Shares & Derivatives
Comfortdelgro Reinvents Itself: Here’s What Investors Should Know
By The Smart Investor  •  June 24, 2021
Being a land transport conglomerate during a pandemic is no easy task. Just ask ComfortDelGro Corporation Limited (SGX: C52), or CDG. While the country is back in Phase 3 again, work-from-home remains the default, reducing demand for public transportation and taxi service.. CDG is coping with the situation the best it can. For its fiscal 2021’s first quarter (1Q2021), the transport giant reported a slight 0.7% year on year decline in revenue to S$856.3 million. With a boost of S$33.4 million in COVID-19 reliefs, CDG’s operating profit rose by 45.4% year on year to S$81.3 million. Without these reliefs, operating profit would have dipped by 14.3% year on year to S$47.9 million. The group has, however, announced a strategic review last month to transform its business. What does this reinvention entail? And should investors get excited over this news?...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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