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ComfortDelGro
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ComfortDelGro
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junction
Senior |
27-Feb-2011 10:44
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It is rare to read a precise recommendation from you. You must be quite confident of this one. I think it is a very reasonable recommendation.
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iPunter
Supreme |
27-Feb-2011 10:42
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You are right... And many will obliviously picture themselves as a Chairman being driven around... 
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warrenbegger
Elite |
27-Feb-2011 02:31
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Thats is a good bet and advise. I agree too. But depend on market sentiment, if not it will keep drop bit by bit everday if STI dont rebounce. And cut lose if anything happen is a must!
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kier_w2002
Member |
27-Feb-2011 02:23
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After buying CD shares, getting into a cab never feels the same again...=D | |||||||||||||
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iPunter
Supreme |
26-Feb-2011 14:31
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Those who want to do a bet ComfortDelgro may buy @1.50 and sell @1.64. But if it falls below 1.49, then you must quickly dump it away, (no matter how soon or how late it falls there)... |
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kier_w2002
Member |
26-Feb-2011 14:23
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Judging from historical chart, quite doubtful that CD will even hit above $1.80 within the next 1 year. Wonder what is DBS's methodology in estimating $1.95? | |||||||||||||
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enghou
Senior |
25-Jan-2011 14:58
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DBS recommends BUY with Target Price at $1.95 ComfortDelGro announced that its subsidiary in Chengdu, Chengdu ComfortDelGro Taxi (CCDT) has been awarded 800 new taxi licences by the Chengdu Municipal Government. The Group will be ordering 800 new taxis and expects to roll these out by mid-2011. The estimated capex for the taxis is estimated to be about S$24m. With the new licences, the Group's total fleet of taxis in Chengdu will grow to 1,050, when all the 800 taxis are added. This will put CD as the second largest taxi operator in Chengdu city. Taxis contribute less than 1% to bottomline but it is a profitable business with c.30% margins. Maintain BUY and TP of S$1.95. Life Is Great |
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krisluke
Supreme |
10-Jan-2011 12:17
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SINGAPORE, Jan 10 (Reuters) - Shares of Singapore transport operator ComfortDelGro At 0403 GMT, Comfort DelGro shares were up 2.5 percent at S$1.63 on a volume of 7.2 million shares. BNP Paribas said it expects higher margins from ComfortDelGro's overseas businesses, such as its Australia bus operations as well as China taxi and bus stations, adding that its reduction of fuel subsidies at end-December is likely to buffer its margins. "For Singapore side, ComfortDelGro will have to take the ridership risks, so if the ridership does not grow their margins will be not as high accordingly," said Brenda Lee, an analyst at BNP Paribas who covers the firm. "But overseas it's based on fixed contracts. Whether there is sufficient ridership or not they can still continue to enjoy similar margins, and if they improve their service, the overseas governments can actually give them some rebates," she added. BNP Paribas said that based on its FY2011 estimates, ComfortDelGro trades at 13.6 times price-earnings ratio, a 25 percent discount to its closest peer SMRT Corporation (Reporting by Eveline Danubrata) ((eveline.danubrata@thomsonreuters.com)(+65 6403 5669) |
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krisluke
Supreme |
10-Jan-2011 12:06
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New123
Elite |
17-Dec-2010 12:45
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It has moved up from $1.46 to $1.56.I think is good to take some profit and wait for the next Technical indication. Comfort Delgro |
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bsiong
Supreme |
17-Dec-2010 09:52
Yells: "The Greatest Wealth is Health" |
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ComfortDelgro (CD SP, $1.55, BUY, TP $2.08) – With the purchase of Swan Taxis in Perth completed, ComfortDelgro is now reported to be among eight companies vying to operate 850 metro buses in Adelaide, the capital of South Australia. We are supportive of the group’s overseas acquisitions, particularly in Australia , as they are generally more lucrative than its domestic bus operations. We believe aggressive expansion of operations abroad is just the ticket needed for investors to re-rate the stock. /kim eng/ /i come i read i share FY reading/ |
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blueheat
Member |
16-Dec-2010 20:37
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i think don't waste time with this counter. lousy counter took me some time to clear it...
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enghou
Senior |
16-Dec-2010 16:40
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CIMB Technical Comment - recommends BUY • The stock broke out of its consolidation triangle pattern yesterday after trading sideways for the past 6 months. Trading volume also saw a nudge up, which bodes well for the bulls. • Supported by rising MACD and RSI as well as its moving averages, we think that this breakout could lead to a decent rally. • Traders can buy now with a stop placed below its swing low of S$1.47. This breakout run is likely to take prices higher towards S$1.69 and S$1.78-1.81 levels next. Life Is Great |
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teeth53
Supreme |
12-Dec-2010 00:41
Yells: "don't learn through life, learn to grow with life " |
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Given the size, Singapore and it population, How much futher can ComfortDelgro make profit in percentage term ?, even if it increases it rent, increases it car taxi population, increases it car owner reapir bill and so on...with it quota cut, less car population and with it limitation on it population, will it be worth two dollar, till BBs want to book their profit, perhap it can push and bump, then it will drop again - back to sq one. | |||||||||||||
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albeniz
Member |
11-Dec-2010 23:21
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The price of COE is shooting up the roof and is expected to rise further with the anticipated quota cut. Previously when COE was cheap, many car owners wouldn't hold on to their cars for too long as it was cheaper to buy new cars than to maintain/repair the old ones. With higher COE price, more car owners are holding on to their older cars and older cars need maintenance and repair. I would expect the workshop business for Comfortdelgro to be better. With such high COE price, people would prefer to take public transport than to buy car. Taxi business is expected to be good. I should think that the high COE price should directly or indirectly benefit Comfortdelgro. |
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teeth53
Supreme |
10-Dec-2010 21:09
Yells: "don't learn through life, learn to grow with life " |
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Was left wordering, isit Comfort worth that amount, value at two dollars by BBs who is sort of keen to let go at such value, the sooner the better in order to book their profit.
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teeth53
Supreme |
10-Dec-2010 21:02
Yells: "don't learn through life, learn to grow with life " |
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Given that GDP forecast for year 2011 is at 5.1% (strong by global std, but no match for this year's 15%). This is the median expectation of 22 economists in a survey released yesterday by Monetary Authority of Singapore (MAS). Forecast is also in line with gvot own 4% to 6% outlook for next year. |
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wongmx6
Veteran |
10-Dec-2010 20:57
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Earning for the past 2 years were poor, present price is consider overpriced. $1.20 is fair value to me... No buy.. |
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teeth53
Supreme |
10-Dec-2010 20:53
Yells: "don't learn through life, learn to grow with life " |
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1) Upgrade rating ComfortDelgro (CDR) to Outperform from underperform, raising target to S$2.00 from S$1.19. teeth53 thot - why so sudden jump from $1.19c to $2.00, a sudden jump of 68% in comfort value. 2) Strong economic growth and tourist arrivals in Singapore that account for 60% of revenues – and teeth53 thot - can more taxi ride will earn more, more earning for Comfort isit ?. 3) Positive developments such as the Downtown Line tender, the new taxi fleet in Singapore and an acquisition in Australia. teeth53 thot - Item 3 may not bring much earning for short term play or in year 2011. ComfortDelgro is seen always as a defensive stock and very likely to perform better then what is value today. Closed unchanged - $1.54c
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enghou
Senior |
10-Dec-2010 17:28
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Macquarie recommends a BUY with Target Price at $2 Event We upgrade our rating on ComfortDelgro (CDR) to Outperform from Underperform and raise our target price to S$2.00 from S$1.19. This is on the back of strong economic growth and tourist arrivals in Singapore that account for 60% of revenues – and positive developments such as the Downtown Line tender, the new taxi fleet in Singapore and an acquisition in Australia. We view CDR’s valuations as undemanding at 12.6x 2011E earnings and the underperformance versus the Straits Times Index of 16% YTD as unjustified. Our estimates are 6% each higher than consensus for 2011 and 2012. We transfer the stock coverage to Somesh Agarwal. Impact Riding on rising visits into Singapore: The opening of the integrated resorts (Resorts World and Marina Bay) combined with strong economic growth has boosted tourist arrivals by 18% in 2010 which in turn is boosting Singapore revenues, which form ~60% of the total. We believe if this trend continues, there is an upside risk to our 4% growth estimate for Singapore revenues in 2011. Near-mid term catalysts for strong growth in Singapore: CDR enjoys a duopoly market in Singapore aided by government’s drive for public transport. ⇒ In fray for the Downtown MRT line (DTL) tender: We estimate if CDR wins the contract in 6-9 months time, it could boost CDR’s rail network from the current 40km to 80km and raise revenues by 8–10% from 2013. ⇒ New Circle Line (CCL) could boost traffic on CDR’s North-East line: Rail ridership could get a boost from inter-connection post 2Q11. ⇒ Rising rentals and 0% idle rate in Singapore taxis: Rental rates have increased to ~S$105 from S$85-90 while usage rate is now at 100%. Robust growth in Australia to continue, aided further by acquisition: ⇒ S$15-20m in additional revenues with high margins: CDR recently acquired Swan Taxis in Perth (Nov ’10) with a fleet of 1,667 taxis. ⇒ Robust 25-35% growth in bus revenues due to new contracts: We expect 5-10% growth in ’11-12 driven by contracts in NSW and Victoria. Low gearing, high FCF implies a special dividend could be on its way: We believe the newly adopted 50% dividend payout policy is conservative. Low gearing (5% net debt / equity) and high FCF (~S$200m) indicates that the extra cash could be distributed in the form of special dividend in 2011–12. Earnings and target price revision New TP of S$2.00, up from S1.19. Price catalyst 12-month price target: S$2.00 based on a DCF methodology. Catalyst: Award of Downtown MRT Line contract Action and recommendation 6% ahead of consensus earnings for next two years: We believe risks from high fuel costs and weak sterling are well priced into the stock, while consensus is not fully appreciating the positive impact of strong tourist arrivals into Singapore and upside from new revenue streams (Swan Taxis, DTL etc). Wish you a nice weekend |
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