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1501-1520 of 2019
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BY
KENNETH CHENG
[email protected]: 4:00 AM, AUGUST 15, 2017
SINGAPORE ? Fresh from raising US$2 billion (S$2.72 billion) to fuel its growth, Grab is ramping up efforts to dominate the ride-hailing market and grow its payments platform.
In the next few weeks, the firm will be doubling the pool of vehicles on its fixed-fare JustGrab platform to more than 100,000 through its social ride-sharing service GrabHitch, Grab?s Singapore country head Lim Kell Jay told TODAY.
BY
KENNETH CHENG
[email protected]: 4:00 AM, AUGUST 15, 2017
SINGAPORE ? Fresh from raising US$2 billion (S$2.72 billion) to fuel its growth, Grab is ramping up efforts to dominate the ride-hailing market and grow its payments platform.
In the next few weeks, the firm will be doubling the pool of vehicles on its fixed-fare JustGrab platform to more than 100,000 through its social ride-sharing service GrabHitch, Grab?s Singapore country head Lim Kell Jay told TODAY.
Somewhere saw Philip securities TP $2.78 but unable to find the article.
DBS Cuts Earnings Forecast on ComfortDelGro Amid Uber, Grab Competition -- Market Talk
0322 GMT - DBS cuts its earnings forecast on ComfortDelGro (C52.SG) by 2% for this year and by 8% for the next as the Singapore-listed transport firm trims its taxi fleet amid stiff competition from taxi-hailing apps such as Uber and Grab. "Given the current challenges, we understand that the company is introducing lesser new taxis than those it retires," DBS notes. This comes as ComfortDelGro's 2Q net profit slips 6.8% from a year ago. DBS cuts its target price on the stock by 16% to S$2.33 while keeping a hold call. It hopes that the company will gain from its geographical diversification and improved contribution from Singapore bus contracts and turnaround in its railway operations. ([email protected] @journosaurabh)
(END) Dow Jones Newswires
0322 GMT - DBS cuts its earnings forecast on ComfortDelGro (C52.SG) by 2% for this year and by 8% for the next as the Singapore-listed transport firm trims its taxi fleet amid stiff competition from taxi-hailing apps such as Uber and Grab. "Given the current challenges, we understand that the company is introducing lesser new taxis than those it retires," DBS notes. This comes as ComfortDelGro's 2Q net profit slips 6.8% from a year ago. DBS cuts its target price on the stock by 16% to S$2.33 while keeping a hold call. It hopes that the company will gain from its geographical diversification and improved contribution from Singapore bus contracts and turnaround in its railway operations. ([email protected] @journosaurabh)
(END) Dow Jones Newswires
sorry. supposed to be 100 per lot, i still stuck in the 1000 per lot. my bad
BetterStill ( Date: 14-Aug-2017 11:34) Posted:
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May I know nowadays when ppl talk about 'lot' means how many shares?
MonkeyKingGod ( Date: 14-Aug-2017 10:48) Posted:
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i also think average price plays an important role, if it falls from the 52 week high till now, your capital gain will suffer more than your dividend yield, I bought my lots last year at 2.69, and that cost me SGD 5k+ for 2 lots.
shall have to park it there for long term dividend yield to gain back. hopefully the financial market dont crash before that.
shall have to park it there for long term dividend yield to gain back. hopefully the financial market dont crash before that.
investshare ( Date: 14-Aug-2017 10:13) Posted:
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I think depend on your average price..
marketreader ( Date: 14-Aug-2017 09:56) Posted:
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For disclosure i have about $70k worth of Comfort stock. My opinions not to ask anyone to buy or sell. Just sharing.
I am a fundamental investor and take the quarterly earnings seriously to compare numbers with perception. Comfort profits still holding up well. I personally take Uber and never look taxis another, but looks like their public transport business still growing. So perception is Uber will disrupt Comfort, but numbers still showing solid business fundamentals plus dividends and i like dividends as a minority investor. Public transport sector also protected by government for security reasons so it' s like a monopoly.
Always open to hear other' s opinions.
I am a fundamental investor and take the quarterly earnings seriously to compare numbers with perception. Comfort profits still holding up well. I personally take Uber and never look taxis another, but looks like their public transport business still growing. So perception is Uber will disrupt Comfort, but numbers still showing solid business fundamentals plus dividends and i like dividends as a minority investor. Public transport sector also protected by government for security reasons so it' s like a monopoly.
Always open to hear other' s opinions.
but at least we know that CDG is making $
grab CEO- we are profitable in some areas, but overall, we are unprofitable. funding from softbank
Uber - one of the top loss making $, CFO resign, CEO force to go.
Time will tell.
grab CEO- we are profitable in some areas, but overall, we are unprofitable. funding from softbank
Uber - one of the top loss making $, CFO resign, CEO force to go.
Time will tell.
unique6 ( Date: 14-Aug-2017 02:05) Posted:
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Don' t just look at Comfort only, to see the true effects of ride hailing apps on the taxi industry. See how it affects the weaker taxi companies. I heard SMRT even wants to jettison its taxi business. Btw does anyone feel that transcab and SMRT cabs have had their road presence reduced drastically of late? Almost seem like the only cab operator is Comfort, a testament to its strength as the incumbent.
investshare ( Date: 13-Aug-2017 20:36) Posted:
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Recent did a justgrab, a taxi came and share: biz affect badly.. many of them doing grab taxi in order don't need q 1 hour at airport or empty car wondering around..
But comfort already started flat fare thing. Better be late than never..
Also some taxi driver return taxi to drive grab! If u can't beat them, join them!!
CDG 33% - taxi longer run still affected but maybe not so bad..
But comfort already started flat fare thing. Better be late than never..
Also some taxi driver return taxi to drive grab! If u can't beat them, join them!!
CDG 33% - taxi longer run still affected but maybe not so bad..
There are so many people taking grab or uber even without promo code ..promo code are limited...we use to it. .just grab or uber...dont need wait at road side...dont need to pay cash ( use grabpay or credit card)...do u know use credit card to pay comfort..need to charge extra 10%..use net 30c...use grabpay. .no extra and got 5% off if spend $200
investshare ( Date: 13-Aug-2017 20:36) Posted:
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One question, when passenger take Grab using promo code, does it help or hurt CDG?
We know Grab is burning money for those promo, but it does help them to gain market share.
So shall CDG shareholders help by taking Grab using promo code?
We know Grab is burning money for those promo, but it does help them to gain market share.
So shall CDG shareholders help by taking Grab using promo code?
Taxi is only 33% of their revenue and it does hurt if the 33% isnt scoring high marks.
Think CDG did feel the pressure from price hire car but don't really take it that serious lah. Grab target is to kick Uber out not ruin tranditional taxi biz. So CDG managerment level still quite relax. For sure it's that they won't burn monies like grab or Uber de. For them profit always comes first cos got to answer to you all these fussy shareholders mah. See now profit drop liao still got to top up the dividends a bit to satisfy you all.
Cannot meh? Every time I told the driver I am waiting at taxi stand there. No one says anything wat....
bishan22 ( Date: 12-Aug-2017 16:15) Posted:
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Some taxi stands double up as a pick up point. So hard to say is a taxi stand or a pick up point.
sengsk ( Date: 12-Aug-2017 17:18) Posted:
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Its because the FamiLEE got the share of Grab.
bishan22 ( Date: 12-Aug-2017 16:15) Posted:
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Grab car cannot use taxi stand for pick up and alight... why still allow grab car to operate... seow liao......
unique6 ( Date: 12-Aug-2017 15:01) Posted:
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I see many many empty taxi while myself taking grab with the promo codes..
Consumers take the cheapest option.
More storm ahead while the competition heats up.
Consumers take the cheapest option.
More storm ahead while the competition heats up.