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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  ComfortDelGro Corporation Limited    C52   SG1N31909426

COMFORTDELGRO CORPORATION LIMITED

(C52)
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ComfortDelGro : Delta Electronics, Inc. - Delta Provides Fast DC EV Charging Solution to Singaporean Land Transport Operator ComfortDelGro

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07/15/2020 | 09:59am EDT

Singapore - Delta, a global leader in power and thermal management solutions, today announced the deployment of its Ultra Fast Charger to ComfortDelGro, a leading land transport operator in Singapore.

This Ultra Fast Charger unveiled on 1 July 2020 is the first of its kind in Singapore and the nation's fastest public commercial DC charger for taxis and EV owners.

Cecilia Ku, general manager of Delta Electronics Int'l (Singapore), said: 'Delta is deeply committed to fostering e-mobility given our long-term focus on sustainable development through our broad range of energy-saving solutions. With close to 50 years of expertise in high-efficiency power electronics and experience in energy management, Delta aims to provide customers a one-stop service to build a future-proofed, more versatile and energy-efficient EV charging infrastructure capable of optimizing charging service and energy efficiency.'

Ang Soo Hock, CEO of ComfortDelGro Engineering, said: 'While the interest in EVs continues to grow as more are looking to switch to greener options, charging time of EVs is still a key consideration. We hope that the introduction of faster charging solutions can help to alleviate those concerns and contribute to the development of a robust EV ecosystem in Singapore.'

Delta's Ultra Fast Charger has a modular and future-proof system design that can easily upgrade later up to 150kW output power and can charge up to four EVs at once (two DC charging ports and two AC charging). It is a multi-standard, non-discriminative charger suitable for all available EVs today and in the foreseeable future.

As a smart solutions provider in Singapore, Delta is supporting Singapore's electrification with its smart and efficient EV charging solutions that support e-Mobility in green smart cities of the future.

The 100 kW Ultra Fast Charger is located in ComfortDelGro Engineering's Loyang branch and can fast charge up to two vehicles at the same time. If two EVs are being charged simultaneously, the charging station's power output is at least 50kW, enabling each EV to get a full charge in approximately 30 minutes.

Contact:

Tel: +886-2-8797-2088

Fax: +886-2-8797-2338

Email: news@deltaww.com

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials
Sales 2020 3 333 M 2 439 M 2 439 M
Net income 2020 77,3 M 56,6 M 56,6 M
Net cash 2020 122 M 89,6 M 89,6 M
P/E ratio 2020 40,1x
Yield 2020 1,90%
Capitalization 3 012 M 2 202 M 2 204 M
EV / Sales 2020 0,87x
EV / Sales 2021 0,75x
Nbr of Employees 24 513
Free-Float 92,4%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 14
Average target price 1,74 SGD
Last Close Price 1,39 SGD
Spread / Highest target 40,7%
Spread / Average Target 25,5%
Spread / Lowest Target 8,63%
EPS Revisions
Managers
NameTitle
Ban Seng Yang Group CEO, MD & Non-Independent Director
Jit Poh Lim Non-Executive Chairman
Thong Hean Koh Group Chief Financial & Special Projects Officer
Eng Hoe Neo Group Chief Technology Officer
Wai Fun Sum Independent Non-Executive Director
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