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Comfort Delgro
28-05-2020, 09:48 PM. (This post was last modified: 28-05-2020, 09:49 PM by ¯|_(ツ)_/¯.)
Post: #341
3rd month of rental waiver for taxi - Comfort Delgro
28 May 2020 Another 50% rental waiver for June 2020, after 100% waiver for May and Apr 2020 - comfort taxi
Continue to push for cabbies delivery job option
Currently 50 F&B including McDonald's, KFC and Pizza Hut

Cabby Frankie Chew, 51, is grateful to the Company for the initiative. The cabby of 16 years said:
“Now that Singapore is slowly reopening and students are heading back to school, I hope passenger traffic will increase. I have been switching between taxi-driving and delivery jobs. I am hopeful I can make
ends meet.” 
(click to read news)

Stay home and stay safe, valuebuddies.
The manual of ideas:

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14-06-2020, 09:24 AM.
Post: #342
Rainbow  NOM eAGM Comfort Delgro
11 June 2020 Meeting minutes of CDG
https://links.sgx.com/FileOpen/CDG%20-%2...eID=617552

"Covid-19 phenomenon has changed the competitive landscape drastically. There is a common unseen enemy. The Taxi Business’s drivers’ earnings, which is monitored daily, has been very badly affected. The Group had given S$116 million in rental rebates to-date – so much so that the Group was incurring huge losses in the Taxi Business. He said that it is part of the Group’s responsibility to help its drivers, who are our business partners, as much as possible. 

... the Group had been through SARS. At that time, taxi driver income was also badly hit. However, the impact of Covid-19 is many-fold worse than SARS. The repercussions of the current pandemic transcend many industries, sectors and geographies. 
With governments implementing circuit breakers and lockdowns and other social distancing measures in all the countries where the Group operated, the Group’s business had been severely impacted. While public transport and taxis were considered essential services and continued to operate, mileage and ridership had fallen significantly. This also had a severe knock-on effect on demand for the Group’s other ancillary services like engineering services, driver training, advertising, etc. Those too had been impacted. 
No one could say for sure whether it would be a U, V, W or L shaped recovery. But based on reports in the mainstream media, businesses were struggling, especially those in the aviation, hospitality, tourism and transportation sectors. High unemployment would be expected. Bankruptcies are in the pipeline. 
How long these would drag on would depend on whether a vaccine is discovered. 
Technology had already become widely used in everyday life. Putting on masks to move around might become the norm. Working from home would become a mainstay of many companies. International travel and globalisation would likely take a long while to resume and it might never get back to what it was.

Chairman said that it was widely expected by medical experts that the pandemic would not go away any time soon, not until an effective vaccine was developed. Even then, lifestyle and the way business is done would not be the same as before. Directives by health authorities and government agencies on social distancing and other public health hygiene measures would impact the way business would be done. Economies had been seriously disrupted, with high unemployment. It would take many years for any degree of normalcy to return. All these would have a direct impact on the Company."

Stay home and stay safe, valuebuddies.

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21-06-2020, 10:18 AM.
Post: #343
Rainbow  metro bid in Paris: Comfort Delgro
19 June 2020 CDG joint bid for Metro projects in France
https://links.sgx.com/FileOpen/Press%20R...eID=619627

ComfortDelGro Corporation, RATP Dev and Alstom have entered into a collaboration agreement to jointly bid for Grand Paris Express (GPE) greenfield metro projects in the Greater Paris region, France.
Chairman Lim Jit Poh said the move was a “significant” step in furthering the Group’s
vision of expanding its rail capabilities beyond Singapore. “We have been operating light and heavy
rail in Singapore for 17 years now and have amassed strong capabiltiies. This partnership is
testimony to how far we have come and we are excited to be participating in the GPE tender. I think
the three companies complement each other very well and the breadth and depth of experience that
they bring to the table cannot be discounted. As a Group, ComfortDelGro will continue to look at
opportunities around the world, especially in countries we already operate in as we work at growing
our rail portfolio.”

Stay home and stay safe, valuebuddies.

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28-06-2020, 09:34 AM.
Post: #344
Rainbow  1HFY20 loss: Comfort Delgro
26 June 2020 Profit guidance CDG
https://links.sgx.com/FileOpen/ComfortDe...eID=621171
The expected net loss for 1HFY2020 is mainly attributable to:
(a) the significant impact of COVID-19 on the Company’s operating regions as highlighted in the Company’s COVID-19 Business Update published on SGXNet on 22 May 2020; and
(b) the possibility of impairment of the Company’s investments in certain local and overseas subsidiaries. 

Wear mask and keep your distance when going out, valuebuddies.
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