| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
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COMFORT DELGRO - MOVING FORWARD
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Conman
Elite |
18-Oct-2022 11:15
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Look like the dead cat bounce is over and gone 🥺 .
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Conman
Elite |
14-Oct-2022 11:51
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Guru, thanks for bringing out SOE, SMRT which is wholly owned by Temasek. SMRT being state-owned will have no issue of stock punters like you getting paid tax-payers' money in the form of dividends, twice a year. SMRT has all the train engineers who, jointly with LTA, designed our train system --- Not SBS Transit.
SMRT is our gov's trump card. Should any of the other 2 contractors chut pattern trying to be funny, it is ready to stage a management take-over over night. Only the big guns need to be replaced. And you wouldnt even see a different driver driving your bus to work the next morning. Temasek had given all in Singapore face masks and hand sanitizer many rounds in the pandemic. While SBS Transit gave its stock punters big fat dividends $$$ even at the height of the pandemic. You see the difference?
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Tempest
Master |
14-Oct-2022 11:04
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That's why he's called "conman" for a reason. Lol. Deceive ppl from selling when he buys, and ppl to buy when he sells. | ||||
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stonkmaster
Veteran |
14-Oct-2022 10:31
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why don?t you join the opposition? you are very convincing in your bullshit. sure can win many votes from clueless people.
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Conman
Elite |
14-Oct-2022 10:08
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Whenissued, you were unable to answer any of my points and the questions I raised but instead accused me of questioning the performance of the gov.
This being the case I will not prolong the discussion with you. But if SBST is really delisted, there will be impact to you as an investor. This is why this is a stock issue and not a gov issue. Related to this is Zoom Bee's Australian listing to 'release the value'. Until now we were not told why it was aborted. So I have to guess. If a transport operator is listed, there will be extra costs incurred ie,maintenance costs and dividend costs. If these extra costs are not absorbed by the gov, they will have to be passed on to the commuters. I guess this was why the Assie gov rejected the listing proposal. I may be wrong, but do you have a better explanation?
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Entropy72
Master |
14-Oct-2022 09:46
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Conman believes that state owned enterprises (SOE) is the best way forward to deliver superior service at low costs.
1. Privatize the commercial operators (he loves SMRT) under Temasek, so all dividends are retained under state 2. Avoid engaging commercial operators (such as CDG) who seek to profit / issue dividends to save tax payers money (no competition for his favourite SOE, sure way to incentivise innovation and efficiency ...) 3. Assume that public transport should be provided at low costs to public by SOE that operates as not-for-profit entity. 4. Everyone will WFH and avoid travelling, so public transport is a declining business. For those that travel, they will always go for his favourite Grab only and avoid taxis like plague. Flawed logic as we all can plainly see. But that comes from our 20-cents Conman that we all love 😄 Recent CDG weakness is also linked to the very strong SGD vs the very weak UK/AUD, which will reduce contribution (in SGD terms) from its overseas subsidiaries. Is this a cyclical or structural issue? That is for investors to assess and decide what to do with CDG.
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TikTalk
Supreme |
14-Oct-2022 09:37
Yells: "Anyone miss me?" |
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stonkmaster
Veteran |
14-Oct-2022 09:36
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where the con cow now? notice he usually very quiet when prices going up.
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Tempest
Master |
14-Oct-2022 09:34
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Congrats to those to proceed with the buy call at 1.25 few days back. Make donations ah | ||||
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whenissued
Member |
14-Oct-2022 08:50
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Conman, let me understand clearly that you are questioning the government and not about the stock itself? This is now off-topic as this is a share forum and focuses on the stock' s performance, and not the government' s performance.  If you think as a taxpayer that too much is paid to SBST, SMRT and Tower Transit, and the companies in turn churn out dividends which you think are impressive, then do what normal investors will do: buy the stock!  As for the non-stock issue (ie, government), if you have a better model in mind and that taxpayers would benefit, ie, pay less and get even far superior public transport, please highlight this to everyone of your feedback. All taxpayers will thank you. Otherwise, the current model remains the best solution possible.
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Conman
Elite |
13-Oct-2022 22:08
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Seba and Whenissued, both you have got me wrong.
The issue is not whether SBST is doing a good job or whether it would get more conyracts. The real issue is whether the gov can justify to the tax payers that SBST is paid so much money (for doing a big loss business financed by the tax payers) that it can pay for the costs of remaining listed and pay big fat dividends twice a year. SBST, SMRT and Towner Transit are all contractors. They dont pay for the trains, buses, rails and depots --- tax payers do. The business is a big loss even without considering the infrastructure and assets cocts. But the gov has to make sure that the contractors dont lose money so that they can perform the jobs. So is there any reason why SBST has to pay dividends? Is the gov paying it too much? Can the gov discount away the dividend amount from the contract fees it pays to this contractor? SBST is only doing this contract and no others. So why must it be listed to pay dividends? Looking at the miserable volumn traded everyday, there is no reason why it should remain listed anyway. |
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seba240698
Senior |
13-Oct-2022 20:33
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Why should government delist SBST and at the same time, allows 2 new bus companies, Tower Transit and Go Ahead to operate? Weren't all bus service contacts dished out by LTA go through public tenders? If SBST is as competitive or more competitive than the other 2 foreign companies, why should LTA kick SBST out and delist it? I don't see how SBST is losing contracts to the other 2. On the contrary, I see SBST winning more contracts than the other 2 combined. SBST wins tenders base its own merits, no taxpayers is helping SBST. So it is in your dream that SBST will be delisted.
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whenissued
Member |
13-Oct-2022 19:35
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In case you have not been observing, the markets are in extreme bear territory. The impact of inflation, coupled with a technical recession (for Singapore) has affected the stock market. And no, SBS Transit is never going to delist. Tax payers are not financing this stock in any way. But you must know that SBS Transit is  regulated  by the PTC (Public Transport Council), and what dividends you get rest entirely on whether SBS Transit is able to get permission to increase fares in a timely fashion. The PTC ensures that SBS Transit will not starve (ie, go bankrupt), but also makes sure that fares are reasonable for the general population. So you are wrong. Period. 
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Conman
Elite |
13-Oct-2022 13:42
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SBS Transit's shate price has been dropping over the last few months. It is now around 2.60. Recently the Transport Minister was talking about balancing how much the commuters and the tax payers pay respectively. With the impending fare increase in Dec and GST increase come 1 Jan, I am expecting that SBS Transit is asked to delist so that tax payers need not finance its dividend parties twice a year as well as its listing costs.
I might be wrong. But if I am right, what is the impact? Who will pay back SBS' investors?
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vivacious
Supreme |
13-Oct-2022 11:28
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effect of price increase in transportation | ||||
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MambaFinancial89
Veteran |
12-Oct-2022 18:06
Yells: "Be greedy when others are fearful. " |
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Unfortunately, market sentiment has changed drastically since the time these reports were released. 
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josephyeo
Elite |
12-Oct-2022 16:45
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Write up on ComfortDelgro: 1. CGS-CIMB Add - 1.75 2. DBS Research Buy - !.95 3. Maybank Reserach Buy - 1.75 4. Philip Securities Buy - 1.80 5. RHB In vest Buy - 1.75 6. UOB Kay Hian Buy - 1.63 For info only. Vested. Dyodd   |
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ahbui8
Master |
12-Oct-2022 15:58
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At 1x PB and with very low debt. Just buy and keep for long term.  | ||||
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stonkmaster
Veteran |
12-Oct-2022 07:44
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so why not you short it?
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Conman
Elite |
12-Oct-2022 07:42
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Beware of fake reversal, fake breakout, fake TP, fake analysis, fake forum talks and every other thing fake when playing a dinosaur stock with the BBs.
This dead cat bounce might extend more if enough numbers of retailers chase. On the chart it is called an escape line or life saving line.
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