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Top Stock Highlights of the Week: SPH’s Swansong, acquisitions by ComfortDelGro and United Hampshire US REIT
By The Smart Investor  •  October 10, 2021
This week’s highlights take a look at acquisitions made by a blue-chip transport conglomerate, a REIT with overseas assets, as well as the latest full-year earnings (perhaps, the last) from Singapore’s media giant. ComfortDelGro Corporation Ltd (SGX: C52) ComfortDelGro, or CDG, is a land transport conglomerate that owns a fleet of around 40,000 buses, taxis and rental vehicles. The group operates in seven countries, namely Singapore, Malaysia, Australia, China, Ireland, Vietnam and the UK. This week, CDG announced that its wholly-owned subsidiary in Australia, Forest Coach Lines Pty Ltd, acquired the assets of a school bus business comprising five buses. The transport business operates in Narrabi, New South Wales, and the total consideration amounted to around S$1.96 million. With this acquisition, Forest Coach’s bus operations will expand to 21 buses, while CDG’s total Australian bus fleet will increase to near 2,500. This purchase will increase the scope of ComfortDelGro Corporation Australia’s (CDC)...
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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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