Comfort Delgro

(09-09-2016, 11:33 PM)BlueKelah Wrote:

(08-09-2016, 11:16 PM)Bytesizedinvestments Wrote:

(06-09-2016, 04:12 PM)brattzz Wrote: suddenly STI BULL again,
general sentiment is good? kinda strange since Key Indicators are RED RED RED...
https://www.mti.gov.sg/Pages/home.aspx

wonder what's going on?

Could it be the same rhetoric of low (negative) interest and cheap money finding its way back after into the market the recent early 2016 drop?

Likely just a bump from the recent uptrend in oil price and commodities caused by the so called "OPEC and Russia oil freeze talks" again ROFL...
dun kena trick lah, push the index up a bit so the big boys can shed some shares. After this weekend likely STI below 2800 again, many listco having losses or profit recession and economy so bad how to BULL.

STI lost Noble liao, next week say bye bye to SembCorp Marine.

When you mentioned SempCorp, it reminds me of an article recently published by Motley Fool on Keppel.

https://www.fool.sg/2016/08/30/im-a-kepp...e-company/


_________________________________

Financial Freedom can be achieved through prudence and patience capital.

http://www.bytesizedinvestments.com/

http://www.straitstimes.com/singapore/tr...ct-cabbies

With its taxi rental services contributing approx 35% of Comfort Group's profits; i wonder what are the implications to the company if it has to match Transcab lower rates. It is also unlucky that Comfort is facing an unlucky situation of lower bus fares due to PTC formula and higher year on year oil prices.

http://sgshareinvestor.blogspot.sg/2017/...01-04.html

Comfort is switching from fixed-rental to revenue sharing model (Uber/Grab) to mitigate hirers from switching.

Top/bottom line is going to be hit based on the new revenue sharing model. Not forgetting Comfort also has to give out more promo codes/incentives to attract riders/drivers.

Waiting to see the numbers based on the revenue sharing model

Similar situation in China - where Uber versus Didi - both companies dishes out incentives to attract drivers and resulted both parties bleeding. In the end Uber sold its stake to Didi and take up minority stake.

fundamentally, it's the biz model that is changing, whoever can give a better deal to the hirers, wins!
meantime, it's FIGHT ON!

My family and I have been taking uber/grab every morning and evening for more than, fetching my son to/fro school which is quite a far distance away from my home. Even if taxi price is on par with uber/grab, I will still choose the latter as I dont like taxi drivers attitude. Unless taxi prices are 20% lower or bad taxi drivers switching over to driving uber/grab and making all companies service equally bad, I wont choose them.

(08-01-2017, 08:15 PM)Bibi Wrote: My family and I have been taking uber/grab every morning and evening for more than, fetching my son to/fro school which is quite a far distance away from my home. Even if taxi price is on par with uber/grab, I will still choose the latter as I dont like taxi drivers attitude. Unless taxi prices are 20% lower or bad taxi drivers switching over to driving uber/grab and making all companies service equally bad, I wont choose them.

i seldom take taxis but i notice that whenever i do now, i will use grab. Uber has lost me as a customer because they required the use of credit card when they first started

(10-01-2017, 05:27 PM)money Wrote:

(08-01-2017, 08:15 PM)Bibi Wrote: My family and I have been taking uber/grab every morning and evening for more than, fetching my son to/fro school which is quite a far distance away from my home. Even if taxi price is on par with uber/grab, I will still choose the latter as I dont like taxi drivers attitude. Unless taxi prices are 20% lower or bad taxi drivers switching over to driving uber/grab and making all companies service equally bad, I wont choose them.

i seldom take taxis but i notice that whenever i do now, i will use grab. Uber has lost me as a customer because they required the use of credit card when they first started

U are short-changing yourself. There are certain periods where Uber is much cheaper than Grab. The max liability of the credit card due to fraud is S$100. Unless the card owner never do due diligence, the amt will be refunded to you. Uber also allows PayPal if u trust them more in holding your information.

Here comes the ripple effect of Transcab slashing rates

http://news.asiaone.com/news/singapore/m...ompetition

Meanwhile, taxi drivers said they are thinking of switching firms. Comfort cabby K.Y. Yuen, 40, who pays a daily rent of $110, said: "I'm hoping Comfort will cut the rental in time. If nothing happens after one or two months, I will jump to another firm.

Today my wife manage to take a uber electric car build by BYD. I got a feeling more electric cars might hit our road pretty soon.
http://www.straitstimes.com/singapore/transport/uber-cars-go-electric-with-new-private-hire-fleet

Only 400km range then charge two hours means practically 350km range then need to go back and charge.
If average 80kmph the car likely only can do a four hour plus shift. If average 60kmph can do six hour shift.

Will that be enough to compete with petrol or petrol hybrids that can run round the clock?

In any case looks like startup like this may continue to fuel COE demand this year

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