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ComfortDelGro fundamentally strong but price weak Post Reply Rate topic
investshare Supreme	14-Dec-2017 08:30        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Difference is SP and SPH did not spend $300m like that. bishan22      ( Date: 14-Dec-2017 08:23) Posted: Dont be die hard...another one is SingPost...  these 3 can ta bao and ship to Santa in Greenland...... halleluyah      ( Date: 14-Dec-2017 08:10) Posted: Looks like long term down trend....like sph too....
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bishan22 Supreme	14-Dec-2017 08:23        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont be die hard...another one is SingPost...  these 3 can ta bao and ship to Santa in Greenland...... halleluyah      ( Date: 14-Dec-2017 08:10) Posted: Looks like long term down trend....like sph too....
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halleluyah Supreme	14-Dec-2017 08:10        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like long term down trend....like sph too....
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seba240698 Senior	13-Dec-2017 21:09        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Already drop so much, stilll will drop? I hope it is bottoming out.
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Tommy12356 Master	13-Dec-2017 20:05        Tommy12356 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No point collect dividend if share price dropping xxadidasxx      ( Date: 13-Dec-2017 19:28) Posted: Think overall CDG will still pay good dividend and have profit now is to stable their share price believe it will stable down at around 2.100
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xxadidasxx Veteran	13-Dec-2017 19:28        xxadidasxx About Contact  Quote this Post!
x 0   x 1  Alert Admin	Think overall CDG will still pay good dividend and have profit now is to stable their share price believe it will stable down at around 2.100
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seba240698 Senior	13-Dec-2017 18:05        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One thing for sure, Grab is going to burn more money to retake the market share....
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seba240698 Senior	13-Dec-2017 18:03        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fewer people drive lcr PHVs, they still can drive PHVs from other rental forms with Grabs rental rebate. So CDG difficult to compete. I think the only consolation are the synergies of its Automotive Arm. And maybe now they are the market leader in terms of BOTH taxis and PHVs, it can calibrate their numbers based on the demand and regulatory measures. Authority is likely to tighten the control of PHVs further, stay tuned..... MonkeyKingGod      ( Date: 13-Dec-2017 17:31) Posted: then in such case, they have the controlling power what. then lesser ppl drive PHV, then the cycle go 1 round and back to square one.  but i think the share price will still be depress till PHV die off
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MonkeyKingGod Senior	13-Dec-2017 17:31        MonkeyKingGod About Contact  Quote this Post!
x 0   x 0  Alert Admin	then in such case, they have the controlling power what. then lesser ppl drive PHV, then the cycle go 1 round and back to square one.  but i think the share price will still be depress till PHV die off
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destinykraze Elite	13-Dec-2017 17:28        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Short term, makes LCR profitable. Long term, will have increased idle car fleet, driver sure to jump ship. Huge losses inevitable. MonkeyKingGod      ( Date: 13-Dec-2017 16:33) Posted: just wondering, since CD SP is the bigger controlling of LCR, they hike the rental cost of each PHV, what will happen lol seba240698      ( Date: 13-Dec-2017 15:56) Posted: You are right sir, LCR rents out PHVs to Grab too! But as I said before, I doubt CDG will allow Grab drivers to pump at their discounted pterol kiosks, but I may be wrong, got sales, why discriminate between friends and foes? I can see lots of synergies bewteen  phvs and taxis:- 1) Discounted fuel prices, 2) Maintenance servicing/repairs, 3) Accident repairs, 4) VICOM inspections (including inspections of PHV stickers), 5)    Road side recovery support, 6) Warranty repairs (since CDG is considered a third-party workshop, the new laws relesaed 2 days ago allows warranty cars to be repaired/serviced at 3rd party workshops without voiding of warranty), 7) Managmenrt of taxi/PHV drivers, although minimal managment as long as rental are paid punctually
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seba240698 Senior	13-Dec-2017 17:23        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lose drivers loh... Unless they can ensure drivers get more jobs and cars are more well maintained, fuel are cheaper, better customer service, better welfare... All the non monetary incentives..... MonkeyKingGod      ( Date: 13-Dec-2017 16:33) Posted: just wondering, since CD SP is the bigger controlling of LCR, they hike the rental cost of each PHV, what will happen lol seba240698      ( Date: 13-Dec-2017 15:56) Posted: You are right sir, LCR rents out PHVs to Grab too! But as I said before, I doubt CDG will allow Grab drivers to pump at their discounted pterol kiosks, but I may be wrong, got sales, why discriminate between friends and foes? I can see lots of synergies bewteen  phvs and taxis:- 1) Discounted fuel prices, 2) Maintenance servicing/repairs, 3) Accident repairs, 4) VICOM inspections (including inspections of PHV stickers), 5)    Road side recovery support, 6) Warranty repairs (since CDG is considered a third-party workshop, the new laws relesaed 2 days ago allows warranty cars to be repaired/serviced at 3rd party workshops without voiding of warranty), 7) Managmenrt of taxi/PHV drivers, although minimal managment as long as rental are paid punctually
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oldcoconut Senior	13-Dec-2017 16:56        oldcoconut About Contact  Quote this Post!
x 0   x 0  Alert Admin	one report i read says prediction is $1.79. Dont know how true
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MonkeyKingGod Senior	13-Dec-2017 16:33        MonkeyKingGod About Contact  Quote this Post!
x 0   x 0  Alert Admin	just wondering, since CD SP is the bigger controlling of LCR, they hike the rental cost of each PHV, what will happen lol seba240698      ( Date: 13-Dec-2017 15:56) Posted: You are right sir, LCR rents out PHVs to Grab too! But as I said before, I doubt CDG will allow Grab drivers to pump at their discounted pterol kiosks, but I may be wrong, got sales, why discriminate between friends and foes? I can see lots of synergies bewteen  phvs and taxis:- 1) Discounted fuel prices, 2) Maintenance servicing/repairs, 3) Accident repairs, 4) VICOM inspections (including inspections of PHV stickers), 5)    Road side recovery support, 6) Warranty repairs (since CDG is considered a third-party workshop, the new laws relesaed 2 days ago allows warranty cars to be repaired/serviced at 3rd party workshops without voiding of warranty), 7) Managmenrt of taxi/PHV drivers, although minimal managment as long as rental are paid punctually. GIP689      ( Date: 13-Dec-2017 15:22) Posted: and for small investors who still believe in the grab/uber growth story, cdg now supplies vehicle rentals to this platform in sg, letting them ' invest' in the grab/uber growth.
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seba240698 Senior	13-Dec-2017 15:56        seba240698 About Contact  Quote this Post!
x 0   x 1  Alert Admin	You are right sir, LCR rents out PHVs to Grab too! But as I said before, I doubt CDG will allow Grab drivers to pump at their discounted pterol kiosks, but I may be wrong, got sales, why discriminate between friends and foes? I can see lots of synergies bewteen  phvs and taxis:- 1) Discounted fuel prices, 2) Maintenance servicing/repairs, 3) Accident repairs, 4) VICOM inspections (including inspections of PHV stickers), 5)    Road side recovery support, 6) Warranty repairs (since CDG is considered a third-party workshop, the new laws relesaed 2 days ago allows warranty cars to be repaired/serviced at 3rd party workshops without voiding of warranty), 7) Managmenrt of taxi/PHV drivers, although minimal managment as long as rental are paid punctually. GIP689      ( Date: 13-Dec-2017 15:22) Posted: and for small investors who still believe in the grab/uber growth story, cdg now supplies vehicle rentals to this platform in sg, letting them ' invest' in the grab/uber growth.
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investshare Supreme	13-Dec-2017 15:35        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Leasing is a leverage game, only make sense if your cost of fund is Low.
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Starship Supreme	13-Dec-2017 15:34        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most of the conversations here discuss Comfort' s business fundamentals. But the trading pattern of big ups and downs on a daily basis suggest this counter is more like a day-trader' s stock.
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GIP689 Member	13-Dec-2017 15:22        GIP689 About Contact  Quote this Post!
x 0   x 0  Alert Admin	and for small investors who still believe in the grab/uber growth story, cdg now supplies vehicle rentals to this platform in sg, letting them ' invest' in the grab/uber growth.
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GIP689 Member	13-Dec-2017 15:15        GIP689 About Contact  Quote this Post!
x 0   x 1  Alert Admin	I think its a buy at this price.  Deal is good and strategically important because 1. If taxis become irrelevant and only phvs are left in the market, cdg remains a market leader, leasing phvs instead of taxis 2. if both taxis and phvs share the market in future, cdg maintains market leadership in both segments 3. bottoming out of cdg taxi drivers leaving relative to other taxi companies, as they now have uber as an app for their service versus the other taxi companies sharing one grab app.  Financial terms of the deal look neither too good nor bad for both parties, more a win-win, which is important for the partnership to work. No impact on current earnings seem to imply the additional earnings from the leased phvs less depreciation just about covers the additional interest costs from the vehicle loans.  On top of this, cdg engineering arm is able to manage and service the additional 12k vehicles but own only 6k of them.  In my view, there is likely to be consolidation of car rental firms in sg, due to economies of scale and its capital intensive nature. Cdg will become one of the leaders and its capex for taxis can be shared with this business and hence not incur too much additional expenditure here.  Singapore taxi earnings make up ~30% of cash earnings for cdg and the combination with phv leasing and decline in taxis is likely to maintain this at 30-40%.  At current price, cdg looks very cheap. Not many sg companies with leading positions in their market (largest 4-5 in segment) trade at this price.
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seba240698 Senior	13-Dec-2017 14:54        seba240698 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not to forget fuel (petrol, diesel and CNG) sales....
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sengsk Elite	13-Dec-2017 14:49        sengsk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Grab should consider bid for take over at this during low pricing. It totally take up their businesses of  bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving center, insurance broking services, and outdoor advertising. Very much worth !
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