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1461-1480 of 2019
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."
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."
Very soon, people will be asking, if their fleet of taxis are assets or liabilities..
errrr... continue with its down-trending...
but their price also shoot up when one go work and off work. but to be fair its easier to have a car waiting for me then i chase after a cab on the road.
edwinjup ( Date: 18-Aug-2017 13:06) Posted:
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i see..so delgro becomes another grab...
yes deldro haskiterallv graab taxis in london...hahahhaah
yes deldro haskiterallv graab taxis in london...hahahhaah
investshare ( Date: 20-Aug-2017 20:28) Posted:
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It show Grab can better manage the utilization and potential to expand revenue.
bernardc ( Date: 20-Aug-2017 14:35) Posted:
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what impact on delgro?/
investshare ( Date: 20-Aug-2017 12:28) Posted:
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More innovation:
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Refresh your wardrobe with Grab and H&M!
This 18?20 August, from 11am?3pm, score two H&M 15% OFF vouchers per bag of garments ? no matter the type, textile, condition, or brand ? when you book a FREE pick-up to recycle your unwanted clothes.
It?s the perfect excuse to refresh your wardrobe. Here?s how:
Tap on the Ride Selection Bar and choose the special H&M icon.
Enter your Pick-up location (Available in the Klang Valley, Penang Island, and Johor Bahru only).
Select the following nearest participating H&M store as your Drop-off location:
H&M 1 Utama (Klang Valley)
H&M Sunway Pyramid (Klang Valley)
H&M Avenue K (Klang Valley)
H&M Gurney Paragon (Penang Island)
H&M Tebrau City (Johor Bahru)
Tap on Book. Hand over your bag of unwanted garments to the driver to receive the vouchers.
Don?t let fashion go to waste! Recycle your clothes with H&M and Grab today!
Find out more about H&M?s year-long garment recycling programme here.
Zhun Kar leh ... Congrats on your accumulation yesterday. Today Huat. Next time must jio ok?
thatman ( Date: 17-Aug-2017 17:38) Posted:
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their taxis..under attack..
change or die
change or die
MonkeyKingGod ( Date: 18-Aug-2017 15:12) Posted:
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it depends who wants to offer to privatise it. SMRT got privatize. this is like the last transport operator, other than SBS which comfort is also under comfort. I hope they privatise to end my misery haha. this is like a cash cow.
who dont take bus/train, and comfort have operations overseas as well.
who dont take bus/train, and comfort have operations overseas as well.
BetterStill ( Date: 18-Aug-2017 12:49) Posted:
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Grab give $4 *4times next week.
If any plan in mind to privatize it, they should start buying back shares isn't it?
MonkeyKingGod ( Date: 18-Aug-2017 11:25) Posted:
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Too much fear and nay sayers. It will survive but the share price might continue to dip due to those TA people who keeps shorting without looking at fundamentals.
Fundamentall nothing has changed. Today it might be losing money doesn' t mean it will lose the next quarter.
Fundamentall nothing has changed. Today it might be losing money doesn' t mean it will lose the next quarter.
the usual trick is to press share price down and down ( to say $0.9) and buy back/ privatise to , say $1.10 < a ' premium' of 20 cents > .
.
.
MonkeyKingGod ( Date: 18-Aug-2017 11:25) Posted:
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cut loss or go short now before it drop below $2
john_ric ( Date: 18-Aug-2017 12:25) Posted:
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This company' s heydays are over. Now only their overseas businesses are doing well.
Comfort is slashing fares, so much spare capacity of taxis, weak prospects ahead. Uber and Grab will definitely be growing in the years ahead to taxi' s disadvantage. Any fool can see that.
Comfort is slashing fares, so much spare capacity of taxis, weak prospects ahead. Uber and Grab will definitely be growing in the years ahead to taxi' s disadvantage. Any fool can see that.
july 2016 - $3.00
today - 2.15.
down a heart breaking 28%.////////
today - 2.15.
down a heart breaking 28%.////////
To me it seems the mgmt is in paralysis on how to handle Grab & Uber. Most IT savy commuters are using these 2 at shopping centers.
Technically I think price will fall below $2.10 in the short term. Just keep on watching before you buy!
Technically I think price will fall below $2.10 in the short term. Just keep on watching before you buy!
i hope they farm so much cash to privatise themself or let temasek buy back. win win for everyone. unless you buy at $3+
BetterStill ( Date: 17-Aug-2017 21:34) Posted:
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