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COMFORT DELGRO - MOVING FORWARD
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Conman
Elite |
05-Apr-2022 04:39
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The problem of the taxi trade is that it is on a slow attrition mode. News about night life, F1 etc will not reverse the trend. This is why this once-upon-a-time 'World's Biggest Taxi Company' is now dreaming about Robotic Taxis.
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Buradin
Veteran |
04-Apr-2022 23:41
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From MMTF: ALL nightlife businesses in Singapore will be permitted to fully reopen from Apr 19, 2022, as part of Singapore's endeavour to live with Covid-19. | ||||
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Ovywind
Veteran |
04-Apr-2022 20:46
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cd agm coming bonus share coming
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actan99
Master |
04-Apr-2022 12:44
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Oil drop again liao lo | ||||
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Conman
Elite |
01-Apr-2022 00:08
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Dont forget, ZB is not the only one running taxi services. There are 5 other taxi companies around fighting the zero-sum game to get drivers. Then, there are 4 PHV companies fighting with taxi companies to get drivers too.
The problem is not the cars. The real peoblem is the drivers. Unless ZB's Robotic Taxis can charge a lower fares than the present's, and unless ZB can teach the majority of the taxi /PHV commuters (many of whom are uncles and aunties) how to control the AV, its drivers will jump ship to drive other taxis or PHV to overwhelm its so-called Robotic Taxis even if they are technically possible 🙄
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Ovywind
Veteran |
31-Mar-2022 22:33
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they ll get electrical charging contract soon see now taxi ll fly tomorrow 1.55
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Conman
Elite |
31-Mar-2022 18:31
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Without any feasibility study, ZB just threw $30m into the drain. All are cheering as if it is a sure go. Many rushed to buy in and they will be stuck with this ZB which would never stop blowing out hot air. | ||||
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Entropy72
Master |
31-Mar-2022 13:16
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Agree that is the long game and it looks exciting (except for drivers). Revenue wise, must offset against loss of taxi rental though. Existing diesel refueling points will need to retrofit as charging stations -quick battery swaps make better sense to reduce land costs.
The electric AVs will reduce the Scope 1 carbon footprint significantly. Gels in with its Engie JVs to install EV charging points around the island. Will attract ESG focussed funds to invest. Will Grab want to invest heavy capex to continue competing against taxis when ride hail drivers are not needed? It has always been more of a platform services company.
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weekaykee
Master |
31-Mar-2022 09:42
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Just wondering, if CDG eventually replaces all its taxis with autonomous taxis, all the current earnings of 10000 taxi drivers will overnight belong to CDG. That will be an extra $600m - $700m a year. (based on approximately$200 nett earnings per day x 10,000 taxis = 2m profit a day) Who says there is no growth potential for CDG. |
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justicebaogaliao
Veteran |
31-Mar-2022 08:35
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Looking at your replies, do you know that fuel hedges are always done to protect against fuel price surge, and to make a profit if there is a price surge to make up for the losses against the more expensive fuel costs If fuel prices fall drastically, then depending on the amount of hedges done, the cost of these hedges could potentially be greater than the gain in lower fuel costs, and in such cases companies lose money... Likewise if fuel prices increase, it depends on the amount of hedges done, are they enough to cover the losses against the more expensive fuel costs? Are they efficiently hedged? To answer your ultimate question, any amount of hedges would have soften the impact of more expensive fuel costs - whether it makes profit or not depends on the amount of hedges being made
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lukewong82
Master |
31-Mar-2022 08:18
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Hedges go both ways. How u know CDG hedges results in a profit? U got insiders information that their hedges results in profit? Asia Pacific airlines hit by $3.2 billion fuel hedging losses - EuroFinance | The global treasury community The aviation sector has been particularly hard hit by the pandemic, not least because the long-standing practice of hedging fuel purchases against a rise in oil prices rebounded with a vengeance when oil prices fell and passenger traffic plunged.
Analysing European airlines&rsquo hedging policy in April 2020, EuroFinance estimated that mark-to-market losses were $6.82 billion. A few months later, the same airlines disclosed $4.66 billion in ineffective fuel hedging losses. Now a similar pattern has emerged in Asia, where airlines have been punished due to ineffective hedging of fuel resulting from the pandemic. Singapore&rsquo s flag carrier, Singapore Airlines was the hardest hit in the Asian market where it reported ineffective fuel hedging losses of $710 million at the end of March 2020. Six months later, it posted its interim financial results disclosing $563 million in additional surplus fuel hedge losses. The airline in its financial results noted that &ldquo The Group has paused fuel hedging activity since March 2020, given the uncertain pace of recovery&rdquo .
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Joelton
Supreme |
31-Mar-2022 08:13
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ComfortDelGro to invest S$30m in autonomous vehicles
COMFORTDELGRO will be investing S$30 million in the research and development of autonomous driving capabilities over the next 5 years.
This research and development unit, known as Autonomous Vehicles Centre of Excellence, was set up through its S$100 million venture capital fund, said the transport company in a media statement on Wednesday (Mar 30).
ComfortDelGro : C52 -0.67% said that this new research centre will help the company develop a technology platform that supports using autonomous vehicles for mobility services, and eventually, deploying them commercially.
The mainboard-listed company has already signed a memorandum of understanding with Mobileye, a company that develops autonomous driving technologies that was acquired by computer parts manufacturer Intel in 2017.
Under the agreement, 2 all-electric, self-driving robotaxis will be deployed for a pilot trial in Singapore by the first half of 2023, subject to regulatory approvals.
The 2 autonomous vehicles will be equipped with Mobileye' s level 4 self-driving system, which incorporates a perception system through cameras and radars, and utilises autonomous vehicle maps built by crowdsourced data.
ComfortDelGro said that this technology by Mobileye has been successfully tested in Israel, the United States, Japan, Germany and France.
The transport company will be maintaining and operating the vehicles, while Mobileye will provide training on how to maintain them.
After the trial has been completed, both companies will look for a vehicle platform, which can deploy the robotaxis commercially.
As part of the agreement, ComfortDelGro will also leverage Mobileye' s autonomous vehicle technology to build new skills in driverless operations, incident response processes, fleet management and maintenance.
The centre will also look into building a technology platform to manage autonomous vehicle operations that are scalable and transferable not only in Singapore, but overseas as well.
ComfortDelGro' s chairman Lim Jit Poh said that autonomous vehicle technology, though still in nascent stages of growth, will emerge as the main driving force in the future.
" The objective of this investment is not for us to get involved in the actual development of autonomous vehicle technology but to invest and leverage on autonomous vehicles to develop driverless operational procedures and trial new mobility services. We want to be ready to not just operate and maintain such vehicles, but be a forerunner in the running of such vehicles," said Lim.
The collaboration with Mobileye marks ComfortDelGro' s fourth foray into this new tech frontier in Singapore.
It trialled an autonomous shuttle bus service in real traffic conditions on the National University of Singapore' s Kent Ridge campus in 2019 for about slightly more than a year.
Its subsidiary SBS Transit also experimented with an on-demand shuttle bus service using autonomous vehicles on Jurong Island for 3 months in 2021.
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justicebaogaliao
Veteran |
31-Mar-2022 08:07
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Why is there a need to raise fare for fuel price increase for their taxis? - do taxi drivers pay for re-fueling out of their own pockets? or they go to some special CDG kiosk to get cheap fuel? -- maybe their driverless cars will do that next time haha
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justicebaogaliao
Veteran |
31-Mar-2022 07:52
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Hedging against fuel prices is a mandatory policy in many transport companies in today' s world bro... Look for these keywords... Evolution Of The Group - ComfortDelGro https://www.comfortdelgro.com &rsaquo documents &rsaquo E... In 2005, when oil prices hit. US$100 a barrel, it was Mr Kua who directed the Group to hedge ComfortDelGro' s fuel requirements. That action saved. https://www.comfortdelgro.com &rsaquo documents &rsaquo 20... 31 Dec 2014 &mdash The Group uses hedging instruments to manage its exposure to fuel price fluctuation, interest rate and foreign exchange rate. https://www.comfortdelgro.com &rsaquo documents &rsaquo Fi... 1 Jul 2020 &mdash These arrangements are designed to address fuel price exposure on future purchases of fuel and are accounted for as cash flow hedges. (d).
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Ovywind
Veteran |
31-Mar-2022 07:33
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just check magic today wait lah
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lukewong82
Master |
31-Mar-2022 07:31
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I cannot find the article that says CDG uses hedging instruments to manage its exposure to fuel price. Can u provide the link to the article/source, if not I will have to report u for posting fake news. Thanks
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lukewong82
Master |
31-Mar-2022 07:27
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Please qoute ur source where CDG hedging of fuel price. If not u are posting fake news. Thanks. Why is there a need to raise fare for fuel price increase for their taxis? ComfortDelGro to temporarily raise fares for all taxis amid fuel price increase - CNA (channelnewsasia.com) ComfortDelGro to temporarily raise fares for all taxis amid fuel price increase
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justicebaogaliao
Veteran |
31-Mar-2022 06:54
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A simple search on the web will tell you that the Group uses hedging instruments to manage its exposure to fuel price fluctuations.. even Singapore Airlines do that
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lukewong82
Master |
31-Mar-2022 05:38
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dun forget high oil price ... oil price just went up again today.
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lukewong82
Master |
31-Mar-2022 05:32
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As I mentioned previously, the results for H1/22 will be ugly becos of high oil price + removal of govt rebate and the 25% increase in office workers and easing will not be able to compensate the easing. So share price will range from $1.35 to $1.50. When share price crosses $1.50, it will drop back. When share price drop near $1.35, it will bounce back. The situation will only improve when the oil price drops below $80 and total easing happens which I do not expect within the next 3 mths. So during the next 3 mths expect to see share price ding dong between $1.35 to $1.50 depending on the market condition. Right now STI is at recent high of around 3450, any correction we will see share price of CDG drop to around $1.40 and if BBs decide to push it down, then we will see $1.35 using the " news" that OLAM is going to replace CDG in the STI index and right now OLAM is looking good
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Do not sabo innocent investors. This news was out yesterday at 3.55pm and the share price drop from $1.50 to $1.49. This news is a non event.