| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
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ComfortDelGro fundamentally strong but price weak
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investshare
Supreme |
15-Aug-2017 07:39
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BY KENNETH CHENG [email protected]: 4:00 AM, AUGUST 15, 2017 SINGAPORE ? Fresh from raising US$2 billion (S$2.72 billion) to fuel its growth, Grab is ramping up efforts to dominate the ride-hailing market and grow its payments platform. In the next few weeks, the firm will be doubling the pool of vehicles on its fixed-fare JustGrab platform to more than 100,000 through its social ride-sharing service GrabHitch, Grab?s Singapore country head Lim Kell Jay told TODAY. |
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BetterStill
Veteran |
14-Aug-2017 12:46
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Somewhere saw Philip securities TP $2.78 but unable to find the article. | ||||
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BetterStill
Veteran |
14-Aug-2017 12:43
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DBS Cuts Earnings Forecast on ComfortDelGro Amid Uber, Grab Competition -- Market Talk
0322 GMT - DBS cuts its earnings forecast on ComfortDelGro (C52.SG) by 2% for this year and by 8% for the next as the Singapore-listed transport firm trims its taxi fleet amid stiff competition from taxi-hailing apps such as Uber and Grab. "Given the current challenges, we understand that the company is introducing lesser new taxis than those it retires," DBS notes. This comes as ComfortDelGro's 2Q net profit slips 6.8% from a year ago. DBS cuts its target price on the stock by 16% to S$2.33 while keeping a hold call. It hopes that the company will gain from its geographical diversification and improved contribution from Singapore bus contracts and turnaround in its railway operations. ([email protected] @journosaurabh) (END) Dow Jones Newswires |
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MonkeyKingGod
Senior |
14-Aug-2017 11:36
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sorry. supposed to be 100 per lot, i still stuck in the 1000 per lot. my bad
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BetterStill
Veteran |
14-Aug-2017 11:34
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May I know nowadays when ppl talk about 'lot' means how many shares?
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MonkeyKingGod
Senior |
14-Aug-2017 10:48
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i also think average price plays an important role, if it falls from the 52 week high till now, your capital gain will suffer more than your dividend yield, I bought my lots last year at 2.69, and that cost me SGD 5k+ for 2 lots.  shall have to park it there for long term dividend yield to gain back. hopefully the financial market dont crash before that. 
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investshare
Supreme |
14-Aug-2017 10:13
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I think depend on your average price..
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marketreader
Member |
14-Aug-2017 09:56
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For disclosure i have about $70k worth of Comfort stock. My opinions not to ask anyone to buy or sell. Just sharing. I am a fundamental investor and take the quarterly earnings seriously to compare numbers with perception.  Comfort profits still holding up well. I personally take Uber and never look taxis another, but looks like their public transport business still growing. So perception is Uber will disrupt Comfort, but numbers still showing solid business fundamentals plus dividends and i like dividends as a minority investor. Public transport sector also protected by government for security reasons so it' s like a monopoly.   Always open to hear other' s opinions.  |
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MonkeyKingGod
Senior |
14-Aug-2017 09:12
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but at least we know that CDG is making $ grab CEO- we are profitable in some areas, but overall, we are unprofitable. funding from softbank Uber - one of the top loss making $, CFO resign, CEO force to go.  Time will tell. 
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Observers
Elite |
14-Aug-2017 07:58
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Don' t just look at Comfort only, to see the true effects of ride hailing apps on the taxi industry. See how it affects the weaker taxi companies. I heard SMRT even wants to jettison its taxi business. Btw does anyone feel that transcab and SMRT cabs have had their road presence reduced drastically of late? Almost seem like the only cab operator is Comfort, a testament to its strength as the incumbent.
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unique6
Member |
14-Aug-2017 02:05
Yells: "Good time no bad stocks. Bad times no good stock? " |
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Recent did a justgrab, a taxi came and share: biz affect badly.. many of them doing grab taxi in order don't need q 1 hour at airport or empty car wondering around..
But comfort already started flat fare thing. Better be late than never.. Also some taxi driver return taxi to drive grab! If u can't beat them, join them!! CDG 33% - taxi longer run still affected but maybe not so bad.. |
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edwinjup
Supreme |
13-Aug-2017 21:46
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There are so many people taking grab or uber even without promo code ..promo code are limited...we use to it. .just grab or uber...dont need wait at road side...dont need to pay cash ( use grabpay or credit card)...do u know use credit card to pay comfort..need to charge extra 10%..use net 30c...use grabpay. .no extra and got 5% off if spend $200
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investshare
Supreme |
13-Aug-2017 20:36
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One question, when passenger take Grab using promo code, does it help or hurt CDG?
We know Grab is burning money for those promo, but it does help them to gain market share. So shall CDG shareholders help by taking Grab using promo code? |
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KiLrOy
Elite |
13-Aug-2017 20:20
Yells: "I buy only what I can see." |
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Taxi is only 33% of their revenue and it does hurt if the 33% isnt scoring high marks. | ||||
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BetterStill
Veteran |
12-Aug-2017 19:59
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Think CDG did feel the pressure from price hire car but don't really take it that serious lah. Grab target is to kick Uber out not ruin tranditional taxi biz. So CDG managerment level still quite relax. For sure it's that they won't burn monies like grab or Uber de. For them profit always comes first cos got to answer to you all these fussy shareholders mah. See now profit drop liao still got to top up the dividends a bit to satisfy you all. | ||||
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BetterStill
Veteran |
12-Aug-2017 19:54
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Cannot meh? Every time I told the driver I am waiting at taxi stand there. No one says anything wat....
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Observers
Elite |
12-Aug-2017 19:50
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Some taxi stands double up as a pick up point. So hard to say is a taxi stand or a pick up point.
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sengsk
Elite |
12-Aug-2017 17:18
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Its because the FamiLEE got the share of Grab.
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bishan22
Supreme |
12-Aug-2017 16:15
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Grab car cannot use taxi stand for pick up and alight... why still allow grab car to operate... seow liao......
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unique6
Member |
12-Aug-2017 15:01
Yells: "Good time no bad stocks. Bad times no good stock? " |
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I see many many empty taxi while myself taking grab with the promo codes..
Consumers take the cheapest option. More storm ahead while the competition heats up. |
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