ComfortDelGro

[winston]

Not vested. How would high oil prices affect them ?

Singapore Hot Stocks-ComfortDelgro up on DBS's upgrade to "buy"

SINGAPORE, Nov 15 (Reuters) - Shares of Singapore-listed transport operator ComfortDelgro rose as much as 2.1 percent on Monday after DBS Vickers upgraded the firm to "buy" from "hold" and raised its target price to S$1.79 from S$1.65.

At 0333 GMT, ComfortDelgro shares were up 1.4 percent at S$1.48 on a volume of 2.3 million shares. The broader Straits Times Index, on the other hand, was down 0.3 percent.

"DBS had an upgrade and ComfortDelgro is a defensive play because it is in the more stable business of transport," said a local trader.

DBS said ComfortDelgro is the likely candidate to clinch Singapore's Downtown Line rail network contract and the firm's Singapore operations are poised to benefit from the improved public transport infrastructure.


Source: Reuters

[tonylim]

Will ComfortD book some extra ordinary gain in this FY ?

By Dylan Loh | Posted: 22 November 2010 1634 hrs

SINGAPORE: Bus commuters have been overcharged some $300,000 since distance-based fares kicked in on 3 July.

This was revealed after an island-wide bus stop review by the Land Transport Authority (LTA) found errors in actual distances measured between bus stops.

Commuters have also been undercharged some S$100,000 in the same period due to these mistakes.

About 150 bus services have been affected by the errors. They ply routes passing some 100 bus stops across the island.

LTA says all errors will be corrected by Friday.

Commuters who have been overcharged will have a six-month window from 18 December to obtain refunds.

Notices will be put up at affected bus stops and bus interchanges from Tuesday on how commuters can get the refunds.

The public transport operators will bear the costs of undercharging.

- CNA/ir

[winston]

Not vested

ComfortDelgro continues to look attractive at less than 13x FY11F EPS vs SMRT’s 19x FY Mar12 earnings. 

We roll forward our valuation basis to FY11 and raise our target price to $2.08, based on 17x earnings. BUY.
 
http://www.remisiers.org/cms_images/ssu17122010ke.pdf

[winston]

Not vested

COMFORTDELGRO - Singapore's ComfortDelGro said its subsidiary in China has been awarded 800 new taxi licences by the Chengdu Municipal government, making it the second largest taxi operator in the city with 1,050 taxis.

Source: Reuters

[winston]

Just noticed that Silchester International Investors LLP has reduced their stake from 9.996% to 8.999%

[winston]

Not vested

ComfortDelGro Corp. (CD SP): The biggest operator of taxis and buses in Singapore will report its full-year earnings tomorrow.

The company is expected to report a net income of S$233 million ($181 million), according to the average estimate of 14 analysts compiled by Bloomberg.

That compares with S$219.5 million in 2009. The shares were unchanged at S$1.56.


Source: Bloomberg

[winston]

Not vested

COMFORTDELGRO - Singapore transport operator ComfortDelGro said on Monday its net profit for the full year ended Dec 31, 2010, rose 4.1 percent to S$228.5 million ($178.2 million) from a year ago partly helped by a stronger operating margin.


Source: Reuters

[winston]

Not vested

Transfort operator ComfortDelGro said its first quarter net profit fell 7.7 percent from a year earlier to S$50.1 million, due to a rise in operating expenses as a result of higher fuel and electricity costs.


Source: Reuters

[winston]

Not vested

Singapore Hot Stocks-ComfortDelGro up on defensive play, valuation

SINGAPORE, Aug 24 (Reuters) - Shares of Singapore transport operator ComfortDelGro rose as much as 3.5 percent, outperforming a weak market, on Wednesday as traders sought defensive stocks and as the counter was looking cheap.

At 0435 GMT, ComfortDelGro shares were trading at S$1.35 with 3.6 million shares changing hands. In comparison, the broader Straits Times Index <.FTSTI> was 0.5 percent lower.

"This stock is a defensive play and it is looking quite attractive on a price-to-book basis," said a local trader.

UOB Kay Hian said in a report that ComfortDelGro was trading at or below its price-to-book valuation during the global financial crisis in 2008/2009.

However, CIMB Research said there are headwinds from limited pricing power amid cost inflation, especially from fuel and staff costs, as well as moderating ridership increase in the event that the Singapore government tightens immigration growth.

Source: Reuters

[neutralguy]

@fair value for LT investor.