Monthly Archives: March 2015

SMRT & Comfort Delgro : The Bulim Bus package

Posted on March 19, 2015 by Brennen

The Singapore Land Transport Authority (LTA) had just announced the bidders for the 1st bus transport package. SMRT appeared to be particularly aggressive bidding at an extremely low contract price of $93.7m distantly far below the next lowest bid, Comfort Delgro (CDG)’s … Continue reading →

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Cosco Corp – piles of debts, negative CF & decreasing profit

Posted on March 14, 2015 by Brennen

    Cosco presented yet another set of uninspiring financial results two weeks ago. Fundamentally, it seemed to have worsen. For the past 5 years, it has been suffering negative operational cash-flow. In fact, it appeared to have increased significantly particularly this financial … Continue reading →

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Midas – Heavy debt will be the main obstacle

Posted on March 7, 2015 by Brennen

The FY 2014 results has just been released and overall financial results seemed to have improved. The revenue had increased by 14.8% from RMB1148 to RMB1318m. The net profit attributable to shareholders improved even more at 18.1% from RMB47.7m to … Continue reading →

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Comfort Delgro – local and overseas business segments

Posted on March 3, 2015 by Brennen

Comfort-Delgro (CDG) report a set of good results before the Chinese New Year. All the business segments contributed positively to the final results and have been quite broad-based. The main revenue contributors were from the bus and taxi segments. The … Continue reading →

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