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721-740 of 7142
Wolf Money(Comfortdelgro Corporation)
https://lonewolfinvestor.blogspot.com/2025/04/wolf-moneycomfortdelgro-corporation.html
most resilient blue chip
Recession means more people will take public transport, COE will be cheaper, petrol price cheaper, electricity price cheaper.
CDG shouldnt be experiencing such sell down.
CDG shouldnt be experiencing such sell down.
Crude oil price dropped 20% over past 12 months.
About time to privatise
They are late in the catch up game
They too underestimated grab n rest.
They are late in the catch up game
They too underestimated grab n rest.
End of career for taxi / PHV drivers in sight
https://autonews.gasgoo.com/m/70036290.html
https://autonews.gasgoo.com/m/70036290.html
Projected dividend yield of 5.5% on steady public transport markers. Not too bad when interest rates start going down this year.
Maybank upgrade tis to buy
steady lah
steady lah
Australia taxi fraud cases driven by cabbies, not the company: ComfortDelGro
Systems that could be abused for fradulent charges in around 9,000 cabs have since been changed
TAXI fraud cases in Australia reported earlier this month were the work of cab drivers and not its subsidiary taxi company A2B, said ComfortDelGro Group chief executive officer Cheng Siak Kian on Thursday (Feb 27).
Cheng, who was speaking to the media at a financial results briefing for ComfortDelGro : C52 +1.44%(CDG), said that the fraud was &ldquo pre-existing&rdquo in the Australian taxi industry.
&ldquo What we&rsquo re talking about is driver fraud. It&rsquo s not A2B or 13Cabs as a company,&rdquo he said.
A2B, one of the largest land transport operators in Australia, was acquired by CDG in April 2024. A2B&rsquo s subsidiaries include the taxi operator 13Cabs and taxi payment system provider Cabcharge Payments.
13Cabs is Australia&rsquo s largest taxi operator.
Australian TV programme 60 Minutes, as well as the The Age and The Sydney Morning Herald newspapers reported earlier in February on widespread fraud that has been carried out for years.
The scams were perpetrated by manipulating vulnerabilities in the terminal and payment systems that A2B provides, as well as Cabcharge products that are used by government agencies, companies, hospitals, and other health and disability services.
Cheng said that one type of abuse involved unlinked taxi meters and point-of-sale (POS) systems, which allowed drivers to input their own fraudulent charges on top of the metered fare.
This is unlike Singapore, where the meter and POS are regulated and required to be linked, and the fares cannot be keyed in manually.
Since May 2024, the unlinked systems in all 13Cabs taxis &ndash around 9,000 of them &ndash have since been replaced, he said.
&ldquo While the same payment system is also used by other taxi companies&hellip we cannot force them to be (linked) to the meter, because that is anti-competitive,&rdquo he added.
Major clients have been consulted and were &ldquo quite happy&rdquo with steps taken to reduce potential fraud.
A2B stated in February that it had included two-factor authentication on Cabcharge cards, introduced direct meter integration for accurate fare recording, and required all payments to go through the taxi meter.
CDG chairman Mark Greaves said, &ldquo We acquired (A2B) in April, and starting from May&hellip we were able to really drive down this particular kind of malpractice&hellip It&rsquo s our way of doing things. We have absolutely zero tolerance for any kind of dirty doing.&rdquo
Responding to BT queries earlier in February, an A2B spokesperson said it &ldquo categorically rejects the false and misleading claims made by 60 Minutes, The Age and The Sydney Morning Herald that the company benefits from fraud.&rdquo
The media platforms that reported on the matter are owned by Nine Entertainment. The Australia-based media company declined The Business Times&rsquo request for comment.
Decent results stingy on the dividends since SBS paid out so much
COMFORTDELGRO DELIVERS STRONG FY2024 RESULTS WITH 15.4% REVENUE GROWTH AND 16.6% PATMI INCREASE
Revenue grew to S$4.48 billion, marking a 15.4% year-on-year increase PATMI grew to S$210.5 million, a 16.6% year-on-year increase
The acquisitions made in FY2024 have had a positive impact, increasing overseas revenue contribution to 49.1% and overseas operating profit contribution to 34.9%
The Group continued to expand its public transport business into new regions and markets, while also building scale and differentiation in its point-to-point mobility offering
Proposed final dividend of 4.25 cents per share, bringing a total dividend for FY2024 to 7.77 cents per share, representing a payout ratio of 80%
https://links.sgx.com/1.0.0/corporate-announcements/4732XMNHMVQMVGM3/834712_CDG%20-%20Press%20Release.PDF
Revenue grew to S$4.48 billion, marking a 15.4% year-on-year increase PATMI grew to S$210.5 million, a 16.6% year-on-year increase
The acquisitions made in FY2024 have had a positive impact, increasing overseas revenue contribution to 49.1% and overseas operating profit contribution to 34.9%
The Group continued to expand its public transport business into new regions and markets, while also building scale and differentiation in its point-to-point mobility offering
Proposed final dividend of 4.25 cents per share, bringing a total dividend for FY2024 to 7.77 cents per share, representing a payout ratio of 80%
https://links.sgx.com/1.0.0/corporate-announcements/4732XMNHMVQMVGM3/834712_CDG%20-%20Press%20Release.PDF
Buy, nice dividends adding onz
It didn't do well "well" but is giving base dividend 14.69 cents plus a special 8.41 cents. Thats a whopping 23.11 cents...should trikle down to CDG
This one good to buy now.
It's subsidiary sbs does well.
Entropy72 ( Date: 24-Feb-2025 13:12) Posted:
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CDG results coming out on Thurs. Let?s see what CEO says.
Asdfgh101 ( Date: 24-Feb-2025 10:43) Posted:
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As always your post is informative. Ultimately the benchmark to "push" may also be dividend rate, the higher the better. Comfort is a disappointment becos DBS as its major shareholder, seems to only want to reward their direct shareholders but not this
It was mentioned in an Edge Article by one Terence Wong who is a fund manager. Maybe he was just stating his hopes 😁
alanchee ( Date: 23-Feb-2025 16:15) Posted:
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It defeats the purpose if fund managers play safe and throw money into STI component stocks. What is envisioned is broadening of liquidity to larger breath of SGX listed companies.
Let?s see market action tmr.
Let?s see market action tmr.
BinderyT ( Date: 23-Feb-2025 16:05) Posted:
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