Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul><li>RHB anticipates Info-Tech will gain from the government's AI initiatives.</li><li>DBS's Mittal keeps 'buy' rating on Singtel after Gulf Development stake sale.</li><li>UOB Kay Hian maintains 'buy' on Food Empire, target price at $3.49.</li></ul>

RHB anticipates Info-Tech will gain from the government's AI initiatives.DBS's Mittal keeps 'buy' rating on Singtel after Gulf Development stake sale.UOB Kay Hian maintains 'buy' on Food Empire, target price at $3.49.

Singapore Market Roundup (23-Jun-2026): RHB expects Info-Tech to benefit from government AI plans.

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>1Q26 result was poor, missing expectations thanks to the deceleration in the private hire and taxi business that has the highest margin. </li>
<li>The conflict in the Middle East exposed <a href="https://www.smartkarma.com/entities/comfortdelgro-corporation-limited" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">ComfortDelGro (CD SP)</a> stable airport route through its corporate package in CabCharge. </li>
<li>Comfortdelgro is plugged in to the Robotaxi ecosystem and will benefit from this going forward. </li>
</ul>


1Q26 result was poor, missing expectations thanks to the deceleration in the private hire and taxi business that has the highest margin. 
The conflict in the Middle East exposed ComfortDelGro (CD SP) stable airport route through its corporate package in CabCharge. 
Comfortdelgro is plugged in to the Robotaxi ecosystem and will benefit from this going forward. 


Comfortdelgro (CD): Normalization Is Coming and Robotaxi

Director and Founding Member, Corporate Monitor Limited

Tan Yee Peng

Director and Founding Member

Strengthening Corporate Performance

Corporate Monitor Limited

Corporate Monitor was established to encourage better performance of companies, particularly companies listed on the SGX, and hold their management and boards to account, for the benefit of their shareholders and stakeholders.

<ul>
<li>ComfortDelGro (CDG) reported improved revenues and net profits for 2025, and declared higher dividends.</li>
<li>At first glance, the results were impressive: revenues increased by 13.0% year on year to S$5.06 billion, a milestone for CDG.</li>
<li>Profit after tax and minority interests amounted to S$230.3 million, a 9.4% increase. </li>
</ul>


ComfortDelGro (CDG) reported improved revenues and net profits for 2025, and declared higher dividends.
At first glance, the results were impressive: revenues increased by 13.0% year on year to S$5.06 billion, a milestone for CDG.
Profit after tax and minority interests amounted to S$230.3 million, a 9.4% increase. 


Comfortdelgro: FY 2025 Headlines Are Not as Good as They Look

<ul>
<li>
<a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Corp (CD SP)</a> provides a calm, stable investment that is much needed during this volatile period. </li>
<li>It has also been a stable income generator through its 6% dividend, while its peers generate lower yields or none. </li>
<li>Comfort is also able to pass on any increase in oil prices to its customers due to its indexation contract thus it is rather immune to oil price fluctuation. </li>
</ul>



Comfortdelgro Corp (CD SP) provides a calm, stable investment that is much needed during this volatile period. 
It has also been a stable income generator through its 6% dividend, while its peers generate lower yields or none. 
Comfort is also able to pass on any increase in oil prices to its customers due to its indexation contract thus it is rather immune to oil price fluctuation. 


<ul>
<li>Centurion expects significant growth in FY2029 from two new PBWA sites.</li>
<li>Lim &amp; Tan keeps 52-cent TP on Lum Chang Creations, cuts FY2027 revenue and profit forecasts.</li>
<li>CGS International raises Q&amp;M Dental's target price to 76 cents via acquisitions.</li>
</ul>


Centurion expects significant growth in FY2029 from two new PBWA sites.
Lim &amp; Tan keeps 52-cent TP on Lum Chang Creations, cuts FY2027 revenue and profit forecasts.
CGS International raises Q&amp;M Dental's target price to 76 cents via acquisitions.


Singapore Market Roundup (04-Sep-2026): Centurion anticipates major growth in FY2029 from new

Singapore

ComfortDelGro is a multinational land transport company that offers a comprehensive suite of transportation solutions, including bus, rail, taxi, car rental and leasing, and automotive engineering services. The company also provides inspection and testing services, driving instruction, and outdoor advertising. Headquartered in Singapore, ComfortDelGro was formed on March 29, 2003, through the merger of Comfort Group and DelGro Corporation.

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ComfortDelGro (CD SP)

Singapore Market Roundup (23-Jun-2026): RHB expects Info-Tech to benefit from government AI plans.

RHB expects Info-Tech to benefit from government AI initiatives. DBS's Mittal maintains 'buy' on Singtel post Gulf Development stake sale; UOB Kay...

Singapore Market Roundup

Comfortdelgro (CD): Normalization Is Coming and Robotaxi

1Q26 results. Middle East conflict exposed stable airport route through corporate package in CabCharge. Normalization is coming and Robotaxi too...

Henry Soediarko

Comfortdelgro: FY 2025 Headlines Are Not as Good as They Look

ComfortDelGro (CDG) reported improved revenues and net profits for 2025, and declared higher dividends. At first glance, the results were...

Corporate Monitor Limited

Comfortdelgro (CD): Away from the War

Comfortdelgro Corp (CD SP) offers a stable investment with a 6% dividend yield, immunity to oil price fluctuations, and a calm presence in a...

Henry Soediarko

Singapore Market Roundup (04-Sep-2026): Centurion anticipates major growth in FY2029 from new

Centurion anticipates growth in FY2029 from new PBWA sites. Lim & Tan maintains 52-cent TP for Lum Chang, lowering FY2027 forecasts. CGS raises Q&M...

Singapore Market Roundup

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Singapore Market Roundup (23-Jun-2026): RHB expects Info-Tech to benefit from government AI plans.

RHB expects Info-Tech to benefit from government AI initiatives. DBS's Mittal maintains 'buy' on Singtel post Gulf Development stake sale; UOB Kay...

Singapore Market Roundup

Comfortdelgro (CD): Normalization Is Coming and Robotaxi

​1Q26 results. Middle East conflict exposed stable airport route through corporate package in CabCharge. Normalization is coming and Robotaxi too...

Henry Soediarko

Comfortdelgro: FY 2025 Headlines Are Not as Good as They Look

ComfortDelGro (CDG) reported improved revenues and net profits for 2025, and declared higher dividends. At first glance, the results were...

Corporate Monitor Limited

Comfortdelgro (CD): Away from the War

​Comfortdelgro Corp (CD SP) offers a stable investment with a 6% dividend yield, immunity to oil price fluctuations, and a calm presence in a...

Henry Soediarko

Singapore Market Roundup (04-Sep-2026): Centurion anticipates major growth in FY2029 from new

Centurion anticipates growth in FY2029 from new PBWA sites. Lim & Tan maintains 52-cent TP for Lum Chang, lowering FY2027 forecasts. CGS raises Q&M...

Singapore Market Roundup

1Q26 results. Middle East conflict exposed stable airport route through corporate package in CabCharge. Normalization is coming and Robotaxi too...

Comfortdelgro Corp (CD SP) offers a stable investment with a 6% dividend yield, immunity to oil price fluctuations, and a calm presence in a...