Market Review and Trends
Top Stock Market Highlights of the Week: ComfortDelGro Corporation, iFAST and China’s Bank Reserve Ratio
By The Smart Investor  •  January 27, 2024
Welcome to this week’s edition of top stock market highlights.

ComfortDelGro Corporation Ltd (SGX: C52)

ComfortDelGro, or CDG, through its joint venture with Go-Ahead Group, Connecting Stockholm, of which it owns a 45%-stake, was awarded a contract by the Stockholm Public Transport Administration, Trafikförvaltningen, to operate and maintain the Stockholm Metro. This contract marks the land transport group’s first rail contract in Sweden and will become its largest rail passenger operation outside of Singapore. Operations are slated to commence in May 2025 and the contract will last for 11 years. Connecting Stockholm will operate and maintain all of Stockholm Metro’s seven lines which include 100 stations, six depots, and 107 kilometres of track. As the appointed rail operator, CDG is responsible for customer service, the planning and delivery of rail services, and equipment and facility maintenance. The contract is also structured to account for the potential development and expansion of Stockholm Metro in the future....
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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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