| Latest Forum Topics / ComfortDelGro Last:1.3 -- |
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ComfortDelGro fundamentally strong but price weak
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sengsk
Elite |
06-Jun-2018 11:41
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Oop ! CLEAR ALL MY BALANCE. Its time monitor on other stock .
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Siwomp
Supreme |
06-Jun-2018 11:40
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either bad news on the way or BB catching shorts. | ||||
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MonkeyKingGod
Senior |
06-Jun-2018 11:24
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fell 0.07 liao. WHY!
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wehuattogether88
Supreme |
06-Jun-2018 11:14
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COMFORTDELGRO on Wednesday said it has witnessed an uptick in bookings made through its call centre and phone app in the first five months this year, surpassing numbers in the year-ago period. 
 
Bookings grew by nearly 9 per cent year-on-year (y-o-y) in May 2018 - representing the largest y-o-y jump since September 2014, the taxi giant said. 
 
It added that the turnaround in bookings come on the back of Uber Technology' s exit from the region, and the firm' s marketing promotions in recent months. 
 
Uber decided to pull out of the South-east Asian market in March this year, and the Uber app was switched off in Singapore on May 7. 
 
Meanwhile, marketing efforts by ComfortDelGro seem to be paying off. Promo codes which offered passengers S$3 off their flat fares when they book via the ComfortDelGro App during off peak hours were the most popular.
The S$8-discount promotion, useable on trips taken from the city between 1am and 5am, was equally well-received, ComfortDelgro said. In total, about 57,000 promo codes were redeemed between April to end May. 
 
Said ComfortDelGro Taxi CEO, Ang Wei Neng: " We have been rolling out very targeted booking promotions and this, we believe, has helped to boost the demand. At the same time, we are also giving our cabbies weekly incentives to reward them for actively taking booking jobs so that passengers can get their taxis even faster."
 
For ComfortDelGro taxi driver Alex Ng who has been driving since 2014, the increase in demand is good news. The 49-year-old noted that he has seen an increase of about 20 per cent in booking jobs recently. 
 
In May this year, ComfortDelGro Taxi - the taxi arm of Singapore-listed ComfortDelGro - announced that it would be ordering another 700 taxis. The company operates a fleet of 13,000 taxis in Singapore, representing a 60 per cent market share. 
 
Shares in ComfortDelGro were trading at S$2.47 apiece as at 10.08am on Wednesday, down 1.6 per cent, or four Singapore cents. 
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wehuattogether88
Supreme |
06-Jun-2018 11:11
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ComfortDelGro bookings on the risehttps://www.businesstimes.com.sg/companies-markets/comfortdelgro-bookings-on-the-rise |
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sengsk
Elite |
06-Jun-2018 10:43
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Thanks, I' m TA believer. Most of time FA may factor into TA in advance. Yes, I may need to study onto FA too. Thanks !
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sengsk
Elite |
06-Jun-2018 10:31
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This stock get beaten down for a time. With the Crude Oil moving up, and i notice the volume of SembMar volume was build up since the begining of 2018. I also notice that the pattern seems like forming the Cup and Handle where now look like the handle is forming. I might wrong of perdiction but it look attractive now. Hoping could get it at 2.05 - 2.06
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sengsk
Elite |
06-Jun-2018 10:23
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Actually, I believe it could hit the 2.6 where the double top is. Any way, Its ok as I' m in profit ( I learn not to love a stock and befriend to them ) My previous 50% of CDG diverted to Ifast. Now, looking into SembMar. ( Have not vest yet and in monitoring mode ) Any advise on SembMar ?
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sengsk
Elite |
06-Jun-2018 10:02
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Clear some, Looking if down to 2.45 I will clear all i have. |
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Siwomp
Supreme |
06-Jun-2018 10:02
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The BB in CDG is no ikan billy BBs.  If they  are not done distributing, they have the resources to enginner a quick price turnaround....either ways.  So " Stop and Limits" is very important why day trading this (long or short).  Long term investors probably should stay  away for the time being.  | ||||
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Siwomp
Supreme |
06-Jun-2018 09:50
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Instead of the usual pre-closing window dressing, the BBs decided to do a more convincing window dressing before market closed yesterday...... a case of right Hands to left Hands (IMO). | ||||
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sengsk
Elite |
05-Jun-2018 17:09
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Becareful of the 1 year Double Top at 2.60 It may pull back .
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wehuattogether88
Supreme |
05-Jun-2018 16:58
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2.50 wall fallen
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Siwomp
Supreme |
05-Jun-2018 14:06
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If my reading is correct, the 3 to 4 mil wall at 2.50 are from the same BB.  They might be engineering some illusion later | ||||
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sengsk
Elite |
05-Jun-2018 13:56
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You may correct. I do feel Grab those promo are getting less and lesses. They may picking up biz and profits soon.
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Siwomp
Supreme |
05-Jun-2018 13:53
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I dun think CDG want Grab.    Grab is afterall making huge loses.  Also Temasek is a passive investor.  They usually do not interfer with the companies' Management decisions.
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sengsk
Elite |
05-Jun-2018 13:47
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The wholly-owned unit of Temasek that is an existing shareholder in Grab, I foreseem in-order for pushing CDG pricing. I wonder would Temasek sell Grab stake to CDG. Both (Grab& CDG will in win-win for compete other provider in town.)
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Siwomp
Supreme |
05-Jun-2018 13:42
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The diminishing likelyhood of a quick start to the ride hailing biz via the 2 options mentioned will make it harder for the BB to push CDG to a higher price as there is less justification for the higher valuation.  For the price to move higher, CDG is in need of some good news or the BB in this is very well funded. | ||||
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Siwomp
Supreme |
05-Jun-2018 13:35
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CDG used to have 2 very good options to go into the ride hailing biz. They could have tie up with Go-Jek or they could have recruit the ex Staffs and Drivers of Uber  to jump start.  Unfortunately, they seems to be slow to action.  Their lose is    Kardi' s gain and their silence on  any potential G-J tie up is deafening........  other  good candidate for G-J in Singapore would be Ryde (but they seriously need to change their booking model), Kardi  or maybe even LCR (some conflict of interest there with Grab, now that Uber owns a good percentage of Grab).
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sengsk
Elite |
05-Jun-2018 10:53
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Ya, Same feeling. May slowly clear it off.
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