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fundamentalhero Veteran	14-Aug-2022 22:18        fundamentalhero About Contact  Quote this Post! Style: Fundamental   Yells: "I NEED HONEYS AND MONIES"
x 0   x 0  Alert Admin	all the kaopei kaobu on CDG taxi this taxi that, meanwhile, bought CDG. In out In out, earn profits and dividends. simple $ talks and I am profitting massively from this trade. shortists were burnt and have to pay interest and dividend. meanwhile CDg bottomed out and will up (especially inflation defensive nature)
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Entropy72 Master	14-Aug-2022 21:00        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why should CDG ignore the reality of ride hailing growth and hide inside a declining taxi market? That would be incompetent management. Whether or not CDG does ride hailing, taxi drivers face the competition of ride hailing from various platforms. CDG seeks to give its taxi driver the benefits of both ride and street hailing. Taxi drivers today receive many jobs from Zig and they can also pick up passengers from the street. Heard the ride hailing commission from Zig is 4% compared to 20% by Grab. Anyone can verify? Conman      ( Date: 14-Aug-2022 18:53) Posted: Guru, if this Zoom Bee is so greedy to want to play PHV rental market, it is going to kill its own taxi business. Taxi drivers are self-employed and can jump ship anytime. Right now, PHV drivers earn more than taxi drives because they have many platform to play and have surge pricing and can use their own cars. Is there any reason why a driver wants to drive a taxi and not a PHV at the current situation? Entropy72      ( Date: 14-Aug-2022 13:13) Posted: I didn't realise Zip was strictly for PHV drivers that rent from CDG. That would exclude PHV drivers who have their own cars as well as those who rent from other vendors. On the one hand, it limits the growth of PHV driver pool for Zip which affects availability for riders (important consideration on choosing which platform to book). On the other hand, it may be a transition strategy to assure its taxi driver partners that Zip did not become a free-for-all platform. It also may be a selling point for PHV drivers to rent from CDG so that they have 1 additional platforms to choose jobs.
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Conman Elite	14-Aug-2022 18:53        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guru, if this Zoom Bee is so greedy to want to play PHV rental market, it is going to kill its own taxi business. Taxi drivers are self-employed and can jump ship anytime. Right now, PHV drivers earn more than taxi drives because they have many platform to play and have surge pricing and can use their own cars. Is there any reason why a driver wants to drive a taxi and not a PHV at the current situation? Entropy72      ( Date: 14-Aug-2022 13:13) Posted: I didn't realise Zip was strictly for PHV drivers that rent from CDG. That would exclude PHV drivers who have their own cars as well as those who rent from other vendors. On the one hand, it limits the growth of PHV driver pool for Zip which affects availability for riders (important consideration on choosing which platform to book). On the other hand, it may be a transition strategy to assure its taxi driver partners that Zip did not become a free-for-all platform. It also may be a selling point for PHV drivers to rent from CDG so that they have 1 additional platforms to choose jobs. seba240698      ( Date: 14-Aug-2022 09:05) Posted: Just to clarify a common misunderstanding. Any driver, whether he owns his car, he rents from Grab, from CDG or from any Tom, Dick or Harry car rental companies, can use any ride-hailing Apps (Grab, Tata, Go-jek) in Singapore as long as he applies for it, registers for it and clears the background checks. Who guarantees that? Well,. It is LTA. It is guaranteed by the ride hailing Act über the P2P Framework, enacted a few years back, this is to help the PHV drivers, to secure their job sources.. Company can't exclude drivers not renting cars from them. But no, if you do not rent your car from CDG, you can't use the Zig to get riders because Zig is considered a taxi apps, not a ride- hailing Apps. Sorry, this could be a loophole in the law but it is like this currently.
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Conman Elite	14-Aug-2022 18:16        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	We are now e periencing revenge-tourism due to the reopening. After a while even this will quiet down. Just look at our own Singapore -- Shopping mall and restaurants, no more crowd no more queues. East Coast Park is deserted. WFH is real in almost all companies. It will become part of the system of each. This is going to affect many small businesses in the CBD as it get more entrenched. Just ask the taxi drrs how many trips they make to the CBD a day and you will get the pictire. The post- Covid normalcy is just starting to show its colour. Human as it is now already can be anywhere at any one time without leaving their home. Land travel will be deemed as infficiency and waste of time which is unacceptable in tofay's business world. seba240698      ( Date: 14-Aug-2022 08:19) Posted: Ang Mo expertiates will no doubt not fly 20 hours here for meetings but surely they will like our food, sunny weather and our entertainment, or simply use Singapore as a transit hub to explore Bali, Phuket or Vietnam. All these will boost our local land transport, either taxis, PHV, MRT or buses, all these CDG has. Even if these expertiates wants to self drive to Malaysia, CDG has it too. And don't forget our tourist arrivals have picked up. I don't see why tourists are not coming to Singapore as many as it used to be pre-COVID. We are waiting for China to reopen. So yes, working style change, but human needs don't. Land transport is a intrinsic need of humans, since the time of horse-drawn carriages and bullock carts. Many people long to have face-to-face meetings, face-to-face Workshops, long to travel, even working trips. EV is the future, well CDG already in joint venture with a French company to set up charging stations. Autonomous vehicles, yes, CDG is working with NTU and in fact had a few vehicles running in NTU Campus. Grab, well it has its strength, but I'm sorry to say, its competitors are just too strong for it. SEA Ltd, Über etc. The entry bar of being super apps is just too low. Grab can't make a single cent of profit till date. I'm speculating Grab will be acquired by some bigger company within 3 to 5 years. I do, however, thank Grab for given a wake-up call to CDG, and to provide cheap ride-hailing for people of Singapore in the last 5 years. But no, I'll not miss it when it's gone.
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seba240698 Senior	14-Aug-2022 14:46        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What I feel is this it's the strategy of CDG. You see, CDG's main source of income is taxi rental, not commission from bookings. If it will to open to all PHVs, then the taxi drivers would likely to have not enough booking jobs. So it is really choosing one invoice sources from another. Other ride-hailing companies' main income are from commission of booking, so the more drivers access to their apps, the higher their income. Entropy72      ( Date: 14-Aug-2022 13:13) Posted: I didn't realise Zip was strictly for PHV drivers that rent from CDG. That would exclude PHV drivers who have their own cars as well as those who rent from other vendors. On the one hand, it limits the growth of PHV driver pool for Zip which affects availability for riders (important consideration on choosing which platform to book). On the other hand, it may be a transition strategy to assure its taxi driver partners that Zip did not become a free-for-all platform. It also may be a selling point for PHV drivers to rent from CDG so that they have 1 additional platforms to choose jobs. seba240698      ( Date: 14-Aug-2022 09:05) Posted: Just to clarify a common misunderstanding. Any driver, whether he owns his car, he rents from Grab, from CDG or from any Tom, Dick or Harry car rental companies, can use any ride-hailing Apps (Grab, Tata, Go-jek) in Singapore as long as he applies for it, registers for it and clears the background checks. Who guarantees that? Well,. It is LTA. It is guaranteed by the ride hailing Act über the P2P Framework, enacted a few years back, this is to help the PHV drivers, to secure their job sources.. Company can't exclude drivers not renting cars from them. But no, if you do not rent your car from CDG, you can't use the Zig to get riders because Zig is considered a taxi apps, not a ride- hailing Apps. Sorry, this could be a loophole in the law but it is like this currently.
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seba240698 Senior	14-Aug-2022 14:38        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is Zig, not Zip. , Inside this apps, when you book a ride, you can choose "taxi only, fixed price" or "taxi or car (PHV), fixed price" or "taxi only, by meter". The car are all those rented from CDG. Zig is considered an taxi booking apps so it is outside the ride- hailing Apps regulation. It is a loophole but nobody complains. Entropy72      ( Date: 14-Aug-2022 13:13) Posted: I didn't realise Zip was strictly for PHV drivers that rent from CDG. That would exclude PHV drivers who have their own cars as well as those who rent from other vendors. On the one hand, it limits the growth of PHV driver pool for Zip which affects availability for riders (important consideration on choosing which platform to book). On the other hand, it may be a transition strategy to assure its taxi driver partners that Zip did not become a free-for-all platform. It also may be a selling point for PHV drivers to rent from CDG so that they have 1 additional platforms to choose jobs. seba240698      ( Date: 14-Aug-2022 09:05) Posted: Just to clarify a common misunderstanding. Any driver, whether he owns his car, he rents from Grab, from CDG or from any Tom, Dick or Harry car rental companies, can use any ride-hailing Apps (Grab, Tata, Go-jek) in Singapore as long as he applies for it, registers for it and clears the background checks. Who guarantees that? Well,. It is LTA. It is guaranteed by the ride hailing Act über the P2P Framework, enacted a few years back, this is to help the PHV drivers, to secure their job sources.. Company can't exclude drivers not renting cars from them. But no, if you do not rent your car from CDG, you can't use the Zig to get riders because Zig is considered a taxi apps, not a ride- hailing Apps. Sorry, this could be a loophole in the law but it is like this currently.
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Entropy72 Master	14-Aug-2022 13:13        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I didn't realise Zip was strictly for PHV drivers that rent from CDG. That would exclude PHV drivers who have their own cars as well as those who rent from other vendors. On the one hand, it limits the growth of PHV driver pool for Zip which affects availability for riders (important consideration on choosing which platform to book). On the other hand, it may be a transition strategy to assure its taxi driver partners that Zip did not become a free-for-all platform. It also may be a selling point for PHV drivers to rent from CDG so that they have 1 additional platforms to choose jobs. seba240698      ( Date: 14-Aug-2022 09:05) Posted: Just to clarify a common misunderstanding. Any driver, whether he owns his car, he rents from Grab, from CDG or from any Tom, Dick or Harry car rental companies, can use any ride-hailing Apps (Grab, Tata, Go-jek) in Singapore as long as he applies for it, registers for it and clears the background checks. Who guarantees that? Well,. It is LTA. It is guaranteed by the ride hailing Act über the P2P Framework, enacted a few years back, this is to help the PHV drivers, to secure their job sources.. Company can't exclude drivers not renting cars from them. But no, if you do not rent your car from CDG, you can't use the Zig to get riders because Zig is considered a taxi apps, not a ride- hailing Apps. Sorry, this could be a loophole in the law but it is like this currently.
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seba240698 Senior	14-Aug-2022 09:05        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just to clarify a common misunderstanding. Any driver, whether he owns his car, he rents from Grab, from CDG or from any Tom, Dick or Harry car rental companies, can use any ride-hailing Apps (Grab, Tata, Go-jek) in Singapore as long as he applies for it, registers for it and clears the background checks. Who guarantees that? Well,. It is LTA. It is guaranteed by the ride hailing Act über the P2P Framework, enacted a few years back, this is to help the PHV drivers, to secure their job sources.. Company can't exclude drivers not renting cars from them. But no, if you do not rent your car from CDG, you can't use the Zig to get riders because Zig is considered a taxi apps, not a ride- hailing Apps. Sorry, this could be a loophole in the law but it is like this currently.
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seba240698 Senior	14-Aug-2022 08:19        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ang Mo expertiates will no doubt not fly 20 hours here for meetings but surely they will like our food, sunny weather and our entertainment, or simply use Singapore as a transit hub to explore Bali, Phuket or Vietnam. All these will boost our local land transport, either taxis, PHV, MRT or buses, all these CDG has. Even if these expertiates wants to self drive to Malaysia, CDG has it too. And don't forget our tourist arrivals have picked up. I don't see why tourists are not coming to Singapore as many as it used to be pre-COVID. We are waiting for China to reopen. So yes, working style change, but human needs don't. Land transport is a intrinsic need of humans, since the time of horse-drawn carriages and bullock carts. Many people long to have face-to-face meetings, face-to-face Workshops, long to travel, even working trips. EV is the future, well CDG already in joint venture with a French company to set up charging stations. Autonomous vehicles, yes, CDG is working with NTU and in fact had a few vehicles running in NTU Campus. Grab, well it has its strength, but I'm sorry to say, its competitors are just too strong for it. SEA Ltd, Über etc. The entry bar of being super apps is just too low. Grab can't make a single cent of profit till date. I'm speculating Grab will be acquired by some bigger company within 3 to 5 years. I do, however, thank Grab for given a wake-up call to CDG, and to provide cheap ride-hailing for people of Singapore in the last 5 years. But no, I'll not miss it when it's gone.
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Entropy72 Master	13-Aug-2022 22:36        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CDG is aware of the need to build up ride hailing. It's automotive rental business went up 17% primarily due to growth of PHV fleet. It would definitely want these drivers to be part of CDG Zip. And when autonomous taxis emerge in next decade, CDG can leverage on its vehicle engineering expertise over pure software play such as Grab.
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Conman Elite	13-Aug-2022 20:05        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	What are the challenges this 'Land Transport Giant' has to face in the post-Covid era which is just starting now? Can we assume the everything will be back to the pre-Covid era of things? Would the digitalisation of human life stop progressing or even reverse back as if it never happen? I am disappointed that this 'Land Transport Giant' kept quiet in this awesome report or even assumed that all will be back to normal! Even if this giant doesnt bother, we only need to look around and see how fast 'work-from-home' is taking roots in companies. My son joined a US company recently after his graduation and found that NO ONE is in the office but work / meetings/ marketing/ etc are going on almost non-stop. Even the gov now accept submission only on-line so is there anymore excuse to come to the office to take the documents and rush to do the submission by taking a taxi? How many Ang Mo would still fly for 20 hours here to attend a meeting or two and then fly another 20 hours back home? Yes, many Ang Mo fly in everyday but they are on holidays after Bali or Phukit. If this Zoom Bee being a Land Transport Giant has not done or will not do a study on this, I would say to its investors GOOD LUCK AND TAKE CARE 😅
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Conman Elite	13-Aug-2022 16:22        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Street hailing is already history. Ask the taxi drivers how many street jobs they get a day. They will tell you one or two. Street hailiing is the most important modus operandi of taxi driving because it brings a out 'one up one down' earning for the drivers. Where are these people who used to flag for taxis in the past? Let me tell you Guru. --- They book Grab. See for yourself, taxis have to run backnd d forth taxi stands to get their passengers. More than 50% of their driving time their cabs are empty. How many of them get Zig booking jobs? Just see for yourself Guru how many are wearing the 'on- call' signs and speeding -- nobody can bluff you.
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Entropy72 Master	13-Aug-2022 14:17        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ride hailing will cannibalise street hailing. Hence CDG zip needs to capture critical market share of ride hailing. While the number of people trying out Zip is high (see App Store reviews), it seems many are frustrated by the quality of the app which crashes often. CDG needs to prioritize the improvement of Zip app to retain users.
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Conman Elite	13-Aug-2022 13:54        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	6,500 is a very ugly number considering that this Zoom Bee was the World's biggest taxi company before. It has already sold its taxicompanies in London and Vietnam. What happens in China now? Even if it avoid revealing the truth, we can just ask any visitor from there or check with our contacts there to see who still remember what a taxi is, we will know the situation. This show that all its effort to save its taxi business has flopped. The so-called ride-hailing is rubbish looking at the number of blue and yellow colour cabs queuing everywhere particularly at the airport. Which PHV driver dare to rent car from this Zoom Bee if he cannot get booking jobs from Grab? Entropy72      ( Date: 13-Aug-2022 02:07) Posted: According to LTA stats (https://www.lta.gov.sg/content/dam/ltagov/who_we_are/statistics_and_publications/statistics/pdf/P2P_info_2022.pdf), CDG taxi fleet has declined from 7200 in Jan 21 to 6500 in Jun 22. I guess ride hail revenue is factored under its Taxi segment and supporting its growth? If so, the growth rate do ride hailing is interesting to watch. Buradin      ( Date: 13-Aug-2022 00:07) Posted: Actually for the taxi segment, if we compare it with 2H 2021 instead of 1H 2021, there is an uptick of leasing. And taxi operating profit trended upwards also due to lower operating cost. But I agree that it is not exciting, more importantly not making losses. Also agree on the potential bright spots, especially the EV infra, CDG should stick it in and push for 50% of market share (very profitable).
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Buradin Veteran	13-Aug-2022 13:06        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Understand that it is gone. Normally sale of assets (including profits) will be utilised to drive growth engines but I suspect with the strong balance sheet CDG has.. it could support this 100% special distribution. As what entropy mentioned about CDG being way off pre-covid. Totally agree.. and with that stock prices also will not rocket as well... but based on recent results, I think it is fair for the near to medium term stock price to range between 1.5 to 1.6 (I hope). Conman      ( Date: 13-Aug-2022 12:21) Posted: Buradin, this special dividend is from the sale of its Alperton properties in London. You get 1.41 cents but the properties are gone from the company ledger forever. Nevermind. There are still 34,000 vehicles to make up to its NAV. Buradin      ( Date: 12-Aug-2022 22:55) Posted: Tks for info. Special dividend is always a happy thing for shareholders. My brother in arms Entropy should be happy too. 😊
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Buradin Veteran	13-Aug-2022 12:59        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	👍 Conman      ( Date: 13-Aug-2022 12:39) Posted: LTA only has the registered numbers of taxis and not leased- out numbers. So if your numbers are from the LTA, it is the total registered with the authorities. Taxi companies have to maintain 10 to 15% of spare vehicles (in my estimate) to enable smooth operations. Some of these spare vehicles can be lay-off the road to save insurance costs but they are still counted as registered numbers. Entropy72      ( Date: 13-Aug-2022 08:58) Posted: Ah yes, the rental waivers in 2021 might explain why taxi revenue increased in 2022 despite a reduction in fleet size. Or it could be that the fleet size refers to physical fleet rather than leased out fleet. CDG might not do a full replacement for older taxis that reached end of life hence physical fleet size reduces while leased out fleet size grows.
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Entropy72 Master	13-Aug-2022 12:51        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for confirming, Conman. Conman      ( Date: 13-Aug-2022 12:39) Posted: LTA only has the registered numbers of taxis and not leased- out numbers. So if your numbers are from the LTA, it is the total registered with the authorities. Taxi companies have to maintain 10 to 15% of spare vehicles (in my estimate) to enable smooth operations. Some of these spare vehicles can be lay-off the road to save insurance costs but they are still counted as registered numbers. Entropy72      ( Date: 13-Aug-2022 08:58) Posted: Ah yes, the rental waivers in 2021 might explain why taxi revenue increased in 2022 despite a reduction in fleet size. Or it could be that the fleet size refers to physical fleet rather than leased out fleet. CDG might not do a full replacement for older taxis that reached end of life hence physical fleet size reduces while leased out fleet size grows.
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Conman Elite	13-Aug-2022 12:39        Conman About Contact  Quote this Post!
x 0   x 0  Alert Admin	LTA only has the registered numbers of taxis and not leased- out numbers. So if your numbers are from the LTA, it is the total registered with the authorities. Taxi companies have to maintain 10 to 15% of spare vehicles (in my estimate) to enable smooth operations. Some of these spare vehicles can be lay-off the road to save insurance costs but they are still counted as registered numbers. Entropy72      ( Date: 13-Aug-2022 08:58) Posted: Ah yes, the rental waivers in 2021 might explain why taxi revenue increased in 2022 despite a reduction in fleet size. Or it could be that the fleet size refers to physical fleet rather than leased out fleet. CDG might not do a full replacement for older taxis that reached end of life hence physical fleet size reduces while leased out fleet size grows. Buradin      ( Date: 13-Aug-2022 02:39) Posted: U are right in the decline in taxi numbers. Hmm then the lower taxi revenue could be due to the rental waivers that was given by CDG last year on top of government reliefs.
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Buradin Veteran	13-Aug-2022 12:30        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yielding at around 4% at this price with a strong balance sheet. CDG is well positioned. Entropy72      ( Date: 13-Aug-2022 08:58) Posted: Ah yes, the rental waivers in 2021 might explain why taxi revenue increased in 2022 despite a reduction in fleet size. Or it could be that the fleet size refers to physical fleet rather than leased out fleet. CDG might not do a full replacement for older taxis that reached end of life hence physical fleet size reduces while leased out fleet size grows. Buradin      ( Date: 13-Aug-2022 02:39) Posted: U are right in the decline in taxi numbers. Hmm then the lower taxi revenue could be due to the rental waivers that was given by CDG last year on top of government reliefs.
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AttasBoss Elite	13-Aug-2022 12:24        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Market give u many chance to buy 1.3 to 1.4. If later at 2 dollars u will regret.
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