Shares & Derivatives
8 things I learned from the 2019 ComfortDelGro AGM
By The Fifth Person  •  June 4, 2019

ComfortDelGro Corporation Limited (CDG) is an integrated transport service provider with operations in Singapore, United Kingdom, Australia, China, Vietnam, and Malaysia. Its four key segments — public transport, taxi, automotive engineering and testing services — contributed over 97% of its 2018 revenue.

Most people know CDG as a taxi business that is being disrupted by ride-hailing platforms like Grab and Gojek. I had a similar impression until I did a deeper dive into the company’s business model. In reality, 70% of CDG revenues come from its majority stake in public transport operator SBS Transit, with a meagre 20% coming from its namesake taxi business. In fact, most of the acquisitions CDG made in 2018 were bus companies.

With this more accurate view of CDG’s business, I attended its 2019 AGM for insights on the company’s prospects. Here are eight things I learned from the 2019 ComfortDelGro AGM.

1. CDG’s

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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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