| Latest Forum Topics / ComfortDelGro Last:1.29 -- |
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COMFORT DELGRO - MOVING FORWARD
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Conman
Elite |
21-Dec-2020 05:54
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You have any example?
If Seba's example is representative of all, it shows the so-called fixed-fare app is only for show and of no help. IT is technical and app development is no more a big deal, but the goal has to be set right and the psychological game played correctly. The generations growing up now only believe in living their life with a HP in their hands. Only the older folks are willing to walk for 15 mins or take a shutter bus to the nearest stands to take a taxi. And only the Medeka Generation is now driving taxis. We as investors of CDG Taxis stock can only hope that these people will live forever.
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eEconomist
Member |
20-Dec-2020 21:19
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Not sure if you all know this or not. If you go to Comfort app, you can choose Fixed rates fares also, just like PHV. Now, the next questions will be, whether it is cheaper than PHV or Comfort meter fare?    Well answer is its depends.  From my experience, normally, during non peak hours, Comfort fixed rates fares is cheaper than Grab, Tada, GoJek or Comfort meter fare.  But I must say that I normally take from my home located in the RCR.    For CCR or ORC, then I can' t comment. Dun believe, try the Comfort app and compare to the PHVs options, choose the cheapest option. FYI I do not own any Comfort shares at this point in time.      |
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justicebaogaliao
Veteran |
20-Dec-2020 19:49
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u know why taxis queuing at taxi stands, because Grab cars cannot queue there 😆 also when taxi business is too good, drivers become tired and they need to rest at the queues for free
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Conman
Elite |
20-Dec-2020 19:26
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I said that in my post : Critical Mass. Even before Uber / Grab came in, if you try to book CDG in a raining morning, you need 3 phones calling at the same time and yet you cant get a CDG taxi. Uber / Grab came in and solved this problem instantly. Thereafter, as CDG taxis numbers dropped from 18,000+ to 8,000+, it is even more difficult to book one at busy time. This gives Grab more opportunity to capture ground. And when riders get addi ted to booking Grab, they book Grab infront of a long queue of taxis. This caused taxis to shrink even smaller.
Because it was night time and there are more taxis in a HDB area (because they brought pax back from town and became available, you got one cheap cheap. But Grab was surging because many others were booking Grab because they have become Grab's loyal customers. If that taxi didnt get your job, it will have to run back to town to queue at the taxi stands. If you dont believe me, go and o serve the CTE at night. You will find plenty of vacant taxis speeding down from the north and enter Orchard. The pre-requisite of booking business is critical mass of riders and drivers. CDG has lost both. You can go to any taxi stand and count the number of CDG taxis queuing and you will understand.
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seba240698
Senior |
20-Dec-2020 18:38
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Warped logic.
If everybody behaves like me last night and chose CDG because it was cheaper, and the taxi came in 4 min, how is the Grab driver going to earn that $33?
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Conman
Elite |
20-Dec-2020 18:22
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Being cheap is good for the riders but not for the drivers.
In your example, CDG app asked for $35 but that is for show only because the same company also offered $24 to $30 for the same car same driver. As a result its app will eventually be marginalised and for show only. Grab's price was $33 but if you chose the cheapest meter fate + booking fee, there are many other bookings for the driver because the surging indicates high demand but low supply. This is AI controlled hence no bull shitting. If that taxi wasnt around and no other CDG taxi was around because CDG has lost the most important critical mass to fulfill the demands, you woould have no choice but to pay $33 for a Grab car ride. Grab is alteady in tje advanced stage of capturing the drivers and riders. From the beginning time when Uber offered dirt cheap fares (like $5 from anywhere to anywhere in Singapore) buy burning money big time to compensate the drivers to the present time when Grab fares gets higher and higher, it is all in accordance with its plan. This explains why Grab drivers earn more than taxi drivers. The higher Grab fares go, the more taxi drivets will jump ship. New drivers will joinGrab and not tacis. CDG will lose even more critical mass. This explains why almost all the taxi drivers are Merdeka Generation, all with plans to retire soon.
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hokpin
Supreme |
20-Dec-2020 16:54
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Good sentiment tmr! https://www.channelnewsasia.com/news/business/us-deal-on-fed-removes-obstacle-to-agreement-on-covid-relief-13810590   |
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Buradin
Veteran |
20-Dec-2020 16:12
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Exactly right, i used the CDG app and realised that during peak timings the CDG meter option is often lower than the surge pricings of Grab or CDG. I choose the meter option, and paid a price lesser than the surge pricings. That happend a few times already.  However during normal timings, I also realised that CDG pricing is slightly higher by 20cents to 1 dollar as compared to grab, but who cares, I enjoy taking the blue/yellow comfort cab, and everytime I had a great time chatting with our friendly CDG drivers. 
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Starship
Supreme |
20-Dec-2020 14:13
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Entropy72
Master |
20-Dec-2020 12:55
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Useful sharing, Seba Bro.
The ride hail technology is useful to centralize demand such that taxi deployment can be more efficient. Less hunting around on empty cab. We can thank Grab for introducing this habit to Singaporeans and the region. But CDG and other taxi companies will benefit from it in profitable ways going forward.
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seba240698
Senior |
20-Dec-2020 09:26
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Besides being not viable, ride hailing business model is also subjected to a big flaw, a haven for cheats. Let me ask you, if you are a Grab driver, if you ferry passengers everyday from point A to point B, wouldn't you just make special arrangement with the passengers for the next few days, weeks or even months? You effectively avoid the 20% commission charged by Grab. You give 10% discount to the passengers and they will love you. Another way hich is very prevalent now is to form WhatsApp chat groups to solicit for business. Who says Anthony Tan is smart, I think he is stupid to start this business model. Lol. CDG taxi or PHV business model has no such problems at all. Don't tell me none of you here experience (special offer) from Grab drivers before? | ||||
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seba240698
Senior |
20-Dec-2020 09:15
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Well said and fully agree with you. Tbis is the point I'm driving at from the very beginning.
Ride-hailing business model is and will be a failure, it has never been shown to be viable in any country in this world. It is not Amazon, Facebook or Google, where there is only one type of customers.
Serving customers with conflicting interests will never work in real life.
Just share my own experience last night here. I opened 2 apps, Grab and CDG, wanted to go to East Coast Park from Pandan Gradens. Grab was on surge, $33. CDG Comfortride : $35, CDG booking + meter : (estimated $24 to $30). I booked CDG meter. I paid $27.40 eventually. Had a great chat with the taxi driver, it verified what I have learnt from other Grab and taxi drivers.
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justicebaogaliao
Veteran |
20-Dec-2020 07:59
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PHV can never take over the taxi. some commuters still prefer to flag down and go. beside, PHV can be more expensive on certain time and at some places. PHV is just an alternative to taxi at some points. on one hand the PHV was trying to attract riders with cheap fare and on the other hand high fare to attract drivers. how to have both?
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Conman
Elite |
20-Dec-2020 04:50
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Yes. Not just too long ago, it was telling people it was the World's Biggest Taxi Company. Now it is telling people it is left with 11% and running down its fleets. My prediction is in 10 years, 1%.
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justicebaogaliao
Veteran |
19-Dec-2020 22:11
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relax bro sat.. it' s ok, i don' t expect any good answers from you as i know that your brain does not have the capacity to understand these simple questions
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eEconomist
Member |
19-Dec-2020 21:15
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Err but  taxi only contribute to 11%  of CDG' s revnue n H1 2020, so you assume that CDG will die just because their is competition from Grab?
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Conman
Elite |
19-Dec-2020 20:15
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You need to exercise your own brain to think. Why should I tell you everything you want to know?
When I respond to your silly questions, I am actually making use of you to tell everybody what I want to tell, otherwise I wouldnt bother to waste my time.
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justicebaogaliao
Veteran |
19-Dec-2020 19:01
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u mean these analysts work for CDG, any evidence to show? why don' t Grab hire some analysts to paint a fantastic picture, or not enough funds from its unprofitable business to do so?
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goldeneye
Senior |
19-Dec-2020 17:45
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🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 🛫 | ||||
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Conman
Elite |
19-Dec-2020 17:35
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Everybody needs to eat. So I dont read 'analysts' reports, especially if it is clear that the report paints a fantastic picture while omitting the most important negative points.
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