Wolf Money(5 things you need to know about ComfortDelGro’s agm held on the 25th April 2025)
This year’s edition was held in Suntec City where the company welcomed 400 shareholders. I am excited to share my observations. Below are the 5 things you need to know about ComfortDelGro’s agm 2025.
1.) Let me start with the all important buffet. There was no buffet, but shareholders were given a bento set. I had the vegan set. It was quite unique. It is an adventure for my tongue to try something new. The bento was packed beautifully. All the greens you would associate with a vegan meal are all there. It is not too shabby to have it once in a while, but I wouldn’t recommend having it every day. Bento rating 6/10. The non-vegan bento yakitori set looks a lot better.
2.) The Chairman and CEO took turns to address the crowd. They were very patient in answering shareholders’ questions. Many questions about CDG recent acquisitions were asked. The management reassured prudences when they decided to do a deal. In their words, all acquisitions done recently were made with careful considerations.
3.) I had a one-on-one chat with CEO Cheng. We had a frank discussion on the prospect of the company. He was able to answer most of the questions to his best ability without disclosing financial numbers. He mentioned the acquisitions were done with many considerations. The acquisitions will be accretive to CDG. Far from the market impression, CDG didn’t overpay for Addison Lee.
4.) There were questions posted by some shareholders on SBS transit to ESG, the business environment in Australia and the UK are worthy of an audience. The Chairman is quietly confident, asking shareholders to be patient as they will be announcing result around early May. He will let the results do the talking.
5.) In summary, the management handled the questions well. Given the changes to the company logo. I could sense the quiet confidence within the company. The combination of CMAC and Addison Lee will create new opportunities for CDG. The Addison Lee brand is well-liked by corporate clients, especially those in the banking sector where comfort and safety must meet the highest standards. The drop in the Australian business was due to shortage of driver. The company is firing at all front with contract after contract win in FY24. All those contracts will start to improve bottomline in FY25.
I am glad to have a better understanding of CDG’s business after attending the agm. God bless!
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