Companies Seeing New Developments that May Affect Trading of Their Securities
Koh Brothers Eco Engineering: Its wholly owned subsidiary bagged a S$313.9 million contract from the Land Transport Authority to design and construct a bus depot in Lorong Halus. Works will begin on Jan 6, 2025, and are expected to be completed by 2029. With the addition of the bus depot contract, on top of other recently secured orders, the group currently has an order book of about S$899.7 million, said the company on Wednesday. The counter closed 2.3 per cent or S$0.001 higher at S$0.044 on Tuesday.
New Developments in the Land Transport Sector
ComfortDelGro: The land transport operator is among several taxi and ride-hailing operators that will be raising their platform fees from Jan 1, 2025. On Tuesday, ComfortDelGro said the platform fee for its app Zig will be adjusted by S$0.30 to S$0.50, depending on the distance travelled and waiting time. Shares of ComfortDelGro ended S$0.01 or 0.7 per cent down at S$1.44, after the announcement.
Conclusion
In conclusion, two companies in the land transport sector have announced new developments that may affect the trading of their securities. Koh Brothers Eco Engineering secured a major contract to design and construct a bus depot, while ComfortDelGro will be raising its platform fees for its app Zig. These developments may impact the stock performance of these companies in the coming days.
Frequently Asked Questions
Q: What is the value of the contract secured by Koh Brothers Eco Engineering?
A: The contract is worth S$313.9 million.
Q: When will works begin on the bus depot project?
A: Works will begin on Jan 6, 2025, and are expected to be completed by 2029.
Q: What is the new platform fee structure for ComfortDelGro’s app Zig?
A: The platform fee will be adjusted by S$0.30 to S$0.50, depending on the distance travelled and waiting time.
Q: What was the reaction of ComfortDelGro’s stock price after the announcement?
A: Shares of ComfortDelGro ended S$0.01 or 0.7 per cent down at S$1.44, after the announcement.
