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Nah not exactly true. If you ever spoke to Taxi drivers and PHV maybe you will understand their mindset a little better. Every recession was good for taxi in the past doesn' t mean this is going to be the same in this one, cos this pandemic is a real different to any of those we have seen before. Previously you see a group of people suffering, losing jobs and money but fundamentally there are a lot of people who could live with the impact and more importantly travel still happens. The big hit to transport now is the lack of customers/passengers - be it from the tourists or from the locals who choose to go out less often (afterall Singapore is only so big after the initial euphoria of being able to step out it comes to a point people are also bored of it).
I made it a point to speak to taxi drivers and PHV drivers on their choices and how' s business recently. Taxi drivers who have remained so don' t see a big push to join PHV - they have higher rentals (the recent rent rebates helped) yes but what they get is the best of both worlds - flag down, ability to pick up customers with kids, they can rest at taxi stands by joining the queue yet still can get customers on both CDG platform (which is improving a lot) and the other providers. More importantly, the older ones who are savvy expanded their options, the ones who are not savvy have an inertia to change. Most of them are just doing it to earn a bit a day and they rest and they are comfortable with that, rather than having to chiong only for Grab/Gojek to take a cut out of their additional efforts. And to them, it makes not sense to change anytime soon, there simply isn' t enough customers to go around in the current climate. and because of this PHV will drop in numbers as well. People who joined Grab/Gojek are enticed by the money, but when the money isn' t coming in, when the platform is not making it attractive by eventually pulling away from the incentives, adding on platform fee, you think they will stay?
And for all the glamour and push that Grab is going to kill off the taxi industry, you really think Grab' s final objective is to win in the transport segment where they are still burning money to maintain the business. Think again. Why do they go Grabpay and Fintech? It has always been Fintech and Data business that they are intending to go into. Once they gained traction, once they go listed, you will see shareholders questioning them on the decision to hold on to a loss making business, why don' t change business model etc. That' s when they may just sell off that segment to CDG.
To me yes maybe the taxi industry is a sunset industry and a declining one (which is why CDG is trying and definitely have to diversify to survive) as lesser young people are keen to join, but it will not be completely dead at least not in the next 5-10 years until a new disruption comes. Tell me a country where PHV has taken over completely and killed off taxis? I can' t think of any, not even China. In fact in many countries like SG and MY, the govt is more keen to protect taxi drivers than PHV, the former is more easily regulated and still is a big group of employment.
Conman ( Date: 16-Dec-2020 05:28) Posted:
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected?
justicebaogaliao ( Date: 15-Dec-2020 21:29) Posted:
so are u saying covid 19 have or do not have an impact on CDG bottom line??
don' t confuse yourself and others |
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You canconsider punting PUB when it is listed since so many uncles like to invest in zombies. Guaranteed by government.
danger ( Date: 16-Dec-2020 09:12) Posted:
never buy leh after selling out 1.62 from 1.3x .. but i see you talk cock sing song .. i also want to laugh
the more you talk the higher it go ... i want to reload 1.3x leh
Conman ( Date: 16-Dec-2020 09:09) Posted:
| Haha Supreme Leader you got buy? Or just talk cock sing song |
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never buy leh after selling out 1.62 from 1.3x .. but i see you talk cock sing song .. i also want to laugh
the more you talk the higher it go ... i want to reload 1.3x leh
Conman ( Date: 16-Dec-2020 09:09) Posted:
Haha Supreme Leader you got buy? Or just talk cock sing song?
danger ( Date: 16-Dec-2020 08:51) Posted:
| conman up lorry ... with his outdated dinosaur repeated coffeeshop oldman tal |
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Haha Supreme Leader you got buy? Or just talk cock sing song?
danger ( Date: 16-Dec-2020 08:51) Posted:
conman up lorry ... with his outdated dinosaur repeated coffeeshop oldman talk
seba240698 ( Date: 16-Dec-2020 07:33) Posted:
| Aiyo, facts are facts, opinions are opinions.
You can keep your opinions, but for facts, please do not confuse yourself and others.
For a start, please do not confuse the New Rail Financing Framework (NRFF), with the Rail Contracting Model (RCM)
NRFF applied to all existing MRT and LRT lines except the under-construction, not-ready-yet Thomson East Coast Line (TEL).
In NRFF, the government (LTA) owns the assets (rail tracks, MRT stations, maintenance workshops etc) but the operators (SMRT and SBSTransit) pay LTA a licence charge to RECEIVE REVENUE from running the lines. Operators do not have to bear the CAPEX as a result. This is to help the operators. In 2016, all running MRT/LRT lines were coverted to NRFF.
But for RCM, similar to Bus Contracting Model (BCM), operators are paid a service fees with incentives if operators exceed certain KPIs and penalty if operators do not meet certain KPIs.
All the above information are reported by our national newspaper, The Straits Times, and are easily available in the internet.
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Of course bus and train wont die. Gov will make sure their operators stay alive to wake up the next day to drive the buses and trains.
seba240698 ( Date: 16-Dec-2020 07:33) Posted:
Aiyo, facts are facts, opinions are opinions.
You can keep your opinions, but for facts, please do not confuse yourself and others.
For a start, please do not confuse the New Rail Financing Framework (NRFF), with the Rail Contracting Model (RCM)
NRFF applied to all existing MRT and LRT lines except the under-construction, not-ready-yet Thomson East Coast Line (TEL).
In NRFF, the government (LTA) owns the assets (rail tracks, MRT stations, maintenance workshops etc) but the operators (SMRT and SBSTransit) pay LTA a licence charge to RECEIVE REVENUE from running the lines. Operators do not have to bear the CAPEX as a result. This is to help the operators. In 2016, all running MRT/LRT lines were coverted to NRFF.
But for RCM, similar to Bus Contracting Model (BCM), operators are paid a service fees with incentives if operators exceed certain KPIs and penalty if operators do not meet certain KPIs.
All the above information are reported by our national newspaper, The Straits Times, and are easily available in the internet.
Conman ( Date: 16-Dec-2020 05:28) Posted:
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected |
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conman up lorry ... with his outdated dinosaur repeated coffeeshop oldman talk
seba240698 ( Date: 16-Dec-2020 07:33) Posted:
Aiyo, facts are facts, opinions are opinions.
You can keep your opinions, but for facts, please do not confuse yourself and others.
For a start, please do not confuse the New Rail Financing Framework (NRFF), with the Rail Contracting Model (RCM)
NRFF applied to all existing MRT and LRT lines except the under-construction, not-ready-yet Thomson East Coast Line (TEL).
In NRFF, the government (LTA) owns the assets (rail tracks, MRT stations, maintenance workshops etc) but the operators (SMRT and SBSTransit) pay LTA a licence charge to RECEIVE REVENUE from running the lines. Operators do not have to bear the CAPEX as a result. This is to help the operators. In 2016, all running MRT/LRT lines were coverted to NRFF.
But for RCM, similar to Bus Contracting Model (BCM), operators are paid a service fees with incentives if operators exceed certain KPIs and penalty if operators do not meet certain KPIs.
All the above information are reported by our national newspaper, The Straits Times, and are easily available in the internet.
Conman ( Date: 16-Dec-2020 05:28) Posted:
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected |
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aiyo relax, dont need to counter the naysayer. let the price do the talking, once hit $2 u see whether he will come talk you down on this thread. DYODD, cdg has adapted to the times and is here to stay.
after so long u still don' t get it that CDG directly recieves train fares...
again, don' t confuse yourself and others
Conman ( Date: 16-Dec-2020 05:28) Posted:
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected?
justicebaogaliao ( Date: 15-Dec-2020 21:29) Posted:
so are u saying covid 19 have or do not have an impact on CDG bottom line??
don' t confuse yourself and others |
|
|
|
Aiyo, facts are facts, opinions are opinions.
You can keep your opinions, but for facts, please do not confuse yourself and others.
For a start, please do not confuse the New Rail Financing Framework (NRFF), with the Rail Contracting Model (RCM)
NRFF applied to all existing MRT and LRT lines except the under-construction, not-ready-yet Thomson East Coast Line (TEL).
In NRFF, the government (LTA) owns the assets (rail tracks, MRT stations, maintenance workshops etc) but the operators (SMRT and SBSTransit) pay LTA a licence charge to RECEIVE REVENUE from running the lines. Operators do not have to bear the CAPEX as a result. This is to help the operators. In 2016, all running MRT/LRT lines were coverted to NRFF.
But for RCM, similar to Bus Contracting Model (BCM), operators are paid a service fees with incentives if operators exceed certain KPIs and penalty if operators do not meet certain KPIs.
All the above information are reported by our national newspaper, The Straits Times, and are easily available in the internet.
Conman ( Date: 16-Dec-2020 05:28) Posted:
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected?
justicebaogaliao ( Date: 15-Dec-2020 21:29) Posted:
so are u saying covid 19 have or do not have an impact on CDG bottom line??
don' t confuse yourself and others |
|
|
|
You are instead the most confused fellow in this thread.
With or without the pandemic, gov pays the same contract fees for bus and train. And gov paid extra relief for it to book as 'profits' for the last 2 quarters.
But for taxis, down trend continues not because of Covid. Every recession in the past was good for taxi business because unemployment pushed people to drive taxis but in this recession, there are more choices like driving PHV.
How do you see Phase 3 opening will be good for this zombie? Gov will pay more contract fees or relief money? More people will drive taxis? More people will learn driving? More cars will be inspected?
justicebaogaliao ( Date: 15-Dec-2020 21:29) Posted:
so are u saying covid 19 have or do not have an impact on CDG bottom line??
don' t confuse yourself and others
Conman ( Date: 15-Dec-2020 20:41) Posted:
All the train assets belong to the government. SMRT and CDG are given contracts to operate the operations. They collect the fares but are supposed to maintain the train system.
Two months ago I read in newspaers that LTA had no choice but to give a one-off 'maintenance relief' to the two oerators because they cant pay.
Remember the lady CEO of SMRT? She was teying so hard to get advertisment to make profits for SMRT but ended up neglected the maintenance. SMRT was making losses because it had only a small taxi fleet to generate peofits for the group. It has been number 3 since Transcab came in. Taxi is a very lucrative business that is it |
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so are u saying covid 19 have or do not have an impact on CDG bottom line??
don' t confuse yourself and others
Conman ( Date: 15-Dec-2020 20:41) Posted:
All the train assets belong to the government. SMRT and CDG are given contracts to operate the operations. They collect the fares but are supposed to maintain the train system.
Two months ago I read in newspaers that LTA had no choice but to give a one-off 'maintenance relief' to the two oerators because they cant pay.
Remember the lady CEO of SMRT? She was teying so hard to get advertisment to make profits for SMRT but ended up neglected the maintenance. SMRT was making losses because it had only a small taxi fleet to generate peofits for the group. It has been number 3 since Transcab came in. Taxi is a very lucrative business that is it.
justicebaogaliao ( Date: 15-Dec-2020 17:26) Posted:
Your first paragraph is already wrong... the contracts are only for the buses
Trains are not contract base |
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All the train assets belong to the government. SMRT and CDG are given contracts to operate the operations. They collect the fares but are supposed to maintain the train system.
Two months ago I read in newspaers that LTA had no choice but to give a one-off 'maintenance relief' to the two oerators because they cant pay.
Remember the lady CEO of SMRT? She was teying so hard to get advertisment to make profits for SMRT but ended up neglected the maintenance. SMRT was making losses because it had only a small taxi fleet to generate peofits for the group. It has been number 3 since Transcab came in. Taxi is a very lucrative business that is it.
justicebaogaliao ( Date: 15-Dec-2020 17:26) Posted:
Your first paragraph is already wrong... the contracts are only for the buses
Trains are not contract based
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others |
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Exactly. Because the big boys punred it up and down and made the retailers chased and ran, and again chased and ran. Some became l'ong term investors' because they didnt cut loss. Some averaged down and again lost or held 'long term' too.
This is typical of a down trend stock.
seba240698 ( Date: 15-Dec-2020 17:56) Posted:
Then how do you explain in Jul 2019, when Grab, Go-jek were in full swing, CDG share price was at all time high of $2.8+? From 2015 to 2019, CDG taxi fleet is getting smaller and smaller yet its share price is hovering between $2.4 to $2.8+.
There is no correlation between CDG share price and its taxi fleet size, contrary to what you believe.
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others |
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Next week. Let's cheer for 1.80 den 2.18
Don' t be so negative.. playing stock must be patient... what u expect from stock? each day up 10cts or 20cts? This one not Sats or SIA. hahaha
if it works this way.. i would have retired.. 10years ago.. now shake legs. hahahaha
very simple, is STI up or down?
TANPK123 ( Date: 15-Dec-2020 18:04) Posted:
I'm agree with you. Everyone was waiting for the announcement phase 3. End up. Disappointing everyone. . Damn sad... instead up. Go backwards. Why huh ?
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others |
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I'm agree with you. Everyone was waiting for the announcement phase 3. End up. Disappointing everyone. . Damn sad... instead up. Go backwards. Why huh ?
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others.
weekaykee ( Date: 15-Dec-2020 12:35) Posted:
CDG' s performance has been very dissapointing. With stock prices being forward looking by 6-12 mths and considering things will be 95% back to normal within next 6 mths, CDG should already be around $2 now.
Unless there are other issues weighing it down. |
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Then how do you explain in Jul 2019, when Grab, Go-jek were in full swing, CDG share price was at all time high of $2.8+? From 2015 to 2019, CDG taxi fleet is getting smaller and smaller yet its share price is hovering between $2.4 to $2.8+.
There is no correlation between CDG share price and its taxi fleet size, contrary to what you believe.
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others.
weekaykee ( Date: 15-Dec-2020 12:35) Posted:
CDG' s performance has been very dissapointing. With stock prices being forward looking by 6-12 mths and considering things will be 95% back to normal within next 6 mths, CDG should already be around $2 now.
Unless there are other issues weighing it down. |
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Your first paragraph is already wrong... the contracts are only for the buses
Trains are not contract based
Conman ( Date: 15-Dec-2020 17:17) Posted:
This is because the pandemic is not its threat. With or without the pandemic, government pays the same contract fees for it to operate the buses and train.
And with or without the pandemic, PHV's challenge to its taxi business will not go away.
People who say that it will benefit from Phase 3 opening is only deceiving themselves and deceiving others.
weekaykee ( Date: 15-Dec-2020 12:35) Posted:
CDG' s performance has been very dissapointing. With stock prices being forward looking by 6-12 mths and considering things will be 95% back to normal within next 6 mths, CDG should already be around $2 now.
Unless there are other issues weighing it down. |
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