ComfortDelGro    Last:1.29   -

ComfortDelGro fundamentally strong but price weak

Currently on a downtrend mode still. Another stock that outperformed market last year and facing problems now. This is not a year for defensive stocks for sure. Risk on market.

 

If everyone is taken private and looking at all big t related companies many are going down in terms of profit.
Sgx can close down . Unjustifiable to exist.

sbscap      ( Date: 19-Sep-2017 12:59) Posted: Sorry I didn' t add this ... there are no buy signals, so CG is going down and down. sbscap      ( Date: 19-Sep-2017 12:57) Posted: Signals for buying CG: 1. When most of the sell-side brokers turn bearish and give low target prices 2. When Uber and Grab start looking at profitability 3. When at least half the taxi drivers or half the Uber/Grab drivers told you they are indifferent to taxi or private hire vehicles 4. When CG price is less than 12x trailing 12M PE (don' t forget E is still falling) 5. When there is a possibility CG is going to be taken out (privatised)

 

indeed... data is everything nowadays...
those algorithm trader also buy data here and there to predict the market movment or create the market trend...

sgtrader18      ( Date: 19-Sep-2017 14:51) Posted: China got history that the gov want all these done by China company only. Baidu Tencent wechat. These tech give insight to real time people behavior patterns. They don't want another country to have such data. wanglausern      ( Date: 19-Sep-2017 13:49) Posted: Uber had to move out of China because it was DiDi who put Uber out of business. Now it looks like DiDi wants to help Grab kill Uber in S' pore and hence DiDi puts up USD1.65b together with Soft Bank' s USD350m. Ask any Grab/Uber driver and they will tell you currently Uber' s ridership has fallen by as much as 60% and so Comfort' s move to team with Uber will be futile. Uber' s car rental company, Lion City Rental has also run out of parking spaces for their tens of thousands of returned cars that LCR now resorts to selling 2nd hand cars. I think Comfort will continue to bleed and its share price may reach $1.60.

 

Although Temasek control CDG, it's overseas investment arm GIC have stakes in Grab & Uber.

Do you think it's better for Temasek to protect our small SG market or let GIC capture as much market share all over the world?

 

I suspect probably maybe SBS' s (CDG) higher bid for TEL included a " wee bit" of premium for the political risk of awarding the contract to SMRT at it' s time of distressed operationality. But I would suggest, if so, CDG might have miscalculated the eventual non-event of the PE resulting in minimal risks until the next GE which is not for at least a couple more years, by which time I expect SMRT' s legacy MRT lines to be running smoothly.

On a less conspiratory note, it could all have been a calculated move by CDG. If SBS wins the TEL contract, it would mean a lot more CAPEX for SBStransit and a substantial reduction of cashflow in the form of dividends filling up CDG' s warchest for the taxi battle going forward. I guess SBS' s bid took into account the needs of its parent company. Whether they win on a fat contract or lose to SMRT' s cut throat prices, ultimately it' d not impact CDG' s plan of (counter)attack.

investshare      ( Date: 19-Sep-2017 11:47) Posted: One thing that's worrying is that, if smrt bid on solely commercial purpose, i.e. They can make money with 30% lower fee than CDG, then question is why CDG cost so high? SMRT beats ComfortDelGro in bid for Thomson-East Coast Line operation SMRT's offer was 30% lower than SBS Transit's. SMRT beat SBS Transit (SBST), a company where ComfortDelGro owns 75%, in a bid to operate Thomson-East Coast Line (TEL) for an initial nine-year period.

 

China got history that the gov want all these done by China company only. Baidu Tencent wechat. These tech give insight to real time people behavior patterns. They don't want another country to have such data.

wanglausern      ( Date: 19-Sep-2017 13:49) Posted: Uber had to move out of China because it was DiDi who put Uber out of business. Now it looks like DiDi wants to help Grab kill Uber in S' pore and hence DiDi puts up USD1.65b together with Soft Bank' s USD350m. Ask any Grab/Uber driver and they will tell you currently Uber' s ridership has fallen by as much as 60% and so Comfort' s move to team with Uber will be futile. Uber' s car rental company, Lion City Rental has also run out of parking spaces for their tens of thousands of returned cars that LCR now resorts to selling 2nd hand cars. I think Comfort will continue to bleed and its share price may reach $1.60.

 

Uber had to move out of China because it was DiDi who put Uber out of business.

Now it looks like DiDi wants to help Grab kill Uber in S' pore and hence DiDi puts up USD1.65b together with Soft Bank' s USD350m.

Ask any Grab/Uber driver and they will tell you currently Uber' s ridership has fallen by as much as 60% and so Comfort' s move to team with Uber will be futile.

Uber' s car rental company, Lion City Rental has also run out of parking spaces for their tens of thousands of returned cars that LCR now resorts to selling 2nd hand cars.

I think Comfort will continue to bleed and its share price may reach $1.60.

 

My message is not about whether taxis are allowed to park in HDB estates, but it' s about so many thousands of taxis have been returned to Comfort that they' ve run out of parking spaces..

edwinjup      ( Date: 18-Sep-2017 20:27) Posted: Govt shouldn't let those empty taxi chop the hdb carpark.... wanglausern      ( Date: 18-Sep-2017 18:47) Posted: My nephew who used to drive for Comfort, last month switched to Grab. When he returned his  taxi to Comfort, the company made arrangements to  reimburse him  parking fee for him to park the returned taxi in his HDB estate because Comfort has run out of parking space.

 

Sorry I didn' t add this ... there are no buy signals, so CG is going down and down.

sbscap      ( Date: 19-Sep-2017 12:57) Posted: Signals for buying CG: 1. When most of the sell-side brokers turn bearish and give low target prices 2. When Uber and Grab start looking at profitability 3. When at least half the taxi drivers or half the Uber/Grab drivers told you they are indifferent to taxi or private hire vehicles 4. When CG price is less than 12x trailing 12M PE (don' t forget E is still falling) 5. When there is a possibility CG is going to be taken out (privatised)

 

Grab drivers enjoy moon cake from passengers response. What will they think of next idea... Maybe Xmas presents akan datang. Hahaha.

 

Signals for buying CG:
1. When most of the sell-side brokers turn bearish and give low target prices
2. When Uber and Grab start looking at profitability
3. When at least half the taxi drivers or half the Uber/Grab drivers told you they are indifferent to taxi or private hire vehicles
4. When CG price is less than 12x trailing 12M PE (don' t forget E is still falling)
5. When there is a possibility CG is going to be taken out (privatised)

 

credit suiise target price $3+ few days back . i sell you.

discount $2.80 i sell u la

sgtrader18      ( Date: 19-Sep-2017 11:15) Posted: In monopoly I like to buy the rails too. I am as rich as temasek in monopoly. MonkeyKingGod      ( Date: 19-Sep-2017 10:53) Posted: wow since 1 year ago alr shred 30+% liao haha - side jokes - every 3 cab disappear 1 & every 3 blue station disappear 1 also. extension of blue line no need open liao lol if fall till 1.72 - Temasek will laugh and buy remaining floating stake liao - all tunnels owned lol

 

Ooooops, broke below $2.
It' s name has lost its magic----- no more Comfort for retail shareholders.

 

Because everything moves up/down at a consistent rate right?

john_ric      ( Date: 19-Sep-2017 11:57) Posted: everyday drop 5-8 cents 10 days will be 50 - 80 cents which is quite scary!

 

Don' t be a cannon fairy. that is exaggerating way too much.

john_ric      ( Date: 19-Sep-2017 11:57) Posted: everyday drop 5-8 cents 10 days will be 50 - 80 cents which is quite scary!

 

everyday drop 5-8 cents 10 days will be 50 - 80 cents which is quite scary!

 

One thing that's worrying is that, if smrt bid on solely commercial purpose, i.e. They can make money with 30% lower fee than CDG, then question is why CDG cost so high?

SMRT beats ComfortDelGro in bid for Thomson-East Coast Line operation
SMRT's offer was 30% lower than SBS Transit's.

SMRT beat SBS Transit (SBST), a company where ComfortDelGro owns 75%, in a bid to operate Thomson-East Coast Line (TEL) for an initial nine-year period.

 

Dear investors, I was highlighting that comfort degro investor to run for cover , it was published in the straits times on January 15, 2017  with photo showing city cab building in sin ming avenue roof top was parked with hundred of taxis. I n woodlands you can see industrial buildings are used to park un-hired taxis in large numbers. Beside lost of rental, they are also losing in term of depreciation.

 

The building beside toa payoh is one the building. whole fleeting of idle cabs there.

samudra      ( Date: 19-Sep-2017 11:12) Posted: If you want to see where the taxis are parked, you can go to city cab building. The taxis are parked even in the rooftop. Some of the industry building are used to park taxis are in woodlands near woodlands spectrum 2 ( or rather the new building next to spectrum 2) as well as new building known as wave. investshare      ( Date: 18-Sep-2017 21:59) Posted: Got photo or not

 

It will be really frightening is they have to eventually write-off the unused taxi' s. Literally thousands are sitting idle now.

And on top of this, they are now having to lower the rental rates for the remaining taxis on the road.

Double whamp.

destinykraze      ( Date: 19-Sep-2017 10:43) Posted: Yup even before the upcoming results price already went below $2. I dont know how much lower it would go, since everyone knows every quarter results would be poorer then the other for the coming year. Probably $1.8 after they release results. MonkeyKingGod      ( Date: 19-Sep-2017 10:39) Posted: $2 lia