned subsidiary, ComfortDelGro Corporation Australia (CDC), on the Australian Securities Exchange (ASX).
In a statement, the company said the initial public offering (IPO), which is planned for the last quarter of 2021, will unlock the value of the group' s land transport business assets in Australia.
Australia is ComfortDelGro' s single largest overseas investment destination, with a total investment of S$1.17 billion to date.
The group made its maiden foray in Australia 16 years ago through the acquisition of a bus operator in New South Wales. It now operates a fleet of more than 4,400 vehicles - including buses, coaches and ambulances - in six Australian states and territories.
ComfortDelGro' s Australian business generated revenue of S$608 million for the year ended Dec 31, 2020.
" CDC is 16 years old and has been a significant contributor to the Australian public transport scene. It has worked hand in hand with the authorities in the various states and territories it operates in to deliver reliable, safe and sustainable bus and coach services," said ComfortDelGro chairman Lim Jit Poh.
" We believe the time is now right to share this Australian growth story with Australian investors," he added.
Credit Suisse Australia and UBS Australia have been appointed joint lead managers for the IPO.
ComfortDelGro said it will release more details on the proposed listing as and when there are material developments.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
17-Aug-2021 09:16
|
||||
|
x 0
x 1 Alert Admin |
Totally zero value post.
You have the answer to my "silly" questions?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
rocketman
Master |
17-Aug-2021 09:10
|
||||
|
x 0
x 0 Alert Admin |
Expect it to TURN GREEN later on in my humble opinion...Above 1.7 soon .... SMILE WIDELY...... | ||||
| Useful To Me Not Useful To Me | |||||
|
PhillipTan
Supreme |
17-Aug-2021 09:06
|
||||
|
x 0
x 0 Alert Admin |
Analysts see smooth ride ahead for ComfortDelGro as domestic reopening imminentAnalysts from UOB Kay Hian, Maybank Kim Eng Research, CGS-CIMB, OCBC Investment Research and DBS Group Research have all maintained their " buy" and " add" calls on ComfortDelGro (CDG).Target prices from these brokerages have been maintained at $1.90, $1.88, $1.80 and $2 respectively, although DBS has lowered its target price from $1.99 to $1.94. DBS analysts Paul Yong and Yong Woon Bing say the target price is revised based on 1.53 times FY2021 price to book value (P/BV), which is -0.5 standard deviation (SD) of its historical average. The counter is currently trading at 1.3x P/BV, or -1 SD of its average, which to them is " attractive" . CDG saw a hiccup in its earnings recovery, as 2QFY2021 saw a decline in earnings due to the implementation of Phase 2 (Heightened Alert) measures in Singapore. 2Q21 Profit After Tax and Minority Interests (PATMI) fell from $56.2 million in 1QFY2021 to $34.8 million in 2QFY2021. OCBC' s Research Team observes that this resulted in a 19% q-o-q decline in average daily rail ridership. In addition, ridership in the point-to-point industry fell to 55% of pre-Covid levels, compared to 80% before Phase 2 (Heightened Alert), and taxi rental rebates that were borne by CDG rose as well. " As Singapore gradually seeks to return to normalcy with increasing vaccination levels, things should improve for ComfortDelgro as well," the team writes. CGS-CIMB' s Ong Kang Chuen and Darren Ong note that despite the loss in 2QFY2021, CDG' s 1H net profit reversed y-o-y from a $7 million loss to a net profit of $91 million. They elaborate that Singapore operations saw lower profitability q-o-q on the back of lower social mobility and government grants tapering off, while overseas operations generally saw improvement in 2QFY2021. The duo highlighted that the taxi segment was the hardest hit, as CDG offered substantial rental rebates to drivers throughout the 1.5 months of Heightened Alert. But with a profitable 1HFY2021, CDG resumed its interim dividend payout with a distribution per share of 2.1 cents, implying a payout ratio of about 50%. The group received about $57 million of government support in 1HFY2021, compared to $87 million in 2HFY2020. Moving forward, the CGS-CIMB analysts are forecasting a continued easing in social distancing with a high vaccination rate in Singapore. This will, in turn, support ridership recovery. They add that " we forecast rail ridership to recover to 80% of pre-Covid-19 levels by end-FY2021, and expect taxi rental rebates to be lowered further (currently 35%). Excluding government grants, we forecast CD to achieve an operating profit of $98 million in 2HFY2021." Agreeing with the domestic outlook, UOB KH analyst Lucas Teng points out CDG' s overseas segments, saying that For Australia, the group' s public transport schedules remain stable, while ad hoc charter services increased. He estimates that operating profits in Australia saw an improvement of 24% q-o-q, though he also notes that 2QFY2021 has borne the brunt of the lockdown measures seen in Australia, but near-term weakness should be expected for Australia from 3QFY2021 onwards. As for the UK, Teng observes that the public bus services ran on full schedules. There was additional support from the government chartering business, though its unscheduled coach services do not appear to have taken off yet. CDG remains at " operating breakeven levels" in the UK. Maybank KE' s Kareen Chan sums it up by saying that CDG' s management sees activity levels are recovering slowly across its key operating countries, despite further restrictions being imposed due to outbreaks of new variants. " Recovery could remain gradual and uneven. Nevertheless, the reopening prospects of Singapore remain bright, in our view," Chan highlights. " Additionally, the management of Covid-19 situation is becoming clearer as compared to last year, with the vaccination rate of Singapore and the UK reaching > 70%. As a result, we believe 2H2021 earnings are likely to improve." Shares of CDG closed at $1.68, with a FY2021 price to book ratio of 1.3 and dividend yield of 3.2%. |
||||
| Useful To Me Not Useful To Me | |||||
|
eEconomist
Member |
17-Aug-2021 08:57
|
||||
|
x 0
x 1 Alert Admin |
I am so amused that some people just ask silly questions so that he can have a last say. Ghoosh.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Conman
Elite |
17-Aug-2021 08:03
|
||||
|
x 1
x 2 Alert Admin |
How to huat? Will we be given any Australian shares or a special cash dividend? Or is it going to get our shares thinned out?
|
||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
17-Aug-2021 02:15
Yells: "The World has changed" |
||||
|
x 0
x 1 Alert Admin |
CG' s unit going for Australia IPO. Huat! | ||||
| Useful To Me Not Useful To Me | |||||
|
ringo88
Senior |
16-Aug-2021 22:33
|
||||
|
x 0
x 0 Alert Admin |
Mr Tan.. go click on my user ID and try to find one single post where I directly talk down CDG. As a direct posting.
Copy and paste here again. If you can't, then your post really isn't very intelligent at all. Cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
beng1102
Elite |
16-Aug-2021 22:04
|
||||
|
x 0
x 0 Alert Admin |
See below trading data for short volume for the last 31 days. The average relative short volume is 16.8%. For those day where short selling is above average closing prices are not consistently lower, in fact mostly higher or flat. On 29 Jul where short volume is 36.5%, the closing price is up, this show that buying interest is stronger than selling. The data shows that for the recent trade short volume has no impact on the closing price, Therefore there is no need to be overly concerned with the short seller for next few days. Date Relative Short close +/-
08/16/21 19.4320911007 0.05
08/13/21 20.1210934022 0.01
08/12/21 26.7029554951 -
08/11/21 12.5064994323 -0.01
08/10/21 13.7674720618 0.03
08/06/21 22.6532066289 0.02
08/05/21 19.668358006 -0.01
08/04/21 19.1265120133 0.02
08/03/21 12.0980274955 -0.01
08/02/21 32.6693782037 -
07/30/21 11.7590716068 -0.03
07/29/21 36.5149429472 0.01
07/28/21 21.9869259503 -
07/27/21 14.756035924 0.03
07/26/21 10.9676421696 -0.02
07/23/21 8.4992630432 0.01
07/22/21 9.4364584376 0.01
07/21/21 22.2428997536 -0.01
07/19/21 26.600437051 -0.01
07/16/21 21.7084208421 -
07/15/21 9.7262513846 -0.02
07/14/21 11.9282579171 -0.01
07/13/21 8.8464801273 -0.01
07/12/21 17.8843454812 -
07/09/21 16.6054160593 0.01
07/08/21 10.2021099818 -0.04
07/07/21 7.014888027 -0.01
07/06/21 17.1207232061 0.01
07/05/21 11.9556639015 0.01
07/02/21 12.8769782839 0.01
07/01/21 14.6061193771 -0.01
Average = 16.8382233971
|
||||
| Useful To Me Not Useful To Me | |||||
|
ringo88
Senior |
16-Aug-2021 21:54
|
||||
|
x 0
x 0 Alert Admin |
You sarkar wrong person la.. go check out Oceanus thread 😆
|
||||
| Useful To Me Not Useful To Me | |||||
|
PhillipTan
Supreme |
16-Aug-2021 21:07
|
||||
|
x 0
x 0 Alert Admin |
Think only two, Conman and ringo88 Maybe they really lost until crazy by shorting this counter thinking it will drop to $0.20 The rest seem quite optimistic I bought in again this morning and is now sitting on a paper profit of 1k plus Thought maybe only hit 1.65 today, didn' t expect it to hit 1.67 Sweet
|
||||
| Useful To Me Not Useful To Me | |||||
|
SgYuan
Supreme |
16-Aug-2021 21:05
|
||||
|
x 0
x 0 Alert Admin |
comfort day
w4 161 px hit 160 w5 164 px hit 164 watch day cloud lower upper 165 166 also fib 188.6% 168 this was update 11am morning px hit 169 |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
mrwise
Supreme |
16-Aug-2021 20:55
|
||||
|
x 0
x 0 Alert Admin |
Hahah...few days back....many talk down this stock....now all chasing due to its great potential to go above $2.50! This is just like Oceanus which will show its shine real soon!!! | ||||
| Useful To Me Not Useful To Me | |||||
|
justicebaogaliao
Veteran |
16-Aug-2021 20:53
|
||||
|
x 0
x 0 Alert Admin |
Great news! Fresh funds will be injected into CDG via the IPO for growing its multinational businesses. With more growth expected, investors should expect higher dividends in the near future, and i might consider buying Kukuman a brain aid and investment guidebook for dummies
|
||||
| Useful To Me Not Useful To Me | |||||
|
iamantt
Member |
16-Aug-2021 20:00
|
||||
|
x 0
x 0 Alert Admin |
🚕 ComfortDelGro Corporation Limited (CD SP) Company Update, 16 August 2021 Shares are up 2.5% to S$1.66 as of 3:05pm this afternoon - 1H2021 net profit was S$91mn vs S$7mn loss in prior year - 1H2021 net profit makes up 49% of full-year consensus estimates of S$187mn for 2021. - Currently trades at attractive valuations of 19x FY2021 P/E and 15x FY2022 P/E - Dividend yield is expected to improve from 3.2% in 2021 to 5.3% in 2022 - Adding on the decent first half results, the company announced it is pursuing an IPO for its Australian unit, to be completed in 4Q2021. The Australian unit operates public transport in Sydney, Brisbane and Darwin. Read more: https://www.kgieworld.sg/research/comfortdelgro16aug @kgisg |
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
16-Aug-2021 19:57
|
||||
|
x 0
x 0 Alert Admin |
Just buy. Today is the right time to buy and it has close above 200MA which is a strong sign that price should go up next few days.
|
||||
| Useful To Me Not Useful To Me | |||||
|
PhillipTan
Supreme |
16-Aug-2021 19:54
|
||||
|
x 0
x 0 Alert Admin |
ComfortDelGro eyes ASX listing for Australian subsidiaryMainboard-listed transport operator ComfortDelGro Corporation announced on Monday that it is looking to list its wholly owned subsidiary, ComfortDelGro Corporation Australia (CDC), on the Australian Securities Exchange (ASX).In a statement, the company said the initial public offering (IPO), which is planned for the last quarter of 2021, will unlock the value of the group' s land transport business assets in Australia. Australia is ComfortDelGro' s single largest overseas investment destination, with a total investment of S$1.17 billion to date. The group made its maiden foray in Australia 16 years ago through the acquisition of a bus operator in New South Wales. It now operates a fleet of more than 4,400 vehicles - including buses, coaches and ambulances - in six Australian states and territories. ComfortDelGro' s Australian business generated revenue of S$608 million for the year ended Dec 31, 2020. " CDC is 16 years old and has been a significant contributor to the Australian public transport scene. It has worked hand in hand with the authorities in the various states and territories it operates in to deliver reliable, safe and sustainable bus and coach services," said ComfortDelGro chairman Lim Jit Poh. " We believe the time is now right to share this Australian growth story with Australian investors," he added. Credit Suisse Australia and UBS Australia have been appointed joint lead managers for the IPO. ComfortDelGro said it will release more details on the proposed listing as and when there are material developments. Shares of ComfortDelGro are trading 2.5 per cent or S$0.04 higher at S$1.66 as at 2.10pm on Monday, following the announcement. |
||||
| Useful To Me Not Useful To Me | |||||
|
Conman
Elite |
16-Aug-2021 19:33
|
||||
|
x 0
x 2 Alert Admin |
As expected, BBs pumped, uncles chased. Dinosaur remains as dinosaur. Zoom Bee remains as Zoom Bee. Want to buy, just buy. Want to sell, just sell. Your money, you decide. 😎 | ||||
| Useful To Me Not Useful To Me | |||||
|
Fluffyclouds
Master |
16-Aug-2021 16:24
|
||||
|
x 0
x 0 Alert Admin |
Recovery play. Lai lai lai! | ||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
16-Aug-2021 16:22
|
||||
|
x 0
x 0 Alert Admin |
Singapore on track to further ease curbs this week: healthcare leaders MON, AUG 16, 2021 - 8:37 AM [SINGAPORE] Covid-19 measures are on track to be eased further this week, experts say, as more people are vaccinated and there are adequate healthcare resources to care for those with severe infection. Dr Noel Yeo, chief operating officer for healthcare services network IHH Healthcare Singapore, said: " About 75 per cent of our total population has completed full vaccination, while the numbers of new daily cases and hospitalised cases, including patients requiring oxygen and intensive care, are on the decline." IHH Healthcare Singapore operates hospitals such as Mount Elizabeth and Gleneagles. Dr Yeo said: " The Covid-19 situation in Singapore appears under control and (the country is) prepared for further increases in event sizes and capacity limits from Thursday." The raised limits would apply to congregational and other worship services, cinemas, cruises and shopping malls, the Government had said. Work-from-home requirements will also be eased, with up to 50 per cent of employees now working from home able to return to the workplace. Professor Teo Yik Ying, dean of the Saw Swee Hock School of Public Health at the National University of Singapore, noted that public health measures are not being lifted all at once. Measures such as mandatory mask wearing and border controls will still help to minimise transmissions in the community. Prof Teo said: " The high percentage of fully vaccinated people in the population means... the impact to the health of the individuals, as well as to the health system, is minimal, as long as the vast majority of these infections happen in people who have been vaccinated." If larger-scale events are allowed to go ahead from Thursday, it would mark the second of a two-step approach to reopening the economy after stricter rules were imposed on July 22 in response to a surge in local cases. https://www.businesstimes.com.sg/government-economy/singapore-on-track-to-further-ease-curbs-this-week-healthcare-leaders |
||||
| Useful To Me Not Useful To Me | |||||