ComfortDelGro    Last:1.29    -0.01

COMFORT DELGRO - MOVING FORWARD

Angmo funds pouring in........! 

 

Wow, now LIVE! on CNBC' s Street Signs Asia  ----- interview via phone, Hartmut Issel of UBS Global Wealth Management says    " Singapore is one of our Most Preferred Markets" !!!!!

 

Please keep your cool bro.

Counter my points with proper analysis.

Shouting with hatred will not help.

justicebaogaliao      ( Date: 22-Nov-2020 23:22) Posted: your arguments are misleading and inaccurate.. u assumed Grab has become a monopoly?, which it has not, and by increasing platform fees / fares, the riders have to suck thumb? can' t they just open gojek and take the cheaper ride Conman      ( Date: 22-Nov-2020 20:36) Posted: Gar Cars will not lose money forever. It is in fact Uber's modus operandi to burn money to gain market shares and there after get listed. The stock market will compensate $1000 for every dollar burnt. With the 30 cents platform fee, I expect Grab Cars to break even. I dont think its base fares will increase but its platform fee will. That will be less painful to the riders and need not be shared with the drivers. A $1.00 platform fee will be big huat to Grab. Riders and drivers will suck thumb. Whether Grab is facing other PHV companies' competition is not important to us or CDG. What is important is : PHV's business model (of using private cars not owned by themselves to earn money from the riders) is a big threat to CDG's taxi renting model of business (earning from the drivers). PHV companies will benefit from Phase 3 opening and opening of borders because they earn from the riders. CDG dont earn anything unless more Merdeka or Pioneer Generation uncles rent taxis from them.

 

Let the share price do the talking. Once phase 3 starts, CG will stage a strong rebound towrads $2.

Look at the crowd all over Singapore now. It is like pre-covid. The only difference is that people are wearing masks.

Many coffee shops and hawker centres have more than 5 persons gathering drinking/eating after 10pm. Life is back to normal to these folks.

 

your arguments are misleading and inaccurate.. u assumed Grab has become a monopoly?, which it has not, and by increasing platform fees / fares, the riders have to suck thumb? can' t they just open gojek and take the cheaper ride

Conman      ( Date: 22-Nov-2020 20:36) Posted: Gar Cars will not lose money forever. It is in fact Uber's modus operandi to burn money to gain market shares and there after get listed. The stock market will compensate $1000 for every dollar burnt. With the 30 cents platform fee, I expect Grab Cars to break even. I dont think its base fares will increase but its platform fee will. That will be less painful to the riders and need not be shared with the drivers. A $1.00 platform fee will be big huat to Grab. Riders and drivers will suck thumb. Whether Grab is facing other PHV companies' competition is not important to us or CDG. What is important is : PHV's business model (of using private cars not owned by themselves to earn money from the riders) is a big threat to CDG's taxi renting model of business (earning from the drivers). PHV companies will benefit from Phase 3 opening and opening of borders because they earn from the riders. CDG dont earn anything unless more Merdeka or Pioneer Generation uncles rent taxis from them. justicebaogaliao      ( Date: 22-Nov-2020 08:53) Posted: CCCS removed the pricing restrictions on Grab because they have successfully prevented it from becoming a monopoly, how many other ride hailing companies do we have now to compete with it? ride hailing margins have become so low that Grab will have to look at new sources of income like food delivery and digital banking, but yet again competitors are plenty in those areas as well

 

If I am AK71, I would finally believe there is such thing as God.
And I' d be living a high life in Europe with the few hundred thousand dollars of dividends AK receives every year. 
I' m a dividend investor and I read and agree with what AK posts.
But my holdings are peanuts compared with his multi-million dollars holdings.
Those who wants toverify for themselves whether AK is fake or real or a bullshit just neeh to read through his posts over the last decade and it' ll be clear as day.

Conman      ( Date: 22-Nov-2020 12:58) Posted: Is that guy you Starship? Starship      ( Date: 22-Nov-2020 11:52) Posted: Exactly. Read my previous post below regarding AK71 added even more holdings. In his post, he stated clearly that he invested at current prices based on it' s taxi business at Zero!!!! AK71 is the most shrewd investor --- he only Grossly Underpays and never Overpays!! Read his post in this link: http://singaporeanstocksinvestor.blogspot.com/

 

Power up

 

Gar Cars will not lose money forever. It is in fact Uber's modus operandi to burn money to gain market shares and there after get listed. The stock market will compensate $1000 for every dollar burnt.

With the 30 cents platform fee, I expect Grab Cars to break even. I dont think its base fares will increase but its platform fee will. That will be less painful to the riders and need not be shared with the drivers. A $1.00 platform fee will be big huat to Grab. Riders and drivers will suck thumb.

Whether Grab is facing other PHV companies' competition is not important to us or CDG. What is important is : PHV's business model (of using private cars not owned by themselves to earn money from the riders) is a big threat to CDG's taxi renting model of business (earning from the drivers).

PHV companies will benefit from Phase 3 opening and opening of borders because they earn from the riders. CDG dont earn anything unless more Merdeka or Pioneer Generation uncles rent taxis from them.

justicebaogaliao      ( Date: 22-Nov-2020 08:53) Posted: CCCS removed the pricing restrictions on Grab because they have successfully prevented it from becoming a monopoly, how many other ride hailing companies do we have now to compete with it? ride hailing margins have become so low that Grab will have to look at new sources of income like food delivery and digital banking, but yet again competitors are plenty in those areas as well  Conman      ( Date: 22-Nov-2020 06:11) Posted: For an app to work, it needs to have a critical mass of both drivers and riders to use it. That was why Grab was willing to burn money to reward both parties to use it. Now that it has achieved that critical mass, the rewards have pratically stopped. And a new platform fee was immediately announced when CCCS said it can do whatever it wants 3 days ago. 30 cents looks small but given its high volumn and it is 100% to Grab, it is a big amount. And that is only to test water untill the fare increase after 6 months. The increases will be gradual, like boiling frogs. Riders will have no choice but to pay because most drivers will want to use it because of the high fares. Grab's critical mass will grow vis a vis other apps despite its higher prices. It will turn profitable after crossing a certain level of fares pricing. How much more it wants to would depend on how it charge the drivers and riders. PHV's challenge against taxis is not technology as many thought. It is a challenge of business model, ie, mobilising the potential of every private car at no cost to itself to fight a business which rent out taxis at high prices. Because of its loss of clientele, you dont find riders flagging for taxis at curbsides anymore, and you dont see many taxis plying the streets now. You want taxis? Walk to the nearest taxi stand. Yet there is no guarantee that you will get a taxi immediately

 

Yes, CDG taxi business was significantly cannibalised by ride hail platform operators the past 5 years - no one denies that. Is CDG wising up to the competition and fighting back? Yes, it is. Is it a confirmed losing game for CDG? I think not. There are many ways to change the business model and leverage on CDG assets / marketing to bring the battle to platform operators. Dangerous to extrapolate past Grab ride hail success to future performance - this is not how business works. Dynamics change when management seizes technological or social or regulatory opportunities.

All being said, do not presume that CDG is a single trick pony whose development is dictated by taxi sector alone. That is a very narrow view. CDG is a global public transport company, not a Singapore taxi company. Bottomline is look at its revenue growth over the years - collapsing because of taxi? Far from it. No need to predict doomsday for CDG.

 

Hi Guys, I am still here. Now with a few friends drinking in the cold wheather. So shiok! One of them is a newly joined guy spoted by my friend eating alone and dragged to join us. He was a Comfort taxi driver until 3 years ago when he resigned and became a cleaning supervisor working a in a condo under employment of a contractor. He said CDG had been calling gim to ask him to rejoin.

So you see, CDG will not give up its taxi business. Pandemic so no choice? Running down fleet? Only 13% of total revenue? These are all excuses for potential, possible, and probable failure. Good tries, but not acceptable.

Taxi was CDG' pride. It was the World's biggest Taxi Company. Compared to bus and train, which are the so-called CORE BUSINESS surviving on government's relief all the time, taxi is the only one business growable.

Drinking continues!

Starship      ( Date: 22-Nov-2020 15:28) Posted: danger      ( Date: 17-Nov-2020 10:05) Posted: conman , maximus , fallingman , shaolin sifu etc etc all disappeared ... change nick already.. coman lose until crazy liao... probably found a job recently.. no time to post and talk cock sing song like me

 

danger      ( Date: 17-Nov-2020 10:05) Posted: conman , maximus , fallingman , shaolin sifu etc etc all disappeared ... change nick already.. coman lose until crazy liao... probably found a job recently.. no time to post and talk cock sing song like me

 

a79991      ( Date: 18-Nov-2020 22:25) Posted: Wah!!! Great news.... Buradin      ( Date: 18-Nov-2020 22:05) Posted: Latest update for Pfizer vaccine. They concluded phase 3 trials (95% effective) and will be seeking FDA' s approval within days. https://www.usatoday.com/story/news/health/2020/11/18/covid-pfizer-seek-fda-approval-candidate-vaccine-within-days/6337556002/

 

Wipe Out all Evil Shorties once and for all !!!!!!!!   

 

 

 

Dannkh      ( Date: 20-Nov-2020 15:19) Posted: Most probably Phase 3 opening will be announced this weekend.

 

iinvestor      ( Date: 20-Nov-2020 15:25) Posted: Very COMFORTable............more upside when SPH holders come in.......

 

Wow, our  Oracle of Reits and Oracle of Dividend Stocks  ---    SG' s famous AK71  --- has spoken!!!!!
He has just added more Comfort to his already huge existing holdings of $250k - $300K!!!!!

http://singaporeanstocksinvestor.blogspot.com/

 

 

Not me. But I have a Relationship Blog. I treat broken hearts.

WhereI      ( Date: 22-Nov-2020 13:10) Posted: Or is it you conman? Hard to tell who is who on SJ. One thing is for sure, he is not a taxi driver. Maybe he is a ceo of sbs transit or one of the better performing cdg subsidiaries

 

Or is it you conman? Hard to tell who is who on SJ. One thing is for sure, he is not a taxi driver. Maybe he is a ceo of sbs transit or one of the better performing cdg subsidiaries