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Jessicalim
2021-11-11

Buy on dip?!

Hot stock: ComfortDelGro down as much as 3.7% after scrapping subsidiary IPO plans

SHARES of mainboard-listed ComfortDelGro tumbled as much as 3.7 per cent shortly after the market op

Hot stock: ComfortDelGro down as much as 3.7% after scrapping subsidiary IPO plans

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By 9.33 am, ComfortDelGro's shares were trading 2.5 per cent or S$0.04 lower at S$1.57, with 8 million shares changing hands.</p>\n<p>ComfortDelGro on Wednesday (Nov 10) said it is no longer pursuing an IPO for its wholly-owned Australian subsidiary ComfortDelGro Corporation Australia on the Australian Stock Exchange.</p>\n<p>The group noted that IPO conditions in Australia have become more challenging since August, when the group announced that it was considering listing ComfortDelGro Australia. It added that \"other strategic options\" have emerged but did not give details.</p>\n<p>ComfortDelGro Australia operates a total fleet of over 4,400 vehicles across Australia, making it <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the largest privately-owned bus operators there.</p>\n<p>Analysts had been positive on the IPO as they saw the potential for a special dividend for shareholders, as well as a re-rating of ComfortDelGro's shares.</p>","source":"lsy1636420184263","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot stock: ComfortDelGro down as much as 3.7% after scrapping subsidiary IPO plans</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot stock: ComfortDelGro down as much as 3.7% after scrapping subsidiary IPO plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-11 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/hot-stock-comfortdelgro-down-as-much-as-37-after-scrapping-subsidiary-ipo-plans><strong>The bussiness Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SHARES of mainboard-listed ComfortDelGro tumbled as much as 3.7 per cent shortly after the market opened on Thursday (Nov 11), after the transport operator shelved its initial public offering (IPO) ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/hot-stock-comfortdelgro-down-as-much-as-37-after-scrapping-subsidiary-ipo-plans\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C52.SI":"康福德高企业"},"source_url":"https://www.businesstimes.com.sg/stocks/hot-stock-comfortdelgro-down-as-much-as-37-after-scrapping-subsidiary-ipo-plans","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107552488","content_text":"SHARES of mainboard-listed ComfortDelGro tumbled as much as 3.7 per cent shortly after the market opened on Thursday (Nov 11), after the transport operator shelved its initial public offering (IPO) plans for its Australian subsidiary.\nThe counter lost S$0.06 to reach a low of S$1.55 as at 9.12 am. 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