Latest Forum Topics /
ComfortDelGro
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COMFORT DELGRO - MOVING FORWARD
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kiseki_2818
Master |
25-Aug-2021 11:09
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yes, his 20ct green green face now look very pale and start to imagine ppls buy or sell blue green things. hope he still ok, think his short circuit get more serious now. if not handle properly will become chao tar green. ![]() ![]()
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Conman
Elite |
23-Aug-2021 17:35
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Today Robots laundried 1.62 buy sell buy sell with themselves to lure uncles and aunties to buy even when the whole market turned from green to red. I think Gen Tan, Bro Big Braggart, Bro Hollowman have all bought a lot from the robots.
Some years ago I used to gamble at back-lane gambling den. Same tactics they used.: A few of their own gangs will gamble and win big. Then me and others watched and became greedy and joined in. Everybody lost because no one dared to walk away without losing some money to them. |
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Conman
Elite |
23-Aug-2021 09:51
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From that day 1.63 I was projecti g more drops in the COMING DAYS. Please be patient.
Want to buy, just but. Want to sell, just sell. Your money, you decide. 🤑 🤑 🤑
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PhillipTan
Supreme |
23-Aug-2021 09:31
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He is senile, not point asking him, keeps forgetting things and mixing things up Already mentioned several times that this is CDG thread, yet continue talking non-stop about SBS here instead of SBS thread Poor chap is even not aware that SBS is into rail business, advertising and lease rental, only talks about buses Maybe that drop to $0.20 refers to Hyflux and CDG should be $2.00 instead in his opinion, but senile people always mixes things up all the time So don' t blame him hahaha  
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rocketman
Master |
23-Aug-2021 09:13
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Conman, where is the big drop u are projecting? Still ok leh... | ||||
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Conman
Elite |
23-Aug-2021 04:44
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Gen Tan,
You might as well say "despite that according to the Minister, even before the Pandemic, out of 356 bus routes, only 11 managed to break-even. But we all enjoy big dividend parties twice a year financed by the tax-payers. Maybe we will get even more dividends after the GST increase. Shiok!!!" Even China is now talking about Social Responsibilty. Just get ready that the music in your big dividend parties is switched off suddenly. Taxis : Take a look at the taxi numbers for the last 10 years, year by year. I have posted the numbers before. They are available from Statista. The numbers have HALVED! Has the big down trend stopped or reversed? Got chance?
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PhillipTan
Supreme |
22-Aug-2021 23:37
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CDG 2021 1H Profit after Taxation = 107.6m SBS 2021-1H Total Operating Profit = 38.1  (Including  Government Reliefs 34.1m) Profit after Taxation = 36.4m IF  without government reliefs -  profit after taxation is easily more than 50m for CDG - and for SBS, the profit will be easily more than 2m So where are the mentioned losses that is more than Grab losses of 652m? Maybe all the losses that you claimed are from SMRT which is no longer listed? Since you are comparing Grab (PHV) to other public taxi transportation in SG, why are you lumping CDG and SBS and SMRT together? So that the huge SMRT losses can make both CDG and SBS look bad? Especially when both CDG and SBS are profitable even if there are no government reliefs? Btw, SBS is primarily into bus operations and SMRT is primarily into rail operations with a very small insignificant taxi operation if compared to their primary operations. Comparison should only be made for Grab vs CDG. Talking about company being subsidised by tax-payers money, you are starting to sound a lot like Conman Hope this is not another Conman' s account. Btw, all those government relief schemes such as JSS (as mentioned by you) are  NOT ONLY APPLICABLE  to CDG and SBS Those government schemes are applicable to  EVERY  single company operating here. EVEN  Grab. Do you think Grab only hires drivers locally that earns commission? Grab don' t have a call centre with call operators that are employed locally? Grab don' t have back end jobs locally such as software engineers to maintain their app, accounting, hr and admin staff etc? So isn' t Grab also subsidised by tax-payers money, as well as  EVERY SINGLE COMPANY  operating here. So no point bringing up this issue of company being subsidised by tax-payers money, totally of no value and absolutely redundant. If those government relief schemes are  ONLY APPLICABLE  to CDG or even SBS, then you are making a valid point here. Not taken into account of real estate given away free to CDG? (No point discussing about SMRT and SBS since this is CDG thread) Any proof of that? Please share it instead of just stating things out of empty air. If not, no point mentioning it. Headcount in LTA, CDG need to take that into account? So should all restaurant business also take into account of manpower expenses by NEA since NEA need headcount to issue licenses and do checks etc? Should all banks and insurance companies also take into account of the MAS headcount expenses too? If Grab without much depreciating assets still make such huge losses, imagine how much more would they lose if they have such huge depreciating assets Whereas in comparison, CDG is making more than 50m profits after tax (even after taking away government reliefs received) and they have a lot of depreciating assets.
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Starship
Supreme |
22-Aug-2021 19:59
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Conman
Elite |
22-Aug-2021 16:57
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Jack you know the subject well!
Uber left S.E.A. because the biggest share holder of both Uber and Grab wanted it to so as to stop bad competion. As a result Uber was given 27.5% stake in Grab. CEO Uber also sits in Grab Board. The agreement was also that if Grab is not listed by 2023, Uber will make a come back. Same arrangemwnt was made when Uber made room to DiDi so Uber also has a stake in DiDi. Whether we like them or not, they are the future. Unless children dont grow up and old folks live forever, they will become more and more entrenched and impossible to remove because the whole population will somehow in one way or another be their workers or customers, or both. Rspecially for Grab app, it is going to invade into every home and become the only one app to have in our handphones. Over the past 8 years when Uber/Grab were fiercely attacking the taxi market, Zoom Bee was like a sitting duck doing nothing except saying 'we welcome healthy competition' from time to time. I dont think it knew that its business model of renting out taxis to earn from the drivers was the focal point of the attack. Ride-hailing came and gave the drivers an alternative of using thwir own cars as taxis and not have to pay exhorbitant rentals to feed the big guns in Zoom Bee's office and yet have to work like dogs for long hours for a small income. The problem for the taxi trade now is no drivers replacement because the business model of renting out taxis doesnt work anymore. This problem cannot be resolved by simply coming out with a super app called 'Private Mobility Group', or doing R&D on Green Energy, or bidding for EV charging points. |
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tpohwashere
Veteran |
22-Aug-2021 11:38
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Its banned in a number of countries/cities including Denmark, NT Australia, Berlin, London, etc.  They also just lost the case in California and have to treat gig workers as employees. Didi is finished.  Government wants them to both pay minimum wages as well as regulate their fees.  When you are running a $ billion losing business, not being able to raise price and increased cost is a death knell. Any smart investor should just turn on their Grab app.  See that half dozen empty Grab vehicles roaming near you?  It' s Grab that is paying for those idle vehicles.  End result - congestion, which is now surfacing as a big problem which was shielded by the pandemic.  
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beng1102
Elite |
22-Aug-2021 11:04
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Globally there is a lot push back against UBER and GRAB kind of business model.  One main thing that make them dislike by the government is that they are treating driver as contract workers mostly without any employment benefit.  This model won' t go well in country like China.  In US, UK and Australia, law makers care increasing pushing back on this kind of socially irrsponsible business model.   
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tpohwashere
Veteran |
22-Aug-2021 11:02
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Maybe. But first, it needs to recover the $10 billion losses incurred by the JVs.  Best way - IPO to retail suckers.  But they need to do it fast as JVs are tired of losing over $500 billion every quarter.  Oh wait .... SPAC!! |
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investshare
Supreme |
22-Aug-2021 10:54
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I repeat my bold prediction: Grab will eventually exit phv to focus on finance. | ||||
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justicebaogaliao
Veteran |
22-Aug-2021 10:35
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Kukuman your jokes are getting funnier day by day  You know there is a reading corner in IMH, go read up on the book i sent you regarding Wise investment tips for dummies and it will clearly tell you that share prices can Never be detached from fundamentals unless it is a Pump and dump operation by BBs which you have always touted but never understand how it works 
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justicebaogaliao
Veteran |
22-Aug-2021 10:18
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It has been a long time since i last heard anyone blow their big kuku trumpet about Grab Grab ride hailing business has been in operation for the longest time - don' t tell me that the business model has not matured yet. How many other ride hailing companies have popped up by now and do you think Grab still stand a chance in such stiff competition? If it can make profits it would have already done so, no need to report billions of US dollars in losses every year. |
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tpohwashere
Veteran |
22-Aug-2021 09:32
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Lol ... you touted Grab as a " lifestyle" app that is going to change the world because it is more than ridesharing that is has (wow) food delivery, digital payment, shopping, etc.  I guess you have done a little homework and realise that Uber has the same business model and have even more such services.  The concept of a super app is not new, it' s old.  And the core upon which the super app is built is important.  Tencent does it well because WeChat is weaved into the social fabric and Alipay is widely accepted in China.  Nobody is going to center their activities onto a transport platform because that' s not where they spend their time.  And you are also wrong on localisation - both are customised for local context except Grab operates in a puny 6 countries while Uber operates in 69. There is nothing subjective about $652m of losses.  You started by saying we shouldn' t compare with Comfort and yet here you are, trying to make a case by comparing it.  The point has never been whether it has a cost structure that is more agile by holding less inventory.  Rather, the point is that Grab, like all ridesharing (and their peripheral businesses), has a flawed business model - attempting to capture marketshare through cost subsidising.  And after 10 years (that' s a long time in the digital world), all of them continue to be billion $ loss making.  It is totally fine for a startup to be making an initial loss to capture the market as long as it has a clear plan to monetise once critical mass is attained (Facebook is a great example).  Ridesharing companies, on the other hand, have failed.    Let me just be blunt - Grab, like Uber, Lyft and Didi, paint a " lala land" picture of future profits in their IPO prospectus.  Fact is, it is just the means to offload and make money for the pioneer investors and the founders.  All investors at IPO and thereafter are just suckers - go ask Uber and Lyft investors. |
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jackass
Member |
22-Aug-2021 05:00
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a. Grab app is highly customised to each region/country local users, while Uber uses a standardised app template globally     Some of Uber' s payment decisions do not sync with south east asia way of life (Uber has no cash payment until Y2015, and tipping etc)     In any case, Uber has already been defeated and left south east asia market ... b. In my opinion, Grab reported losses of 652 milliion is subjective ... This company is not subsidized by tax-payers money unlike SMRT, SBS and ComfortDelgro     Without JSS and Government relief schemes the losses of SMRT, SBS and ComfortDelgro all together is more than Grab losses of 652 million      We have not taken into account the real estate net lost due to giving of land to SMRT, SBS and ComfortDelgro for their depots, terminals and railway stations, and even the addtional headcount in LTA just to manage            these public transport companies      Another thing to take note is that unlike SMRT, SBS and ComfortDelgro,       Grab does not have much depreciating assets (many grab drivers own their vehicles, while those cars rented from grab are actually owned by 3rd party car rental companies)     Grab have no very few physical assets such as depots, terminals or railway stations as well ... (low asset depreciation and expenditure)
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tpohwashere
Veteran |
22-Aug-2021 02:47
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Alright, just for entertainment - a.    Tell us just one " lifestyle" app that Grab has which Uber does not have.  b.    Tell us why Grab lost another $652m despite 10 years of operations and how do you think they can ever be profitable when Uber has failed. 
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ringo88
Senior |
22-Aug-2021 01:57
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Gosh.. Mr Jackass
I'm sure Mr Conman will like your post very much
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jackass
Member |
22-Aug-2021 00:06
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many people here think that Grab is a competitor to Comfortdelgro ... I hope u guys know that Grab is a " lifestyle" app ( 1 simple app for all your needs, including transport, food delivery, digital payment, shopping  ... ) last time, the app was known as GrabTaxi, now they have dropped the " taxi" term to embrace their " lifestyle" app concept Under the current Grab app features, they are already starting on insurance and simple investing (imagine what would happen if they join venture with iFast, Moomoo or tiger broker charging 0 % trading fees...) When Grab US IPO takeoff this coming 4th quarter, it will change the world  Other foreign competitiors like DiDi and Uber are not even close to Grab in terms of the " lifestyle" app concept And to make matters more complicated, Grab is considered a Singapore start-up, so Temasek is all-in on this redefining " lifestyle" app concept It will be like the ultimate 1-stop-app for all your needs, through your fingertips on mobile smartphone |
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