ComfortDelGro    Last:1.3   -

ComfortDelGro fundamentally strong but price weak

Grab n uber killed this counter.

 

Any ideas when the taxi fare is going to go down...since train/bus fares will be going down. Oil prices are half from its peak.

Who takes up this matter? is it the PTC.

Cheers.

 

 

Heavy selling..... are the funds dumping this counter?

 

Just remember one important issue, SMRT delisted, this is the only transport company listed in SGX, the one and only one.

sun233      ( Date: 01-Nov-2016 10:40) Posted: It is to be expected. Heavily shorted last two sessions. Bound to have some uptick soon.Oversold i think. charliel3ong      ( Date: 01-Nov-2016 09:39) Posted: keep the negative news, negative sentiment and fears. that' s exactly what the big brothers want all of us to feel so they can do bargain hunting. walao yesterday 2.45 never buy, sibeh wasted. already up to 2.55 now. it' s as if like buying luxury-branded clothes on a rare christmas clearance sales. remember, luxury-branded clothes will always remain a luxury brand.

 

It is to be expected. Heavily shorted last two sessions. Bound to have some uptick soon.Oversold i think.

charliel3ong      ( Date: 01-Nov-2016 09:39) Posted: keep the negative news, negative sentiment and fears. that' s exactly what the big brothers want all of us to feel so they can do bargain hunting. walao yesterday 2.45 never buy, sibeh wasted. already up to 2.55 now. it' s as if like buying luxury-branded clothes on a rare christmas clearance sales. remember, luxury-branded clothes will always remain a luxury brand.

 

keep the negative news, negative sentiment and fears. that' s exactly what the big brothers want all of us to feel so they can do bargain hunting. walao yesterday 2.45 never buy, sibeh wasted. already up to 2.55 now. it' s as if like buying luxury-branded clothes on a rare christmas clearance sales. remember, luxury-branded clothes will always remain a luxury brand.

 

Looks like it wasnt a sell off but a buy up. Business Times has this to say..

ComfortDelGro | Buy
Target price: S$3.17
Oct 31 price: S$2.54 
DBS Group Research, Oct 31

 

THE Public Transport Council (PTC) announced last week that public transport fares will be reduced by 4.2 per cent from Dec 30. This could have led to weakness on ComfortDelGro' s (CD) share price, given its exposure in the Singapore public transport space. The estimated impact on revenue from the announced fare reduction on the public transport operators will be about S$79 million a year. The split of the impact on Bus (LTA), SBS Transit (Rail) and SMRT Rail will be about S$35.6 million, S$8.9 million and S$34.6 million, respectively.

The fare reduction was higher than envisaged, but impact to CD is minimal. With the transition of the bus operations into the Government Bus Contracting Model (GCM) since Sept 1, 2016, the fare revenue risk for buses has been transferred to LTA. Hence, the impact on CD is only limited to its rail operations. The impact is relatively muted on CD as rail accounts for only about 6 per cent and less than one per cent of its revenue and operating profits.

sun233      ( Date: 01-Nov-2016 08:54) Posted: Looks like heavy sell off pre market. destinykraze      ( Date: 31-Oct-2016 16:28) Posted: blackrock sub. shareholder unload quite a lot of shares. hence drop in price. results + us election affecting the price. If uncomfortable, better to wait after US election.

 

Looks like heavy sell off pre market.

destinykraze      ( Date: 31-Oct-2016 16:28) Posted: blackrock sub. shareholder unload quite a lot of shares. hence drop in price. results + us election affecting the price. If uncomfortable, better to wait after US election.

 

blackrock sub. shareholder unload quite a lot of shares. hence drop in price. results + us election affecting the price. If uncomfortable, better to wait after US election.

 

Let' s see the 3Q coming out on 11.11.

 

Think Uber and grab a car really impact comfort badly huh?

 

Don't buy long term downtrend stock.

ComfortDelGro has to find out new source of revenue to cover the following down side

1) fierce competition from uber and taxi business in Singapore in a coming downturn economic in Singapore. Poor economic poor taxi calling rate

2) mrt business- taken over by Temasek. lower fare is introduced for public transport after taken over smrt and bring the profit margin much lower. Sbs transit which is still hold by ComfortDelGro under tremendous pressure of not making money under the new policy and eventually surrender their subsidiary sbs transist to Temasek and harm future revenue.

3) new model of bus services is on going in Singapore, no u turn based on recent development.

ComfortDelGro is going through a very tough situation in next few years.

2-2.5 dollars can be easily met and may further down if the company can't find new resource of revenue.

earlybird14      ( Date: 31-Oct-2016 10:15) Posted: Requote. earlybird14      ( Date: 01-Jun-2016 11:41) Posted: It won't close shop within 2-3 years. But price is on the way down. Look at revenue in last Q, it tell what has happened on this company. With pe of 19, 2-2.5 with pe 12-15 are where the share price will go within 2 years. 2 more parties join bus service. Can't rule out gov may open train operation for 3rd party for thomson lines and punish existing 2 sleeping operators. Taxi, bus and train are not longer dominant and monopoly by comfortdelgo and smrt. Avoid a downtrend and glory fading company

 

Walau...can load or not? Looks very scary leh...

 

Requote.

earlybird14      ( Date: 01-Jun-2016 11:41) Posted: It won't close shop within 2-3 years. But price is on the way down. Look at revenue in last Q, it tell what has happened on this company. With pe of 19, 2-2.5 with pe 12-15 are where the share price will go within 2 years. 2 more parties join bus service. Can't rule out gov may open train operation for 3rd party for thomson lines and punish existing 2 sleeping operators. Taxi, bus and train are not longer dominant and monopoly by comfortdelgo and smrt. Avoid a downtrend and glory fading company. sengsk      ( Date: 01-Jun-2016 11:27) Posted: Close shop ?  Do you know their biz on taxi is just 32% of their whole biz. Over here, if you try to bullshit its not easy for you.  They may divert taxi biz towards testing service as well car leasing.

 

cant cross 271......

 

PTC say gonna review train fare first, not sure if they gonna touch bus or taxi at the moment. so i think should keep an eye on what SBS transit is gonna say and see if they' re going to submit application or not, deadline 1st Oct. SBS transit operates the NEL and downtown lines if I didnt remember wrong. if fare really reduce, then maybe its going to delay their profits margin breakeven point.

 

my good guess is taxi fare will be simplified. Now too many surcharges. I also not sure when i am supposed to pay additional 30% lor.. Even on wkends i noted i have to pay.. thought it is off peak?

 

Next in line should be taxi fare. They should come down also...fuel prices have been low for more than a year but the taxi fare is at all time high.

Nobody is talking about this. Can anyone take this up with the co.

Cheers.

 

 

CDG paid good dividend this year. how are the BB upset here? lol...

 

Technically the last 3 drop seem to be orchestrated by BB......Caution....

charliel3ong      ( Date: 15-Sep-2016 10:51) Posted: massive knee-jerk...down to 2.69?? how is PTC fare review scaring off people in this counter? opinions people...