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ComfortDelGro Last:1.29 -

COMFORT DELGRO - MOVING FORWARD

SGX Penny Stocks (EW Charts by sgYuan):
comfortdelgro day
dn 14.6 144 hold wc ext or w3 up

SgYuan:
comfortdelgro day
w3 up 151 hit 152
dn 14.6 150 hold best
w3 up next fib 154

Just realised that CDG is one of top 10 institutional net buy last week. The slow and steady price increase validates the trend.

40% of volume today are shorts. Building up.

Entropy72 ( Date: 21-Sep-2024 02:09) Posted:

50% volumes on 20 Sep were short sells. This is building up for a surge.

Entropy72 ( Date: 12-Sep-2024 18:34) Posted:

Same pattern as SingTel.

Daily short volumes have been increasing the past few days. But price still rises. Short sellers think they found a good target and increase their short positions. When institution buy volume continues to overwhelm the sellers / short sellers, the circuit will kick in and propel CDG to new high.

Old news. LTA will announce the operator for JRL and/or CRL by end of 2024.

The recent major disruption on EW and Circle lines are unfortunate and caused much upheaval in many commuters lives.

The reality is it will probably tilt the tender in favour of SBS transit.

????

Tenders Called to Appoint Operators for Jurong Region Line and Cross Island Line

News Releases 09 May 2023

The Land Transport Authority (LTA) has called tenders to appoint operators for the upcoming Jurong Region Line (JRL) and Cross Island Line (CRL).

2. The JRL will support the growth of the Jurong area while the CRL will connect major hubs that are under development in the eastern, western, and north-eastern parts of Singapore such as Jurong Lake District, Punggol Digital District and Changi region.

3. The successful tenderers will be paid a service fee to operate and maintain the JRL and CRL for the first licensing period of nine years, with the possibility of a two-year extension. During the first licensing period of the JRL and CRL, the Government will bear fare revenue risk under the same model as the Thomson-East Coast Line (TEL), given the higher fare revenue and ridership uncertainty in the initial years of operation for such new lines.

4. Upon the expiry of the licence, LTA will review the model for subsequent rail operator licences, taking into consideration the viability and ridership of the lines.Tenders to be called concurrently, with limited participation by foreign operators allowed

5. The tender will be limited to existing rail operators in Singapore ? SMRT Trains and SBS Transit Rail.

6. Foreign operators will be allowed to participate in the JRL and CRL operator tenders as minority partners of joint ventures with SMRT Trains or SBS Transit Rail. The calibrated participation of foreign operators will strengthen our domestic operators? capabilities in operation and maintenance.

7. The tenders to appoint the operators for both lines will be called concurrently. Nonetheless, each bid for each line will be assessed on its own merits, including quality and price. This approach increases the value of the tender and encourages both bidders to submit more competitive bids by taking into account potential savings in the event both lines are operated by the same operator.

8. Subject to the assessment of bids, LTA may award licenses for both lines, or for only JRL, by end of 2024. This would provide sufficient time for operators to ramp up their operations before the initial phases of these lines commence passenger service in 2027 and 2030 respectively. If only the JRL tender is awarded in this round, LTA will appoint the CRL operator at a later juncture.

50% volumes on 20 Sep were short sells. This is building up for a surge.

Entropy72 ( Date: 12-Sep-2024 18:34) Posted:

Same pattern as SingTel.

Daily short volumes have been increasing the past few days. But price still rises. Short sellers think they found a good target and increase their short positions. When institution buy volume continues to overwhelm the sellers / short sellers, the circuit will kick in and propel CDG to new high.

Time for CDG to surge!

One mouth 5,723,200 swallowed

Approaching 1.5.

The increase in fares go to government rather than the operators? Operators are paid only based on the contract signed with government.

Asdfgh101 ( Date: 09-Sep-2024 21:45) Posted:

Here we go more good news to get COMFORTable: SINGAPORE: Bus and train fares will go up by 10 cents per journey for adult commuters from Dec 28, the Public Transport Council (PTC) announced on Monday (Sep 9) after its annual fare review exercise. For concession card holders such as students, seniors and people with disabilities, their public transport fares will increase by 4 cents per journey. ADVERTISEMENT There will be no changes for people who travel with monthly passes. Overall, fares will go up by 6 per cent - less than the 7 per cent increase last year when adult fares rose by 10 to 11 cents per journey. Lower-income households will get public transport vouchers, which can be used to top up fare cards or buy monthly passes. The vouchers this year will be worth S$60 each, compared with the S$50 in vouchers provided last year. ADVERTISEMENT The income criteria for the vouchers will also be raised and made available to households with a monthly household income per person of not more than S$1,800, up from the previous S$1,600. An additional 60,000 households will stand to benefit from the vouchers as a result. WHY FARES ARE GOING UP Explaining the increase, the PTC - Singapore's regulator for public transport fares - said the decision was driven by core inflation and wage growth in 2023. But this was partially moderated by a drop in energy prices from a peak in 2022. These three factors form part of PTC's fare adjustment formula, which derived a 3.3 per cent increase in fares based on inflation, wages and energy prices. On top of that, there is a deferred fare increase quantum of 15.6 per cent from previous years, meaning the maximum allowable fare adjustment this round is 18.9 per cent. ADVERTISEMENT The PTC then decided on a 6 per cent rise, which is less than one-third of the maximum allowable fare increase. This is to cushion commuters from the full fare increase, with the agency saying that it understands that the cost of living remains a concern for Singaporeans. Chairperson of the PTC Janet Ang said the reason for the deferred fare quantum of 15.6 per cent was because the agency did not grant the maximum allowable increase ?as much as we can? to ease the impact on commuters. ?As a result, the deferred quantum from previous years has accumulated, due to sharp increases in energy prices in 2021 and 2022, elevated core inflation, and strong wage growth,? she said. This is the second fare review exercise under the new fare adjustment formula that was announced in April last year. The new formula is aimed at keeping fares affordable and less volatile, the PTC said then, as two components were fixed to reduce swings in fare changes.

Thanks for the intel on Conman.

Yes, CDG deserves a place in STI.
Spinning off Australia or European unit is also on the radar.

Asdfgh101 ( Date: 05-Sep-2024 09:21) Posted:

goes by multiple monikers now and one of them is Leroy...CDG should be going back into the STI once TH decides to come in and push it like Singtel (vis q vis Singtel is much more leveraged than CDG), target within next 24 mths for price to be back tp above $1.70 with a annual 4% to 5% dividend yield...have to thank BYD for coming in SG and for CDG to build more charging ports

Entropy72 ( Date: 05-Sep-2024 00:09) Posted:

Wonder if Conman still around ? He has disappeared for more than a year. The most negative CDG hater and strong supporter of Grab

goes by multiple monikers now and one of them is Leroy...CDG should be going back into the STI once TH decides to come in and push it like Singtel (vis q vis Singtel is much more leveraged than CDG), target within next 24 mths for price to be back tp above $1.70 with a annual 4% to 5% dividend yield...have to thank BYD for coming in SG and for CDG to build more charging ports

Entropy72 ( Date: 05-Sep-2024 00:09) Posted:

Wonder if Conman still around ? He has disappeared for more than a year. The most negative CDG hater and strong supporter of Grab.

Conman ( Date: 12-Jul-2023 12:07) Posted:

Guru, are you impressed of the 'New Management''s Micro jump-start of its stalled engines?

Small unknown PHV App in a small UK town also want to buy. Join a Chinese company as a joint venture but build only 50 charging points. Now, want to be a sole distributor of a Chinese EV car company but only aim to sell 100 vans by 2024 while catching mosquitos most of the days.

Next announcement I guess is starting a trishaw business in Clark Quay 🤣

Wonder if Conman still around ? He has disappeared for more than a year. The most negative CDG hater and strong supporter of Grab.

Conman ( Date: 12-Jul-2023 12:07) Posted:

Guru, are you impressed of the 'New Management''s Micro jump-start of its stalled engines?

Small unknown PHV App in a small UK town also want to buy. Join a Chinese company as a joint venture but build only 50 charging points. Now, want to be a sole distributor of a Chinese EV car company but only aim to sell 100 vans by 2024 while catching mosquitos most of the days.

Next announcement I guess is starting a trishaw business in Clark Quay 🤣

Entropy72 ( Date: 12-Jul-2023 11:39) Posted:

New leadership is clearly embarking on overseas rail/bus expansion (ANZ and Europe), EV (distributorship, servicing, charging infra), corporate mobility services (staff and tertiary student transport), and consumer P2P transport platform (Zig, PHV and taxi rentals). SBS Transit will focus on new MRT lines plus preserving its bus parcels (though LTA wants to groom Go Ahead and Tower Transit).

They are not sitting still, though impact on bottom line is still unclear now. Wait for Aug results announcement and maybe look forward to generous dividends.

Still quite far from your 20 cents proclamation.

? Had the contracts been awarded on Jan 1, 2023, CDG&rsquo s earnings per share (EPS) for FY2023 would have been at 8.99 cents from 8.33 cents originally.?

8% increase in EPS from this one deal - nice!

Joelton ( Date: 04-Sep-2024 16:32) Posted:

ComfortDelGro wins three bus franchises worth $1.4 bil in Victoria, Australia

ComfortDelGro (CDG), through its Australian subsidiary, ComfortDelGro C52 0.00% Corporation Australia, has won three bus franchises within the Victorian Department of Transport and Planning&rsquo s Metropolitan Zero Emission Bus (ZEB) Franchises tender process. There were a total of five contracts up for tender.

The three franchises are worth around A$1.6 billion ($1.4 billion) over 10 years. Under the new franchises, which comprise 250 public bus and school routes serviced by over 360 buses, buses and depots are funded as part of the contracts and will transition to full ZEB operations prior to the end of the contract term. The term will commence on July 1, 2025.

The latest win will see CDG increasing its market share in the state by 30% CDG will serve 20% of Melbourne&rsquo s metropolitan network upon the start of the contract.

&ldquo We are delighted to have been awarded the three franchises in Victoria. This significant expansion will add resilience to our portfolio and solidify the group' s position as a leading bus and multi-modal transport provider in Australia. We look forward to continuing to serve the local community by providing safe and reliable services,&rdquo says CDG&rsquo s managing director and CEO Cheng Siak Kian.

&ldquo The award of these zero-emission bus tenders in Melbourne underscores our commitment to electrifying our fleet and reducing our environmental footprint. We are proud to support governments in building safe, reliable, and sustainable transportation systems for the communities they serve,&rdquo adds CDG&rsquo s chairman Mark Greaves.

On a pro forma basis, had the contracts been awarded on Dec 31, 2023, CDG&rsquo s net asset value (NAV) per share would have been slightly higher at $1.21 for FY2023 ended Dec 31, 2023, from $1.20.

Had the contracts been awarded on Jan 1, 2023, CDG&rsquo s earnings per share (EPS) for FY2023 would have been at 8.99 cents from 8.33 cents originally.

LHN releases 3QFY2024 business updates maintains &lsquo robust&rsquo momentum in core business segments

Real estate management services company, LHN Group, has released its 3QFY2024 business updates, citing a &ldquo robust&rdquo momentum in its core business segments.

As at June 30, LHN has achieved overall occupancy rates of over 90%, which spans across its portfolio of industrial, commercial and Coliwoo co-living properties.

The group has also secured 2,401 keys within its co-living Singapore projects, comprising master lease projects and owned or joint ventures at 1,851 keys and 550 keys, respectively.

In 3QFY2024, LHN has since secured 28 new facilities management contracts.

Moving forward, the group has launched several new projects which include properties at 268 River Valley and 288 River Valley.

Both projects offer a combined total of 69 keys and are set to operate in 4QFY2024. Another project at 48 & 50 Arab Street, which will add 26 keys to the group, is expected to become operational in 1QFY2025.

See also: ASL Marine reports FY2024 earnings of $3.9 mil, 10.6% higher y-o-y

Other projects in the group&rsquo s pipeline include a property development project in a food processing industrial development at 55 Tuas South Avenue 1. The group is currently in the midst of obtaining a Temporary Occupation Permit and the property is expected to be ready for sale in September 2024.

Within its energy business segment, the group has achieved a total solar energy capacity of 6 megawatts as at June 30.

It has also secured a new contract to install and operate electric vehicle (EV) charging points as well as three solar energy contracts with a combined capacity of approximately 0.8 megawatts.

As at June 30, the group is operating 17 EV charger points as well as over 25,000 car park lots in Singapore and over 1,000 lots in Hong Kong.