ComfortDelGro    Last:1.29    -0.01

ComfortDelGro fundamentally strong but price weak

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

 

Finally some movement from CDG

 

Either CDG come out with a better promo / price competing Or I dun think commuters will change ship due to majority are too use to their 
application.
Just a words, Money can only change system.
In this world , No money no talk
Money, Money Money very funny. In the rich man' s world.

wehuattogether88      ( Date: 19-Feb-2018 10:19) Posted: I might think that due to the consolidation of Uber to Grab, CDG might be better off with less competition.. xxadidasxx      ( Date: 19-Feb-2018 09:59) Posted: Time to sell

 

I might think that due to the consolidation of Uber to Grab, CDG might be better off with less competition..

xxadidasxx      ( Date: 19-Feb-2018 09:59) Posted: Time to sell

 

Time to sell

 

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.

 

Why do you think this news is negative to CDG? The market is complicated and messs currently, and it is not getting clearer going forward. 1) CDG is to acquire LCR, not Uber, and that is subject to approval by CCS. 2) I believe Grab going to buy over Uber is also subject to CCS approval, since it will result in monopoly of ride hailing company. Assuming both 1 and 2 are approved, then CDG is going towards becoming hard assets (fleet) owner and manager, CDG doesn't really care if its hirer (taxi drivers of PHVs drivers alike) make money or not. But we have to know that CDG taxis are the most popular now because it can take CDG call jobs, street hails, Grab call jobs and Uber call jobs, and in future LCR cars will be preferred over other cars because of better maintenance and cheaper petrol. And you must know that currently, some Grab drivers rent from LCR too. I believe the purpose of Grab buying Uber is to consolidate and synergize operations and business, and after that will be profit making. This is what I have been hoping all these while. If Grab and Uber raise fares, CDG will sure gain. After Grab buys over Uber, it must decide on LCR. It either (1) co-exists with CDG, (2) buys over 51% of LCR or (3) sells 49% of LCR to CDG. Case 1 : I think very unlikely because Grab and CDG are sworn enemies, and CDG can make things really difficult for Grab regarding the operations of LCR if they choose to co exist, Case 2 : CDG, knowing Grab's eagerness to monopolize the market, is likely to ask for sky-high price of the 51% of LCR, in this case it is a winfall for CDG, Case 3 : I think CDG is not so naive to buy over 49% of LCR, it is not worth it as with 51%, it already can control the operations. So if the news is negative, it is only negative to riders. Cheap rides will be the days of the past. Riders are the worst losers, followed by Uber. Grab will be the big winner, CDG the small winner. My 2-cent.

guards80      ( Date: 17-Feb-2018 12:39) Posted: Monday most likely will sell down Starship      ( Date: 17-Feb-2018 11:42) Posted: After courting Comfort just recently, the flirtatious Uber is now offering to marry into Grab : Uber is preparing to sell Southeast Asia unit to Grab in exchange for stake in company: Sources Published 9 Hours Ago    Updated 5 Hours Ago Uber is preparing to sell its Southeast Asia business to Singapore' s Grab in exchange for a sizable stake in the company, according to two sources with knowledge of the matter. The move would mimic Uber' s strategy in China, where the company  sold its ride-hailing operation  to Didi for 20 percent ownership, and Russia, where the company merged its local business  with Yandex' s  ride-hailing business for a 37 percent stake. The objective would be to help Uber reel in its costs in preparation for an IPO as soon as next year, said the sources, who asked not to be named because the discussions are confidential. https://www.cnbc.com/2018/02/16/uber-preparing-to-sell-southeast-asia-unit-to-grab.html

 

Might be good news for comfort, share price might go
Up

guards80      ( Date: 17-Feb-2018 12:39) Posted: Monday most likely will sell down Starship      ( Date: 17-Feb-2018 11:42) Posted: After courting Comfort just recently, the flirtatious Uber is now offering to marry into Grab : Uber is preparing to sell Southeast Asia unit to Grab in exchange for stake in company: Sources Published 9 Hours Ago    Updated 5 Hours Ago Uber is preparing to sell its Southeast Asia business to Singapore' s Grab in exchange for a sizable stake in the company, according to two sources with knowledge of the matter. The move would mimic Uber' s strategy in China, where the company  sold its ride-hailing operation  to Didi for 20 percent ownership, and Russia, where the company merged its local business  with Yandex' s  ride-hailing business for a 37 percent stake. The objective would be to help Uber reel in its costs in preparation for an IPO as soon as next year, said the sources, who asked not to be named because the discussions are confidential. https://www.cnbc.com/2018/02/16/uber-preparing-to-sell-southeast-asia-unit-to-grab.html

 

Monday most likely will sell down

Starship      ( Date: 17-Feb-2018 11:42) Posted: After courting Comfort just recently, the flirtatious Uber is now offering to marry into Grab : Uber is preparing to sell Southeast Asia unit to Grab in exchange for stake in company: Sources Published 9 Hours Ago    Updated 5 Hours Ago Uber is preparing to sell its Southeast Asia business to Singapore' s Grab in exchange for a sizable stake in the company, according to two sources with knowledge of the matter. The move would mimic Uber' s strategy in China, where the company  sold its ride-hailing operation  to Didi for 20 percent ownership, and Russia, where the company merged its local business  with Yandex' s  ride-hailing business for a 37 percent stake. The objective would be to help Uber reel in its costs in preparation for an IPO as soon as next year, said the sources, who asked not to be named because the discussions are confidential. https://www.cnbc.com/2018/02/16/uber-preparing-to-sell-southeast-asia-unit-to-grab.html

 

After courting Comfort just recently, the flirtatious Uber is now offering to marry into Grab :

Uber is preparing to sell Southeast Asia unit to Grab in exchange for stake in company: Sources
Published 9 Hours Ago    Updated 5 Hours Ago

Uber is preparing to sell its Southeast Asia business to Singapore' s Grab in exchange for a sizable stake in the company, according to two sources with knowledge of the matter.

The move would mimic Uber' s strategy in China, where the company  sold its ride-hailing operation  to Didi for 20 percent ownership, and Russia, where the company merged its local business  with Yandex' s  ride-hailing business for a 37 percent stake. The objective would be to help Uber reel in its costs in preparation for an IPO as soon as next year, said the sources, who asked not to be named because the discussions are confidential.

https://www.cnbc.com/2018/02/16/uber-preparing-to-sell-southeast-asia-unit-to-grab.html

 

" EVEN ...even if CDG can hold to last breath ....how much has it lost by then . Further Grab and Uber is not going away ....."

 

Talk so much for what? When close to dividend date 14/05 , the share price will tell everything, just wait & see.

 

EVEN ...even if CDG can hold to last breath ....how much has it lost by then . Further Grab and Uber is not going away .....so what is the point of holding on to this thining margin business

i beg to differ, thou it is a thining margin business, CD only reported lower profit but still positive earnings to shareholders, if you take a look on the news of the financial health and profits of grab/Uber - day 1 to present, huge losses.

as a listed coy, CD cannot afford to do this as they need to report earnings but those 2 private coy doesnt have to, they have plenty of cash for softbank to burn.

but i do agree they need to venture into new business to grow their earnings. they are not behind time in taxi, just cannot afford to loss, but of cos i agree behind time in technology

FATABA      ( Date: 14-Feb-2018 10:27) Posted: Many dont thk the LCR acq is good in the first place. ( more so adding to the issue /time will tell ) EVEN ...even if CDG can hold to last breath ....how much has it lost by then . Further Grab and Uber is not going away .....so what is the point of holding on to this thining margin business...Certainly not asking them to give up ....but re-group , re-structuring . Even Vicom business is down w less cars going forward. CDG mgt is far behind time .....I thk ( my view only ) ....the catching up is one too late w this mgt group seba240698      ( Date: 14-Feb-2018 10:17) Posted: The so called "pillar" CDG is banging on is LCR acquisition, if it does it well, it can get away from its current dire situation. If it is not approved or it does not execute it well, then it must either exit taxi biz in Singapore, or hopes for Grab and Uber to bleed to death. 2018/19 is somehow like who is able to hold to its last breath...

 

Many dont thk the LCR acq is good in the first place. ( more so adding to the issue /time will tell )
EVEN ...even if CDG can hold to last breath ....how much has it lost by then . Further Grab and Uber is not going away .....so what is the point of holding on to this thining margin business...Certainly not asking them to give up ....but re-group , re-structuring . Even Vicom business is down w less cars going forward. CDG mgt is far behind time .....I thk ( my view only ) ....the catching up is one too late w this mgt group

seba240698      ( Date: 14-Feb-2018 10:17) Posted: The so called "pillar" CDG is banging on is LCR acquisition, if it does it well, it can get away from its current dire situation. If it is not approved or it does not execute it well, then it must either exit taxi biz in Singapore, or hopes for Grab and Uber to bleed to death. 2018/19 is somehow like who is able to hold to its last breath...

 

The so called "pillar" CDG is banging on is LCR acquisition, if it does it well, it can get away from its current dire situation. If it is not approved or it does not execute it well, then it must either exit taxi biz in Singapore, or hopes for Grab and Uber to bleed to death. 2018/19 is somehow like who is able to hold to its last breath...

 

CDG really need to reorganize their businesses profolio.
I believe once they adjust their businessfor reduce on their taxi and convert it towards vehicle maintenance and service.
This could able to bring in more revenue and profit.
I also believe they do have some plan. But I still waiting for the price if it could behave towards to 1.80 - 1.85
( Just a sharing concept, Not offencing those who still hold with it )

FATABA      ( Date: 14-Feb-2018 09:53) Posted: As expected even if SBS transit do well.  CDG need to find a proper new venture to overcome this taxi issue which will be worst  w Grab/Uber . I dont expect this division to return to the good old days....so has CDG find this new pillar ? NO.  sengsk      ( Date: 14-Feb-2018 09:46) Posted: SINGAPORE (Feb 13): Transport operator Co ComfortDelGro posts 4.9% drop in FY17 earnings to $301.5 mil as competition in taxi business heats up By:  Stanislaus Jude Chan 13/02/18, 05:33 pmmfortDelGro Corporation recorded a 4.9% decline in earnings to $301.5 million for the full year ended December, from $317.1 million a year ago. This was on the back of an $88.6 million dip in revenue for FY17, which fell 2.2% to $3.97 billion amid an increasingly competitive environment, particularly in the taxi business segment. Actual revenue decrease of $54.1 million was due largely to a drop in the taxi and automotive engineering services businesses, while an unfavourable foreign currency translation of $34.5 million further compounded the decline.   Full-year revenue for the taxi business fell 9.9% to $1.21 billion, largely due to increased competition, while revenue from the group&rsquo s inspection and testing services business declined 2.9% to $104.0 million in FY17. The lower revenue was partially mitigated by a 3.6% improvement in full-year revenue from the public transport services business to $2.39 billion. As at end December, cash and cash equivalents stood at $596.2 million. ComfortDelGro has proposed a final dividend of 6.05 cents per share for FY17, the same as the final dividend paid a year ago. Together with the interim dividend of 4.35 cents paid earlier, this brings the total dividend for FY17 to 10.40 cents per share, representing a payout ratio of 74.6% &ldquo 2017 was a very challenging year for the group, most notably in the taxi business. The intense competition from ride-hailing apps has taken a toll on traditional taxi businesses everywhere,&rdquo says Yang Ban Seng, managing director and group CEO of ComfortDelGro. &ldquo But we have taken it in our stride and continue to strengthen our relationship with our driver partners and find ways to improve their earnings,&rdquo he adds. &ldquo The alliance that we entered into with Uber Technologies in December 2017 seeks to widen the revenue base for our driver partners and the group, as well as provide more mobility choices for our customers.&rdquo See: ComfortDelGro and Uber finally join forces Looking ahead, ComfortDelGro says it expects the operating environment to remain tough. &ldquo We will actively look for opportunities to grow and expand the business, both in Singapore and overseas,&rdquo says Yang. Shares of ComfortDelGro closed flat at $2.01 on Tuesday.

 

As expected even if SBS transit do well. 
CDG need to find a proper new venture to overcome this taxi issue which will be worst  w Grab/Uber .
I dont expect this division to return to the good old days....so has CDG find this new pillar ?
NO. 

sengsk      ( Date: 14-Feb-2018 09:46) Posted: SINGAPORE (Feb 13): Transport operator Co ComfortDelGro posts 4.9% drop in FY17 earnings to $301.5 mil as competition in taxi business heats up By:  Stanislaus Jude Chan 13/02/18, 05:33 pmmfortDelGro Corporation recorded a 4.9% decline in earnings to $301.5 million for the full year ended December, from $317.1 million a year ago. This was on the back of an $88.6 million dip in revenue for FY17, which fell 2.2% to $3.97 billion amid an increasingly competitive environment, particularly in the taxi business segment. Actual revenue decrease of $54.1 million was due largely to a drop in the taxi and automotive engineering services businesses, while an unfavourable foreign currency translation of $34.5 million further compounded the decline.   Full-year revenue for the taxi business fell 9.9% to $1.21 billion, largely due to increased competition, while revenue from the group&rsquo s inspection and testing services business declined 2.9% to $104.0 million in FY17. The lower revenue was partially mitigated by a 3.6% improvement in full-year revenue from the public transport services business to $2.39 billion. As at end December, cash and cash equivalents stood at $596.2 million. ComfortDelGro has proposed a final dividend of 6.05 cents per share for FY17, the same as the final dividend paid a year ago. Together with the interim dividend of 4.35 cents paid earlier, this brings the total dividend for FY17 to 10.40 cents per share, representing a payout ratio of 74.6% &ldquo 2017 was a very challenging year for the group, most notably in the taxi business. The intense competition from ride-hailing apps has taken a toll on traditional taxi businesses everywhere,&rdquo says Yang Ban Seng, managing director and group CEO of ComfortDelGro. &ldquo But we have taken it in our stride and continue to strengthen our relationship with our driver partners and find ways to improve their earnings,&rdquo he adds. &ldquo The alliance that we entered into with Uber Technologies in December 2017 seeks to widen the revenue base for our driver partners and the group, as well as provide more mobility choices for our customers.&rdquo See: ComfortDelGro and Uber finally join forces Looking ahead, ComfortDelGro says it expects the operating environment to remain tough. &ldquo We will actively look for opportunities to grow and expand the business, both in Singapore and overseas,&rdquo says Yang. Shares of ComfortDelGro closed flat at $2.01 on Tuesday.

 

Share price stable for now.. waiting for re entry

 

 

If buy comfort today $2 , after 3 month can collect $0.0605, it 3% return just in 3 mth, equal to 1month 1% interest. Just buy some to earn 3% interest in 3 mth, believe share price will shoot up when close to dividend x date.