Shares & Derivatives
ComfortDelGro Recently Snagged a $1.1 Billion Rail Contract: Should Investors Rejoice?
By The Smart Investor  •  September 1, 2021
ComfortDelGro Corporation Limited (SGX: C52), or CDG, is seeing some recovery in its operations after a tepid year and a half. One of the world’s largest transportation companies, the group owns a fleet of around 40,000 buses, taxis and rental vehicles with operations that span seven countries including Singapore, Australia and the UK. The group recently reported a turnaround for its latest fiscal 2021 half-year results (1H2021), chalking up a net profit of S$91 million, a sharp reversal from a net loss of S$6.6 million in the prior year. However, CDG continues to reinvent itself as it undertakes a broad-based strategic review aimed at unlocking value for its shareholders. The group surprised the market last week with the announcement of the award of a S$1.1 billion rail contract in Auckland, New Zealand. However, shares of CDG have remained lacklustre this year, remaining flat year-to-date despite improved sentiment and better economic conditions....
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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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