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Investors’ Corner

ComfortDelGro’s (CDG) average daily bus ridership in Aug-09 declined by 3.1% y-o-y to 2.3m. Average daily rail ridership grew by 4.3% y-o-y to 0.4m. Overall ridership figures continues to trend weaker partially due to the high base effect. YTD, average daily rail and bus ridership have increased by 6.2% y-o-y and -1.6% y-o-y respectively. We have revised our FY09E ridership forecasts for rail from 8% to 6% and bus from 4% to -1%.

  • 02 October 2009
  • Investors' Corner
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