Can $ComfortDelGro(C52) regain its customers of taxi service? (guest post)
Brief Background of ComfortDelGro:
ComfortDelGro Corporation Limited is a Singapore-based investment holding and management services company. It operates in eight segments:
1) Bus & bus station
2) Rail
3) Taxi
4) car rental and leasing
5) automotive engineering services
6) inspection and testing service
7) driving centre and
8) insurance broking services and outdoor advertising.
Summary of ComfortDelGro’s recent financial performance:
The group maintains a steady growth of net profit despite a slight revenue decline caused by unfavourable currency translation this year. With the entrance and fierce competition brought by Uber and Grab, ComfortDelGro’s taxi business succeed to keep growing profitability. The five-year lowest P/E ratio indicates it is undervalued in a greater degree by the market. However, ComfortDelGro’s actions and measures towards issue of diesel tax and further competition are vital.
Recent Event:
10 Feb 2017 ComfortDelGro: ......