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    C52   SG1N31909426

COMFORTDELGRO CORPORATION LIMITED

(C52)
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WHSP, Singapore's ComfortDelGro pause Australia IPO plans for units

11/11/2021 | 02:06am EST
FILE PHOTO: ComfortDelGro's taxis are parked at their vehicle inspection yard in Singapore

(Reuters) - Investment house Washington H. Soul Pattinson and Singapore transport firm ComfortDelGro have decided against pursuing an Australian listing for their units, citing adverse market conditions in the country.

Washington. H Soul said on Thursday it would not proceed with the IPO process for its copper and zinc mining unit Round Oak Metals, a day after ComfortDelGro ended its own plans to list its Australian unit.

While the Australian company cited "current market conditions" for its move, Singapore-listed ComfortDelGro said IPO conditions in Australia had become more challenging and other strategic options had come up.

The decisions made by the two firms comes just weeks after Las Vegas-based slot machine maker Scientific Games Corp chose to sell its lottery business to Canada's Brookfield Asset Management rather than list.

Australia's stock market is off by about 4% from the record peak hit in August, as the economy recovers and investors price in the winding down of unprecedented fiscal and monetary measures.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Ramakrishnan M.)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COMFORTDELGRO CORPORATION LIMITED -0.73% 1.36 Delayed Quote.-2.86%
SCIENTIFIC GAMES CORPORATION -0.34% 61.3 Delayed Quote.-8.27%
WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED -3.34% 29.27 Delayed Quote.-1.15%
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Financials
Sales 2021 3 518 M 2 611 M 2 611 M
Net income 2021 170 M 126 M 126 M
Net cash 2021 515 M 382 M 382 M
P/E ratio 2021 17,2x
Yield 2021 3,66%
Capitalization 2 947 M 2 187 M 2 187 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,61x
Nbr of Employees 24 025
Free-Float -
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Technical analysis trends COMFORTDELGRO CORPORATION LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 12
Last Close Price 1,36 SGD
Average target price 1,84 SGD
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
Ban Seng Yang Group CEO, MD & Non-Independent Director
Thong Hean Koh Group Chief Financial Officer
Jit Poh Lim Non-Executive Chairman
Eng Hoe Neo Group Chief Technology Officer
Wai Fun Sum Independent Non-Executive Director
Sector and Competitors