ComfortDelGro    Last:1.29   -

ComfortDelGro fundamentally strong but price weak

more likely cdg will give uber a commission % of every trip. seems +ve imo since it will help the drivers. 

currently uber takes 20% from their drivers if i' m not wrong.

jusforshare      ( Date: 23-Aug-2017 08:20) Posted: -ve to the investor as they need to pay $ to get app?!

 

-ve to the investor as they need to pay $ to get app?!

 

Heard comfort start cutting rental for i 40 drivers from aug....$6 to $10 per day...or 5 to 8%.. ..

 

Would ComfortDelGro management goes into exclusive discussions with Uber if it is not to their advantage?

Ask yourself, as a businessman, would you do something that does not bring benefits to yourself? Unless it is a charitable act.

Singapore government always signs deals with foreign countries that bring mutual benefits, not one sided gains.

 

 

Remind me of Sadamm and Castro. Lol. CDG will long live. But the price will correct.

Goldfinger      ( Date: 22-Aug-2017 21:04) Posted: The enemy of my enemy is now my Friend. john_ric      ( Date: 22-Aug-2017 20:57) Posted: from another view point. comfort is sharing business with uber.

 

I view this positively as its win win situation. 
​ 1. CDG driver who if not alrdy using Grab are now officially able to use the appln and drive CDG taxi , hv to be positive as there are an additional channel for income. 
​ 2. Grab drivers in fact are at an disadvantage now 
​ Whatever it has to be positive. 

KiLrOy      ( Date: 22-Aug-2017 22:45) Posted: I am pretty negative with this piece of news though.   Clearly ' throwing a white towel' news to me.

 

I am pretty negative with this piece of news though.   Clearly ' throwing a white towel' news to me. 

 

As the old adage goes

If u cant beat ' em, join ' em.

Tomorrow, comfort will offer me tons of comfort.

Gap up arrrrrrrr

f16force      ( Date: 22-Aug-2017 18:20) Posted: COMFORTDELGRO CORPORATION LIMITED (Company Registration No. 200300002K) EXCLUSIVE DISCUSSIONS IN RELATION TO A POTENTIAL STRATEGIC ALLIANCE ComfortDelGro Corporation Limited (the " Company" ) wishes to announce that the Company has signed an exclusivity letter with Uber Technologies, Inc. (" Uber" ) for exclusive discussions in relation to forming a potential strategic alliance between the Company and Uber, which may include collaboration in relation to management of fleet vehicles and booking software solutions in Singapore, including the Company&rsquo s taxis also being made available on Uber&rsquo s app (" Potential Strategic Alliance&rdquo ). The Company believes that the Potential Strategic Alliance will strengthen the Company' s position as a major mobility service provider in Singapore. There is no certainty or assurance that such discussions between the Company and Uber will result in any definitive agreement or transaction or lead to a consummation of the Potential Strategic Alliance. The Company will, in compliance with its obligations under the Listing Manual of the SGX-ST, make an appropriate announcement in the event that there is any material development in relation to the Potential Strategic Alliance. In the meantime, shareholders of the Company are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company as there is no certainty or assurance as at the date of this announcement that any definitive agreements will be entered into in relation to the Potential Strategic Alliance. Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they have any doubt about the actions that they should take. None of the Directors and controlling shareholders of the Company have an interest, direct or indirect, in the Potential Strategic Alliance. By Order of the Board  Is this good news?

 

If u book a comfort cab at lucky plaza at 6pm....the starting.fare will be.$3.30 (call)..+ $3 (cbd)..+ $3.70 (start fare )...$1(extra 25% surcharge ....$11 even then taxi yet to move 1cm..lol...

latebird2000      ( Date: 22-Aug-2017 21:25) Posted: Size do make a different if they use it correctly. So far CDG is too slow in responding to anything/everything. I wonder, whether they still have many and confusing charges ? Goldfinger      ( Date: 22-Aug-2017 20:47) Posted: This will potentially wipe out Grab given CDG's size. Can also tie up on the MRT side with cross discounts for those switching from cab to MRT and buses.

 

Size do make a different if they use it correctly.
So far CDG is too slow in responding to anything/everything.

I wonder, whether they still have many and confusing charges ?

Goldfinger      ( Date: 22-Aug-2017 20:47) Posted: This will potentially wipe out Grab given CDG's size. Can also tie up on the MRT side with cross discounts for those switching from cab to MRT and buses.

 

The enemy of my enemy is now my Friend.

john_ric      ( Date: 22-Aug-2017 20:57) Posted: from another view point. comfort is sharing business with uber.

 

from another view point. comfort is sharing business with uber.

 

This will potentially wipe out Grab given CDG's size. Can also tie up on the MRT side with cross discounts for those switching from cab to MRT and buses.

 

Sounds like a declaration of war against Grab. Congrats in advance to phv and taxi drivers and riders.

f16force      ( Date: 22-Aug-2017 18:20) Posted: COMFORTDELGRO CORPORATION LIMITED (Company Registration No. 200300002K) EXCLUSIVE DISCUSSIONS IN RELATION TO A POTENTIAL STRATEGIC ALLIANCE ComfortDelGro Corporation Limited (the " Company" ) wishes to announce that the Company has signed an exclusivity letter with Uber Technologies, Inc. (" Uber" ) for exclusive discussions in relation to forming a potential strategic alliance between the Company and Uber, which may include collaboration in relation to management of fleet vehicles and booking software solutions in Singapore, including the Company&rsquo s taxis also being made available on Uber&rsquo s app (" Potential Strategic Alliance&rdquo ). The Company believes that the Potential Strategic Alliance will strengthen the Company' s position as a major mobility service provider in Singapore. There is no certainty or assurance that such discussions between the Company and Uber will result in any definitive agreement or transaction or lead to a consummation of the Potential Strategic Alliance. The Company will, in compliance with its obligations under the Listing Manual of the SGX-ST, make an appropriate announcement in the event that there is any material development in relation to the Potential Strategic Alliance. In the meantime, shareholders of the Company are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company as there is no certainty or assurance as at the date of this announcement that any definitive agreements will be entered into in relation to the Potential Strategic Alliance. Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they have any doubt about the actions that they should take. None of the Directors and controlling shareholders of the Company have an interest, direct or indirect, in the Potential Strategic Alliance. By Order of the Board  Is this good news?

 

I just wonder the empty cars parking there for what...no need pay COE meh?

alexchew      ( Date: 22-Aug-2017 18:37) Posted: they forgot to add, in order to co-exist, something have to comprise. Flagdown and booking fees of taxi have to come down == And when it does, taxi drivers will switch to private cars for more flexibility and a private car to use on their own. Rental rates have to reduced for taxi and increase in idle taxis in the yard. Another matter is COE for taxi is only 7 years which the government have to address.  Plenty of work to be done before these two can co-exist peacefully.  Comfort price has to adjust lower to its NAV, else, it doesnt make sense to buy in at this price. $1.50 will be a better price to get excited. Now, better to park all your money in property counters which are well 40% below NAV...  BetterStill      ( Date: 22-Aug-2017 17:23) Posted: ComfortDelGro's taxi fleet down to 15,600 No thanks to the rising popularity of Grab and Uber. Singapore cabbies are feeling the heat from the intense competition from private car hire firms like Grab and Uber. This is especially apparent with the shrinking size of ComfortDelGro's taxi fleet. According to DBS Group Research, whilst the group is less impacted, its fleet size has also shrunk recently to 15,600 as of June this year from about 16,800 taxis in December last year. "The group has implemented more flexible rental schemes to attract and retain drivers," analyst Andy Sim said. The analyst added, "Whilst there could be near-term headwinds, we believe that private cars for hire and taxis would co-exist over the longer-term."

 

Lots of comfort drivers already join grabtaxi......so feel nothing great...lol..see who cheap i take who.....

 

they forgot to add, in order to co-exist, something have to comprise. Flagdown and booking fees of taxi have to come down == And when it does, taxi drivers will switch to private cars for more flexibility and a private car to use on their own. Rental rates have to reduced for taxi and increase in idle taxis in the yard. Another matter is COE for taxi is only 7 years which the government have to address. 

Plenty of work to be done before these two can co-exist peacefully. 

Comfort price has to adjust lower to its NAV, else, it doesnt make sense to buy in at this price. $1.50 will be a better price to get excited. Now, better to park all your money in property counters which are well 40% below NAV... 

BetterStill      ( Date: 22-Aug-2017 17:23) Posted: ComfortDelGro's taxi fleet down to 15,600 No thanks to the rising popularity of Grab and Uber. Singapore cabbies are feeling the heat from the intense competition from private car hire firms like Grab and Uber. This is especially apparent with the shrinking size of ComfortDelGro's taxi fleet. According to DBS Group Research, whilst the group is less impacted, its fleet size has also shrunk recently to 15,600 as of June this year from about 16,800 taxis in December last year. "The group has implemented more flexible rental schemes to attract and retain drivers," analyst Andy Sim said. The analyst added, "Whilst there could be near-term headwinds, we believe that private cars for hire and taxis would co-exist over the longer-term."

 

 

Drivers would much prefer to drive private cars vs Taxis. Private cars have much more flexibility for both work and play.

 

Uber taxi = comfort taxi.....lol