ComfortDelGro    Last:1.29    -0.01

ComfortDelGro fundamentally strong but price weak

Sold my 50% of CDG
Divert towards Ifast
Hope Ifast could perform better.

sengsk      ( Date: 14-May-2018 09:56) Posted: I will be watching it closely for sell as: Volume decrease Price increase. Oil price shoot up which not in favor of ComfortDG. Its facing near strong Res @ 2.37

 

I will be watching it closely for sell
as: Volume decrease Price increase.
Oil price shoot up which not in favor of ComfortDG.
Its facing near strong Res @ 2.37

 

frm BT:
ComfortDelGro to gain from Grab-Uber deal, likely rail-fare hike: Maybank Kim Eng

THE potential acquisition of Uber by Grab, reported by Bloomberg, could be positive for ComfortDelGro if it happens in Singapore, as the consolidation could reduce competition for the taxi industry, Maybank Kim Eng analyst John Cheong wrote in a Friday report.

However, regulatory hurdles could block the deal, he added: " In Singapore, it might be difficult for Grab to acquire Uber, as the regulators are very much against market dominance by a single player."

In the note, Mr Cheong posited three scenarios for Comfort if an Uber-Grab merger in Singapore goes through:

1) Comfort continues to acquire Uber' s car-rental fleet and partners Grab instead of Uber

2) Comfort calls off the deal and Grab acquires Uber' s car-rental fleet along with Uber' s booking app. This is less likely as Grab' s current business model involves partnering other vehicle-rental companies, instead of owning a large fleet of vehicles in-house and

3) UberFlash should continue, as Uber' s ride-booking app is likely to stay. Following the acquisition of Uber by Didi Chuxing in China in 2016, Uber' s app was retained.

Mr Cheong also eyed two possible positive catalysts for Comfort, raised by the Ministry of Transport during the Budget debate.

These include a possible rise in rail fares, as Comfort shares fare revenue with the government.

" Operating costs have risen by around 60 per cent over the past five years, but fares have gone down by 2 per cent. The key timeline is the conclusion of the fare formula review by the Public Transport Council, targeted by the first quarter of 2018," Mr Cheong wrote.

A second catalyst could be the further regulation of private-hire car services operated by Uber and Grab, which could level the playing field for Comfort' s taxi unit.

Maybank Kim Eng maintained its " buy" call on ComfortDelGro with a S$2.35 target price.

 

Good news as market sense that these are positive news for CDG now..
Stock moving ....

 

Base on Transit win and dividend yield.....PLUS a potential " regulated and licence " on grab uber, this might turn the table for CDG

seba240698      ( Date: 08-Mar-2018 11:29) Posted: SINGAPORE ? Ride-hailing firms? fares, fleet sizes, and service levels could come under regulatory scrutiny as the authorities mull over how to license operators Grab and Uber, said transport experts. With news emerging last month that Uber was preparing to sell its South-east Asia business to Grab, they also pointed to the potential pitfalls of a monopoly here, as that could lead to a dominant player abusing its market power and raising prices. On Wednesday (March 7), Second Transport Minister Ng Chee Meng announced that the Government will review the regulations governing the point-to-point transport sector, so that no single player will dominate. He noted that the Government had taken a minimal regulatory approach towards the private-hire car industry to avoid stifling innovation, but it has since grown and changed point-to-point transport considerably. The review will look into how to license ride-hailing companies and structure the industry, Mr Ng said during the Transport Ministry?s budget debate in Parliament. Transport economist Walter Theseira of the Singapore University of Social Sciences (SUSS) said one option is to regulate operators? vehicle fleets, which has been the case for taxi operators. Taxi fleets are currently subject to a 2 per cent growth cap yearly, provided operators meet availability standards. The intent of such caps is to create a sustainable market so that there will not be an oversupply or undersupply of vehicles, said Dr Theseira. Pricing is another area that can be examined. Just like the taxi industry, where fares were deregulated in 1998 to allow operators to set their own prices, Dr Theseira said that though the Government will not set prices, it can set the conditions governing how commuters are charged. Given that ride-hailing operators hold information on customers, it is ?entirely conceivable that in the future they can charge different people different prices?, said Dr Theseira. He added that operators are already practising that by offering varying discounts to different groups of commuters. Assistant Professor Terence Fan, a transport specialist with the Singapore Management University (SMU), said a merger of various operators to form a single ?big player? ? as would be the case if Uber?s sale to Grab comes through ? will be a bane for commuters, as prices will go up. As bookings are subject to dynamic pricing, where fares rise when demand goes up, Dr Theseira said commuters and regulators have little insight into what determines prices. ?That greatly increases the potential for pricing practices that might violate our sense of what?s fair,? said Dr Theseira. ?More information about business practices has to be opened up as part of this (review).? He also added that the different levels of service, such as priority allocation of rides for Grab?s platinum customers, also ?breaks a basic rule of public transport operations?. A tighter regulatory regime could also reduce operators? ability to discriminate in terms of price, added Dr Theseira. Operators would also be concerned if the Government tried to stop further market consolidation, as some believe this is the only way the market can turn profitable. However, Asst Prof Fan said the licensing regime should not be too onerous for new players to enter the market. ?If you have no new entrants, then of course the industry may consolidate to a point where it may harm consumers? interests,? he added. SUSS? urban transport expert Park Byung Joon suggested looking into the number of private-hire car drivers operators can recruit, as that is currently not capped. He said that having too many drivers in the market may not augur well for their livelihoods. According to the latest official data, there are more than 40,000 private-hire car drivers and 96,000 licensed taxi drivers here. Experts said that capping the pool of vehicles and drivers could reduce disruptive competition between the ride-hailing operators, allowing them to compete on service quality instead of sheer size. When contacted, Grab and Uber said they will work with the authorities to improve the sector. Mr Warren Tseng, general manager of Uber Singapore and Malaysia, said: ?We look forward to working with the Singapore Government to continue improving the private-hire car industry in ways that encourage growth and innovation, while maintaining safety and reliability.? A spokesperson for Grab added: ?We have always prioritised advancing the interests of our customers, above and beyond requirements, and will continue to do so? We look forward to working closely with the Land Transport Authority to ensure the ride-hailing industry caters to commuting needs and complements the public-transport network in Singapore.?

 

SINGAPORE ? Ride-hailing firms? fares, fleet sizes, and service levels could come under regulatory scrutiny as the authorities mull over how to license operators Grab and Uber, said transport experts. With news emerging last month that Uber was preparing to sell its South-east Asia business to Grab, they also pointed to the potential pitfalls of a monopoly here, as that could lead to a dominant player abusing its market power and raising prices. On Wednesday (March 7), Second Transport Minister Ng Chee Meng announced that the Government will review the regulations governing the point-to-point transport sector, so that no single player will dominate. He noted that the Government had taken a minimal regulatory approach towards the private-hire car industry to avoid stifling innovation, but it has since grown and changed point-to-point transport considerably. The review will look into how to license ride-hailing companies and structure the industry, Mr Ng said during the Transport Ministry?s budget debate in Parliament. Transport economist Walter Theseira of the Singapore University of Social Sciences (SUSS) said one option is to regulate operators? vehicle fleets, which has been the case for taxi operators. Taxi fleets are currently subject to a 2 per cent growth cap yearly, provided operators meet availability standards. The intent of such caps is to create a sustainable market so that there will not be an oversupply or undersupply of vehicles, said Dr Theseira. Pricing is another area that can be examined. Just like the taxi industry, where fares were deregulated in 1998 to allow operators to set their own prices, Dr Theseira said that though the Government will not set prices, it can set the conditions governing how commuters are charged. Given that ride-hailing operators hold information on customers, it is ?entirely conceivable that in the future they can charge different people different prices?, said Dr Theseira. He added that operators are already practising that by offering varying discounts to different groups of commuters. Assistant Professor Terence Fan, a transport specialist with the Singapore Management University (SMU), said a merger of various operators to form a single ?big player? ? as would be the case if Uber?s sale to Grab comes through ? will be a bane for commuters, as prices will go up. As bookings are subject to dynamic pricing, where fares rise when demand goes up, Dr Theseira said commuters and regulators have little insight into what determines prices. ?That greatly increases the potential for pricing practices that might violate our sense of what?s fair,? said Dr Theseira. ?More information about business practices has to be opened up as part of this (review).? He also added that the different levels of service, such as priority allocation of rides for Grab?s platinum customers, also ?breaks a basic rule of public transport operations?. A tighter regulatory regime could also reduce operators? ability to discriminate in terms of price, added Dr Theseira. Operators would also be concerned if the Government tried to stop further market consolidation, as some believe this is the only way the market can turn profitable. However, Asst Prof Fan said the licensing regime should not be too onerous for new players to enter the market. ?If you have no new entrants, then of course the industry may consolidate to a point where it may harm consumers? interests,? he added. SUSS? urban transport expert Park Byung Joon suggested looking into the number of private-hire car drivers operators can recruit, as that is currently not capped. He said that having too many drivers in the market may not augur well for their livelihoods. According to the latest official data, there are more than 40,000 private-hire car drivers and 96,000 licensed taxi drivers here. Experts said that capping the pool of vehicles and drivers could reduce disruptive competition between the ride-hailing operators, allowing them to compete on service quality instead of sheer size. When contacted, Grab and Uber said they will work with the authorities to improve the sector. Mr Warren Tseng, general manager of Uber Singapore and Malaysia, said: ?We look forward to working with the Singapore Government to continue improving the private-hire car industry in ways that encourage growth and innovation, while maintaining safety and reliability.? A spokesperson for Grab added: ?We have always prioritised advancing the interests of our customers, above and beyond requirements, and will continue to do so? We look forward to working closely with the Land Transport Authority to ensure the ride-hailing industry caters to commuting needs and complements the public-transport network in Singapore.?

 

https://www.todayonline.com/singapore/monopoly-could-hurt-customers-uber-and-grab-fares-fleet-sizes-among-areas-regulate I mite into thinking today's rally in price is due to the news that government is going to tighten regulations of phvs and license phvs tech companies.

 

Maybe CFD short at 2.06-2.07 level..

 

Funds will push it down nearer to XD and than push up to run.. comfort always had this pattern of play.. so 1.95x possible? Might be..

destinykraze      ( Date: 19-Feb-2018 16:43) Posted: no reason not to go lower. spore1      ( Date: 19-Feb-2018 15:48) Posted: 1.90 is it possible

 

Lets watch it out at 1.90

destinykraze      ( Date: 21-Feb-2018 17:47) Posted:

 

 

ComfortDelGro (Taxi Corporation): 21 February 2018
【 Alert】
Attached is the technicals of ComfortDelGro, a taxi corporation that is listed in Singapore SGX. The brown volume flow shows where impulsive selling volume started taking over in the market for this company.

The entire series of RED rectangular boxes show where high volume selling took place and these price actions never saw their ground being recovered by the amber boxed volume flows. The 2nd amber boxed volumes are  high volume rebounds which could not save prices. This is a humongous red flag in the realm of volume analysis. Worse, this high volume merely aided the price actions to be capped within a bearish rounding formation which sees gradients of selling getting more and more desperate, and more and more impulsive.

 

touched 1.99 today.. 

leongyan      ( Date: 20-Feb-2018 15:18) Posted: CD is keeping it up.. suggest if it goes up to 2.1x.. sell off prior to XD.. i wont hold this post XD..  valuebuyer      ( Date: 20-Feb-2018 11:32) Posted: Slow & steady..., no chance below $

 

CD is keeping it up.. suggest if it goes up to 2.1x.. sell off prior to XD.. i wont hold this post XD.. 

valuebuyer      ( Date: 20-Feb-2018 11:32) Posted: Slow & steady..., no chance below $2 leongyan      ( Date: 19-Feb-2018 09:58) Posted: Ex div still some time off.. got chance grab below $2 prior to XD

 

If CCS is extending the deliberations of the CDG acquisition of LCR for another 120 days, then I expect the Grab buying of Uber SEA operations will take years to deliberate. And if it disapprove cdg, it will also not approve Grab's acquisition of Uber Singapore operations.

wehuattogether88      ( Date: 20-Feb-2018 10:55) Posted: CDG share moving up.. I think most BBs & funds think consolidation is good for CDG.

 

Slow & steady..., no chance below $2

leongyan      ( Date: 19-Feb-2018 09:58) Posted: Ex div still some time off.. got chance grab below $2 prior to XD valuebuyer      ( Date: 14-Feb-2018 12:42) Posted: Talk so much for what? When close to dividend date 14/05 , the share price will tell everything, just wait & see.

 

20 February 2018 Transport | Road & Rail ComfortDelGro Corporation Neutral (Maintained) Target Price: SGD1.98 Price: SGD2.04 CCS Extends Review Of Alliance With Uber Market Cap: USD3,367m Bloomberg Ticker: CD SP The CCS said it is unable to conclusively determine that competition issues would not arise from the proposed strategic alliance between ComfortDelGro and Uber. The commission has identified 10 issues that may affect competition and requested for more information on the proposed alliance from both parties. On receipt of the information, the CCS is to undertake an in-depth assessment of the proposed alliance, which could delay the regulatory decision for another 120 days. It is already a bit difficult to assess the financial impact of the proposed alliance, and the hold-up in regulatory approvals for ComfortDelGro&rsquo s strategic alliance with Uber would further delay any likelihood of a re-rating in the former&rsquo s stock. We maintain our NEUTRAL call on this counter and SGD1.98 TP (3% downside), as a dividend yield of 5% would continue to provide support to its share price. Issues identified by the Competition Commission of Singapore (CCS) that require further assessment. The CCS has identified the following issues that, it believes, needs further in-depth assessment before it makes any decision about the proposed strategic alliance between ComfortDelGro Corp (ComfortDelGro) and Uber Technologies (Uber), namely whether: i. The UberFlash service involves any coordination of pricing between ComfortDelGro and Uber ii. The flat-fare service offered by ComfortDelGro pre-collaboration with &ldquo no surge pricing&rdquo would continue to be available for commuters iii. Taxi and private hire car drivers would be able to take jobs from multiple ride-hailing platforms if they wished iv. The variety of payment options for commuters would be reduced v. The ability of certain players to enter into related businesses &ndash such as food delivery services &ndash would be affected vi. The availability of non-app ride-hailing options, including street-hail and phone bookings, would be affected vii. There would be a substantial reduction of competition in the industry &ndash given the various contractual and shareholding relationships between the players &ndash as well as potential consolidation in the industry viii. Competition would be reduced in the private hire car and taxi rental market ix. The competitive dynamics of the private hire car and taxi rental markets affect competition in the booking and passenger ride services segments x. The proposed deal between ComfortDelGro and Uber would bring economic efficiencies such as shorter waiting times for commuters and more job opportunities for drivers. Difficult to accurately assess the benefits from this strategic alliance. While we believe that a strategic alliance between ComfortDelGro and Uber should drive strong earnings growth for the former&rsquo s automotive engineering and vehicle testing businesses, the impact from acquisition of Lion City Rental&rsquo s (LCR) car fleet on its taxi business is not very clear. This is because both businesses compete with each other at present. Moreover, rental differences between taxi and private car hire fleets &ndash as well as a lack of information on the utilisation rate of LCR&rsquo s private car fleet &ndash make the financial impact assessment more difficult. Market has been speculating that Uber is selling its ASEAN business to Grab. Markets have been rife with reports of Uber preparing to sell its South-East Asia business to Grab in exchange for a stake in the company (CNBC: Uber is preparing to sell SouthEast Asia unit to Grab in exchange for stake in company). While there is no confirmation on the deal, we believe Uber may have to revisit its strategic alliance with ComfortDelGro if it intends to sell Singapore operations to Grab. Similar to the CCS&rsquo review of the company&rsquo s strategic alliance with Uber, we believe, the sale of the latter&rsquo s Singapore business to Grab &ndash if confirmed &ndash would be subject to a review by the commission. This would be to determine whether competition issues would arise from the sale. Maintain NEUTRAL till regulatory approval issues are resolved. We maintain that the hold-up in regulatory approval for ComfortDelGro&rsquo s strategic alliance with Uber would further delay any likelihood of a re-rating in the former&rsquo s stock. Maintain NEUTRAL and SGD1.98 TP (3% downside). Source: Company data, RHB Forecasts and Valuations Dec-16 Dec-17 Dec-18F D

 

CDG share moving up.. I think most BBs & funds think consolidation is good for CDG.

 

no reason not to go lower.

spore1      ( Date: 19-Feb-2018 15:48) Posted: 1.90 is it possible leongyan      ( Date: 19-Feb-2018 15:40) Posted: XD is may.. so got room for CDG to ding dong up and down.. i reckon below $2 is a good pick.. today' s price not convincing for more pick up thoug

 

1.90 is it possible

leongyan      ( Date: 19-Feb-2018 15:40) Posted: XD is may.. so got room for CDG to ding dong up and down.. i reckon below $2 is a good pick.. today' s price not convincing for more pick up though wehuattogether88      ( Date: 19-Feb-2018 14:20) Posted: Finally some movement from CDG