ComfortDelGro    Last:1.29   -

ComfortDelGro fundamentally strong but price weak

GrabDurian ... why CDG cannot be creative?


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Hope they win the Thomson East coast MRT line. That might mitigate the competition from Uber and Grab. SMRT, with the recent signalling problems, probably have their plates full still. When will the contract be awarded?

pool100      ( Date: 11-Aug-2017 18:14) Posted: Results quite jialat. Revenues and profits have stopped growing and very likely peaked in the preceding year. Management gave bearish outlook guidance on most of their revenue streams. Taxi related biz will soon go out of business with the strong growth of Grab and Uber. From what i understand, many taxi drivers have been jumping ship and moving over. This is just the beginning of the end of Comfort' s taxi model. It will only get worse. Just like what happened to Nokia and Kodak.

 

You may be right. The Q-on-Q change in " taxi drivers' benefit' is quite telling.

alexchew      ( Date: 10-Aug-2017 11:39) Posted: comfort will test new lows for sure... I already sounded out few weeks ago, and indeed it went down further. Actually, how do we know whether there is a conflict of interest in the current management? Will they have already set up a rental company to work with uber/grab privately? I saw my house car park, it was once full of taxi, now all changed to private cars on hire.. It occurs to me that, well, the taxi owner could have possibly already deployed his capital into private cars.

 

Interesting . Seems that they have a lot of cash flow and the share price almost history low. Why they dun buy back? Weird .....however dividend better than last year ,yippee !!!

joshlai86      ( Date: 11-Aug-2017 23:06) Posted: You can start caring by going to sgx website and look at their financials. 4.35cents dividends. Xd 17aug. Payable 28aug. String free cash flow, more than sufficient to maintain last year's payout.

 

You can start caring by going to sgx website and look at their financials. 4.35cents dividends. Xd 17aug. Payable 28aug. String free cash flow, more than sufficient to maintain last year's payout.

 

I dun really care their short run or long run. My concern is ,"are they paying dividends this time?if so, how much and when?"

 

I think u r missing the point. The price corrected because mkt knew the taxi biz is going down. Whats different this quarter is the operating margins for the taxi Biz held up quite well despite the rev fall. That's positive. Long term trends r a separate matter. Businesses have time to reinvent. Then how is it that oil companies are still making profits despite the long term irrelevance of oil going forward. Businesses can adapt n reinvent.

 

Precisely because the market is forward looking that' s why I think the stock price will collapse in the foreseeable future.

The top and bottom lines are falling and only confirm what the market is speculating - that the business is starting a downtrend in terms of profitability.

 

I disagree. Yoy the results look bad but mkts r fwd looking. The results picked up qoq. That's positive.

MonkeyKingGod      ( Date: 11-Aug-2017 18:08) Posted: monday will fall joshlai86      ( Date: 11-Aug-2017 18:01) Posted: A good set of results. Taxi revenue drop 10% but op profit up 20% qoq. Seems like we hv seen the bottom at 2.2

 

Grab just secured billions of dollars of funding...

https://techcrunch.com/2017/07/23/grab-raises-2b-from-didi-chuxing-and-softbank/

MonkeyKingGod      ( Date: 11-Aug-2017 18:19) Posted: unless Uber & grab run out of funding pool100      ( Date: 11-Aug-2017 18:14) Posted: Results quite jialat. Revenues and profits have stopped growing and very likely peaked in the preceding year. Management gave bearish outlook guidance on most of their revenue streams. Taxi related biz will soon go out of business with the strong growth of Grab and Uber. From what i understand, many taxi drivers have been jumping ship and moving over. This is just the beginning of the end of Comfort' s taxi model. It will only get worse. Just like what happened to Nokia and Kodak.

 

But SBS itself result quite leh...not helping at all?

 

unless Uber & grab run out of funding

pool100      ( Date: 11-Aug-2017 18:14) Posted: Results quite jialat. Revenues and profits have stopped growing and very likely peaked in the preceding year. Management gave bearish outlook guidance on most of their revenue streams. Taxi related biz will soon go out of business with the strong growth of Grab and Uber. From what i understand, many taxi drivers have been jumping ship and moving over. This is just the beginning of the end of Comfort' s taxi model. It will only get worse. Just like what happened to Nokia and Kodak.

 

Results quite jialat. Revenues and profits have stopped growing and very likely peaked in the preceding year.

Management gave bearish outlook guidance on most of their revenue streams.

Taxi related biz will soon go out of business with the strong growth of Grab and Uber. From what i understand, many taxi drivers have been jumping ship and moving over.

This is just the beginning of the end of Comfort' s taxi model. It will only get worse. Just like what happened to Nokia and Kodak.

 

monday will fall

joshlai86      ( Date: 11-Aug-2017 18:01) Posted: A good set of results. Taxi revenue drop 10% but op profit up 20% qoq. Seems like we hv seen the bottom at 2.2

 

A good set of results. Taxi revenue drop 10% but op profit up 20% qoq. Seems like we hv seen the bottom at 2.2

 

Double top at 2.35. Let' s see if 2.30 holds, now 2.30 sitting at 20day MA. Tomorrow AMC is the 2Q17 result, interesting.

 

comfort will test new lows for sure... I already sounded out few weeks ago, and indeed it went down further.

Actually, how do we know whether there is a conflict of interest in the current management? Will they have already set up a rental company to work with uber/grab privately? I saw my house car park, it was once full of taxi, now all changed to private cars on hire.. It occurs to me that, well, the taxi owner could have possibly already deployed his capital into private cars. 

 

Earnings drop. Divi prop it up.. dunno.. time will tell

BetterStill      ( Date: 10-Aug-2017 10:56) Posted: It definitely will turn ugly after 11aug. But there is still sth to expect for Oct ) btw, where is the fellow saying $3.7 by July ? Anyone got see him? ) leongyan      ( Date: 10-Aug-2017 08:42) Posted: Reminder for those who bought high to exit if u can.. maybe u can break even or lessen the cost

 

It definitely will turn ugly after 11aug. But there is still sth to expect for Oct ) btw, where is the fellow saying $3.7 by July ? Anyone got see him? )

leongyan      ( Date: 10-Aug-2017 08:42) Posted: Reminder for those who bought high to exit if u can.. maybe u can break even or lessen the cost leongyan      ( Date: 05-Aug-2017 08:21) Posted: Wait for against div.. time for those that bought highbto cut los

 

Reminder for those who bought high to exit if u can.. maybe u can break even or lessen the cost

leongyan      ( Date: 05-Aug-2017 08:21) Posted: Wait for against div.. time for those that bought highbto cut loss Tommy12356      ( Date: 04-Aug-2017 23:35) Posted: Look like going u