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COMFORT DELGRO - MOVING FORWARD Post Reply Rate topic
tpohwashere Veteran	19-Aug-2021 10:05        tpohwashere About Contact  Quote this Post!
x 0   x 0  Alert Admin	Absolutely.  You are looking at the result of a distorted marketplace where ridesharing companies are subsidizing the cost to the tune of hundreds of millions (US$462m last quarter for Grab).  Hey, if I open up a chain of durian stores subsizing every durian and selling each at $0.10, you think I won' t dominate the durian market? The only way ridesharing companies can prevail in the long term is if they can raise their prices after booting all competition.  Well, guess what?  Governments are not stupid and have prevented this scenario. Tell us again why Uber and Lyft and Didi are trading way below their IPO price? Conman      ( Date: 19-Aug-2021 05:04) Posted: Bro, my main point is that : Not only Grab, but the entire ride-hailing concept of "using your own cars as taxis" is a killer of taxi business' renting model. Since any peivate car can be converted for the 'dual-use', PHVs numbers increased very rapidly to be about 5 times of the total taxis in Singapore. Obviously you have missed my posts much earlier, I have always talked about critical mass. Taxis have lost their critical mass, so we have seen a vicious cycle of "no taxis - no riders - no taxis - no riders' happening and still happening everyday. If you tey to book a taxi or flag for one at a busy time when you must move but no taxi is available for the last 30 mins, would you not book a PHV just 2 minutes from you? Taxis are still defending their last line of defence, that is, taxi stands. They are all there but no more plying the roads. At present, there is an over-provisioned, ie, depite the numbers have shrunk, still too many vis-a-vis riders numbers. This is because government still pays $20 a day to hwlp and taxi companies are still giving 'discounts'. The moment these 'helps' are cut, you will see a massive decline of numbers. The vicious cycle I mentioned will increase its speed to match a drivers-riders-equilibrium. Nevermind that ride-cannot make money. But they wont go away. Zoom Bee's renting model doesnt work any more. We have seen its drop of more than 1,000 taxis a year since PHVs came in. The drop will continue until taxis go extinct in 8 to 10 years. tpohwashere      ( Date: 18-Aug-2021 19:30) Posted: lol .. you seem bent on whatever your mission is :) While it' s true that Grab has hijacked a volume of business from taxi operations, the point is still - so what?  Grab is simply paying out of it' s pocket to subsidise rides in a market with zero loyalty.  Whatever market share they have will just disappear the moment they raise prices to remain afloat.    Alright, let' s say Grab needs to stop bleeding money then the question becomes - at what price?  Estimate for Uber is that customers pay only 41% of the fare.  So for ridesharing companies to stop bleeding, their price needs to at least be 2.5x.    Ok, please think for a moment now.  If Grab raises its fare by 2.5x, do you really think customers will stick around for the " Grab experience" ?  Of course not. Until ridesharing companies can crack the problem of running a non-competitive business, any other debate is frankly, moot.  In the meantime, VCs and other pioneer investors are in a hurry to offload to buy their GCBs.  Grab at $40 billion when it' s still losing 1/2 billion $ per quarter?  Go ahead
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ttworld Member	19-Aug-2021 08:09        ttworld About Contact  Quote this Post!
x 0   x 0  Alert Admin	just some thots, dun flame me... Comfort is an " core" asset company to sg in my op, as it controls one of the key logistics. if gov want ot help..v easy grab is sort of out of gov ctrl.... gov wan to sabo... also v easy qn is shld gov help comfort & sabo grab? my opinion... for the sake of sg...YES... PS: i v patrotic de =p
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Conman Elite	19-Aug-2021 05:04        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Bro, my main point is that : Not only Grab, but the entire ride-hailing concept of "using your own cars as taxis" is a killer of taxi business' renting model. Since any peivate car can be converted for the 'dual-use', PHVs numbers increased very rapidly to be about 5 times of the total taxis in Singapore. Obviously you have missed my posts much earlier, I have always talked about critical mass. Taxis have lost their critical mass, so we have seen a vicious cycle of "no taxis - no riders - no taxis - no riders' happening and still happening everyday. If you tey to book a taxi or flag for one at a busy time when you must move but no taxi is available for the last 30 mins, would you not book a PHV just 2 minutes from you? Taxis are still defending their last line of defence, that is, taxi stands. They are all there but no more plying the roads. At present, there is an over-provisioned, ie, depite the numbers have shrunk, still too many vis-a-vis riders numbers. This is because government still pays $20 a day to hwlp and taxi companies are still giving 'discounts'. The moment these 'helps' are cut, you will see a massive decline of numbers. The vicious cycle I mentioned will increase its speed to match a drivers-riders-equilibrium. Nevermind that ride-cannot make money. But they wont go away. Zoom Bee's renting model doesnt work any more. We have seen its drop of more than 1,000 taxis a year since PHVs came in. The drop will continue until taxis go extinct in 8 to 10 years. tpohwashere      ( Date: 18-Aug-2021 19:30) Posted: lol .. you seem bent on whatever your mission is :) While it' s true that Grab has hijacked a volume of business from taxi operations, the point is still - so what?  Grab is simply paying out of it' s pocket to subsidise rides in a market with zero loyalty.  Whatever market share they have will just disappear the moment they raise prices to remain afloat.    Alright, let' s say Grab needs to stop bleeding money then the question becomes - at what price?  Estimate for Uber is that customers pay only 41% of the fare.  So for ridesharing companies to stop bleeding, their price needs to at least be 2.5x.    Ok, please think for a moment now.  If Grab raises its fare by 2.5x, do you really think customers will stick around for the " Grab experience" ?  Of course not. Until ridesharing companies can crack the problem of running a non-competitive business, any other debate is frankly, moot.  In the meantime, VCs and other pioneer investors are in a hurry to offload to buy their GCBs.  Grab at $40 billion when it' s still losing 1/2 billion $ per quarter?  Go ahead. Conman      ( Date: 18-Aug-2021 16:51) Posted: You are wrong Hollowman. Expect a massive returning of taxis in October unless the gov extends the $20 rental rebate. As it is, $10 is supposed to expire in Augest, while the other $10 will expire by end-September. Expect Zoom Bee to cut its so-called 35% rental discounts to xx% too. Reopening the domestic market will benefit PHV drivers and not so much taxi drivers because taxis have lost the bulk of their clientele to PHVs in the heartlands
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Fluffyclouds Master	18-Aug-2021 22:01        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	https://www.bloomberg.com/news/articles/2021-08-17/singapore-looks-to-visitor-pilot-programs-as-border-inches-open Borders open. Back to office. New norm. You decide. :)
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Buradin Veteran	18-Aug-2021 21:31        Buradin About Contact  Quote this Post!
x 0   x 0  Alert Admin	I did not visit this forum for 1 week and there are so many new additions to this thread! Great traction and interest in CDG. Just some quick thots, Q1 results net at ard 80M (with gov support). Q2 not too good. Assuming we move into Endemic, i would be conservative and not expect ridership to return to pre covid levels of ard net earnings of 110M per quarter. Instead, If we could maintain at 75% of pre-covid lvl, which is ard 80M+ per quarter. The net per financial year would be 300M+ and with a dividend policy of 50%, shareholders earnings per share would be around 0.08+. That should yield us ard 4% dividend at a stock price of $2. Still lots of room to move, and we are moving in the right direction. Enjoy dividends first and happy investing. I see that we have more brothers in arms together in this fire trench. Haha... the trench is getting larger and longer, breaking enemy lines.
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Beatch Member	18-Aug-2021 19:39        Beatch About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hahaha when I book grab I also get to chose standard taxi?from comfort. tpohwashere      ( Date: 18-Aug-2021 19:30) Posted: lol .. you seem bent on whatever your mission is :) While it' s true that Grab has hijacked a volume of business from taxi operations, the point is still - so what?  Grab is simply paying out of it' s pocket to subsidise rides in a market with zero loyalty.  Whatever market share they have will just disappear the moment they raise prices to remain afloat.    Alright, let' s say Grab needs to stop bleeding money then the question becomes - at what price?  Estimate for Uber is that customers pay only 41% of the fare.  So for ridesharing companies to stop bleeding, their price needs to at least be 2.5x.    Ok, please think for a moment now.  If Grab raises its fare by 2.5x, do you really think customers will stick around for the " Grab experience" ?  Of course not. Until ridesharing companies can crack the problem of running a non-competitive business, any other debate is frankly, moot.  In the meantime, VCs and other pioneer investors are in a hurry to offload to buy their GCBs.  Grab at $40 billion when it' s still losing 1/2 billion $ per quarter?  Go ahead. Conman      ( Date: 18-Aug-2021 16:51) Posted: You are wrong Hollowman. Expect a massive returning of taxis in October unless the gov extends the $20 rental rebate. As it is, $10 is supposed to expire in Augest, while the other $10 will expire by end-September. Expect Zoom Bee to cut its so-called 35% rental discounts to xx% too. Reopening the domestic market will benefit PHV drivers and not so much taxi drivers because taxis have lost the bulk of their clientele to PHVs in the heartlands
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tpohwashere Veteran	18-Aug-2021 19:30        tpohwashere About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol .. you seem bent on whatever your mission is :) While it' s true that Grab has hijacked a volume of business from taxi operations, the point is still - so what?  Grab is simply paying out of it' s pocket to subsidise rides in a market with zero loyalty.  Whatever market share they have will just disappear the moment they raise prices to remain afloat.    Alright, let' s say Grab needs to stop bleeding money then the question becomes - at what price?  Estimate for Uber is that customers pay only 41% of the fare.  So for ridesharing companies to stop bleeding, their price needs to at least be 2.5x.    Ok, please think for a moment now.  If Grab raises its fare by 2.5x, do you really think customers will stick around for the " Grab experience" ?  Of course not. Until ridesharing companies can crack the problem of running a non-competitive business, any other debate is frankly, moot.  In the meantime, VCs and other pioneer investors are in a hurry to offload to buy their GCBs.  Grab at $40 billion when it' s still losing 1/2 billion $ per quarter?  Go ahead. Conman      ( Date: 18-Aug-2021 16:51) Posted: You are wrong Hollowman. Expect a massive returning of taxis in October unless the gov extends the $20 rental rebate. As it is, $10 is supposed to expire in Augest, while the other $10 will expire by end-September. Expect Zoom Bee to cut its so-called 35% rental discounts to xx% too. Reopening the domestic market will benefit PHV drivers and not so much taxi drivers because taxis have lost the bulk of their clientele to PHVs in the heartlands. rocketman      ( Date: 18-Aug-2021 15:46) Posted: From Thursday (Aug 19), up to 50 per cent of the workforce can return to workplaces. Means more Business for Public Transport n Taxis etc...
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Conman Elite	18-Aug-2021 18:10        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Bro, yours is representative of the norm in the new normal. Please read my post "The Road Ahead" I posted about 2 weeks ago. tpohwashere      ( Date: 18-Aug-2021 16:37) Posted: I still WFH.  Company policy :) rocketman      ( Date: 18-Aug-2021 15:46) Posted: From Thursday (Aug 19), up to 50 per cent of the workforce can return to workplaces. Means more Business for Public Transport n Taxis etc...
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beng1102 Elite	18-Aug-2021 17:57        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is right time now to accummulate.  Likely to test 1.69 again soon. traderapple      ( Date: 18-Aug-2021 16:46) Posted: It is extremely bullish! Huge price targets and Buy signals right now. Financials of ComfortDelgro seem to be going in the right direction, Dividends are also good.  Exclusive analyst price targets and ratings for ComfortDelgro:  http://fumacrom.com/1mqVX
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Conman Elite	18-Aug-2021 17:52        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Today you can see that the rebound was extremely wrak. BBs didnt pump because uncles and aunties were exhausted, scared, broke, stuck. It is like calm before a storm. The closing showed that BBs wanted the retailers to buy at their selling price. The last 5 minutes, the buy wall 1.63 was suddenly built up. Any uncles and aunties hoping to get 1.63 qould have to bet their luck at 1.64 at closing match. Robots are not stupid. As long as there are buyers for 1.64, they can adjust their buy / sell to close at 1.64. I bet you, most sellers of 1.64 at closing were the robots because robots could put in the correct numbers of 1.63 to sell at 1.64 to the retailers. Fluffyclouds      ( Date: 18-Aug-2021 14:29) Posted: $1.66 drop till $1.61, today pop up back to $1.64 Shorting average was $1.62 yesterday. Your guess is as good as mine. Lets go CDG.
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Conman Elite	18-Aug-2021 17:38        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Are you a General too, bro? No wonder you always post like a troll. I cant remember you posting anything of value. SuperLuckyCorn      ( Date: 18-Aug-2021 14:34) Posted: Ah..like golden goose, always forgot what he wrong things and blast his small tiny " good guess" . Like that  everyone also can do.
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Conman Elite	18-Aug-2021 17:34        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Bro, Just for your exclusive infomation, I am actually 'Analyst' CoolDeep Seng. If you can pay me $200, tomorrow I will give you the most bullish report on any stock to make uncles and aunties feel orgasm. traderapple      ( Date: 18-Aug-2021 16:46) Posted: It is extremely bullish! Huge price targets and Buy signals right now. Financials of ComfortDelgro seem to be going in the right direction, Dividends are also good.  Exclusive analyst price targets and ratings for ComfortDelgro:  http://fumacrom.com/1mqVX
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Conman Elite	18-Aug-2021 16:51        Conman About Contact  Quote this Post!
x 0   x 1  Alert Admin	You are wrong Hollowman. Expect a massive returning of taxis in October unless the gov extends the $20 rental rebate. As it is, $10 is supposed to expire in Augest, while the other $10 will expire by end-September. Expect Zoom Bee to cut its so-called 35% rental discounts to xx% too. Reopening the domestic market will benefit PHV drivers and not so much taxi drivers because taxis have lost the bulk of their clientele to PHVs in the heartlands. rocketman      ( Date: 18-Aug-2021 15:46) Posted: From Thursday (Aug 19), up to 50 per cent of the workforce can return to workplaces. Means more Business for Public Transport n Taxis etc...
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traderapple Member	18-Aug-2021 16:46        traderapple About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is extremely bullish! Huge price targets and Buy signals right now. Financials of ComfortDelgro seem to be going in the right direction, Dividends are also good.  Exclusive analyst price targets and ratings for ComfortDelgro:  http://fumacrom.com/1mqVX
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tpohwashere Veteran	18-Aug-2021 16:37        tpohwashere About Contact  Quote this Post!
x 0   x 0  Alert Admin	I still WFH.  Company policy :) rocketman      ( Date: 18-Aug-2021 15:46) Posted: From Thursday (Aug 19), up to 50 per cent of the workforce can return to workplaces. Means more Business for Public Transport n Taxis etc...
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rocketman Master	18-Aug-2021 15:46        rocketman About Contact  Quote this Post!
x 0   x 0  Alert Admin	From Thursday (Aug 19), up to 50 per cent of the workforce can return to workplaces. Means more Business for Public Transport n Taxis etc...
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Value28 Member	18-Aug-2021 14:48        Value28 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree.  Indeed Grab' s sizable m/share gains since 2016 was purely via money loosing  deep pocket  ( shocking to hear its $10b loss  in 5 yrs ).  Contrary , despite this serious competiton , CDG still very profitable . Like Beng said earlier .....for Grab, only the allures of the platform offering other businesses ie. food delivery / e commerce sounded attractive but the fact is PHV model itself is not an advatange , also not going to drive CDG model to 20cts anytime soon. On contrary , once listed , the only way for Grab seems is to raise their prices a little or further reduce costly promotion.  Other part of biz seems still small/slow to scale profitably. Either way they will likely face the wrath shareholders and could be loosing some m/share back to CDG again .  Improving the convenience of hailing should be quite easily replicated by CDG if need to. On contrary, the days of big salary or many full time PHV drivers is certainly history . Many will be very part timers unlike committed CDG drivers and they will be very costly to be retained let alone stay motivated ? .    .  tpohwashere      ( Date: 17-Aug-2021 13:28) Posted: Bro, you obviously have no clue on the ridesharing model - the entire business model is flawed and reflected in share prices. Uber, Lyft, Didi and yes, Grab - All of them are buring billions of $ to stay afloat.  And none of them are " startups" - they have had last 9 years to prove the model works.  That is why Uber and Lyft are trading below their IPO price despite a bubble US market.    Grab is trying to go public the fastest way possible through a SPAC.  Because it knows the window of opportunity is closing for pioneer investors to cash out.  All of them are Ponzi schemes that rewarded VCs and the public investors carrying the bags.   Conman      ( Date: 17-Aug-2021 12:20) Posted: Wait long long until Grab get listed in Q4., Bro Big Braggart! Then wait till Grab get listed in SGX and replace Zoom Bee as a STI Stock. Then wait till SBS asks for de-liating and become a peivate company. Then wait until the 11% Taxis become 0.1% and left with 10 taxis. 🤓
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SuperLuckyCorn Supreme	18-Aug-2021 14:34        SuperLuckyCorn About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Ah..like golden goose, always forgot what he wrong things and blast his small tiny " good guess" . Like that  everyone also can do.
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kiseki_2818 Master	18-Aug-2021 14:31        kiseki_2818 About Contact  Quote this Post!
x 0   x 0  Alert Admin	" Just as you all belived.." ..ha..the usual conman tactic, trying to " quote" some seem " true" thing to mislead ppl, " you all" ...hmm..who ' s that, not me leh., may be 20ct green face is one of them or may be not or..??. no wonder 20ct green face so green.   Conman      ( Date: 18-Aug-2021 13:29) Posted: Bro ConBao, Bro rpogwashere, Bro Big Braggart, Bro beng I dont believe that ride-hailing business cannot make profits. Just as you all believed that Hyflux's could make money and Best World is making huge profits, we never know where Grab spent its money. What is important to me is Grab is young, supported by big funds including Temasek, led by a young a nd energetic management team, is the biggest ride-hailing company in S.E.A, has culled the "world's biggest taxi company' to a sun-setting business, had ventured into Food Delivery and successful, will co- run a bank with SingTel in Singapore and probably also in Malaysia...etc etc. To me, this is the chance to invest in a rising star at its birth. Forget about the oldie no funds want to care and would only let out hot air (one good example is food delivery) with no actions. Uber owns 27.5% of Grab. Uber also has a stake in DiDi. Softbank is the biggest share holdier of both Uber and Grab. Do you think they will give up Singapore?
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Fluffyclouds Master	18-Aug-2021 14:29        Fluffyclouds About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	$1.66 drop till $1.61, today pop up back to $1.64 Shorting average was $1.62 yesterday. Your guess is as good as mine. Lets go CDG.
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