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Singapore Stocks to Watch: ComfortDelGro, Sats

Tiger Newspress2023-01-11

The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 11):

ComfortDelGro (C52): Land transport operator ComfortDelGro committed a US$4 million investment in Ottopia, an Israeli company that develops teleoperation software for autonomous vehicles (AVs).

The investment will be made through the group’s US$100 million venture capital fund, and is the largest in Ottopia’s Series A funding round.

Tel Aviv-based Ottopia’s teleoperation technology is unique in its ability to remotely assist, guide and safely control fleets of AVs, said ComfortDelGro on Wednesday (Jan 11).

Sats (S58): Proxy advisory firm Glass Lewis said in a report published last Friday (Jan 6) that it believes the strategic and financial rationale for Sats’ acquisition of WFS is “largely sound”, and that it recommends Sats shareholders approve the deal.

Sats-WFS deal: Pro forma financials in circular show lower immediate boost to earnings, EPS.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment9

  • AcidIce
    ·2023-01-12
    No longer STI baby. Temasek dump already ANY STOCK will die! Just look at our precious water company Hyflux! It SHOULD have thrive & be the MOST valuable company in Singapore yet, now a victim of Temasek doings!
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  • ShareShare
    ·2023-01-11
    Look... Comfort is gradually dropping.  I guess it will drop below one dollar. I prepare to let go and buy in some others index stocks.  Is Comfort really that bad! [Spurting] [Spurting] [Spurting] 
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  • LEESIMON
    ·2023-01-11
    [爱心] ‌Have faith
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  • intheloop
    ·2023-01-11
    Got to be so patient with these stocks
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  • 120PL
    ·2023-01-11
    Hope for a handsome return in 2 years
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  • iamateh
    ·2023-01-11
    k
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  • skylander
    ·2023-01-11
    Cool
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  • Jasminephyo
    ·2023-01-11
    Ok
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  • Ramesh17
    ·2023-01-11
    Up la cdg
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