Post Reply
721-740 of 927
Ha, caught you there Conman,
UBER service was introduced in 2011 in San Francisco!
It took awhile to reach Singapore and when it did, it revolutionized taxi operations just as Comfort took over most of the Ba wang cher operations in Singapore long ago.
I may be passe. Not Zom Bee yet.
2012 Uber wasnt born yet.
St.Maximus ( Date: 13-Oct-2020 10:51) Posted:
Checking my records, I last bought Comfort at $1.65 in 2012. Then sold at $2.97 in 2016. With dividend returns, that was 94% cumulative return over four years plus.
Since then, I have never ventured back to buy Comfort again and enjoy the nice durians on offer. But now with comfort at around $1.50, it may be quite a steal.
That is just my opinion. Conman, and short sellers are free to disagree with me! |
|
Checking my records, I last bought Comfort at $1.65 in 2012. Then sold at $2.97 in 2016. With dividend returns, that was 94% cumulative return over four years plus.
Since then, I have never ventured back to buy Comfort again and enjoy the nice durians on offer. But now with comfort at around $1.50, it may be quite a steal.
That is just my opinion. Conman, and short sellers are free to disagree with me!
Yes Potato dont be the last to hold the hot potatos. If you cant buy it the price you think it is worth, look at other better stocks intead. There are plenty of them. This is a Zom Bee anyway.
Potato ( Date: 13-Oct-2020 09:36) Posted:
| eeeeek... guess have to wait again for 1.3x to enter. maybe have to wait long long this time. |
|
Covid-19 pandemic is a blessing in disguise for CDG rather than private hire firms while it seems you claim that Phase 3 will do opposite for CDG. Anyway, i will set up ComfortDurians Group show to see how well the hot durian is selling against the rivals. Then will update you later.
Conman ( Date: 13-Oct-2020 05:23) Posted:
Ph 3 will benefit Grab more because Grab earns from the riders. CDGTaxis earns from the seniior citizens-uncle-drivers. Whether more uncles will walk to CDG to rent taxis to drive nobody knows. But I predict Private Taxis (driven by young retrenched men and women) will grow to 100,000 when Phase 3 and Phase 4 kick in.
As for Bus and MRT, will they turn profitable? Never in the history of Singapore. That is why Zom Bee had to survive on tax-payer' money all the time.
WiseInvestor ( Date: 12-Oct-2020 22:33) Posted:
| Details of Phase 3 roadmap will be out in 1-2 weeks plus expected better coming financial result will be a good catalyst for CDG. It will be likely to clear 1.50 hurdle soon so we enjoy eating hot durians! |
|
|
|
eeeeek... guess have to wait again for 1.3x to enter. maybe have to wait long long this time.
Conman,
Boy you are right about Temasek. I was still under the impression that CDG was Temasek backed! And worse still, you say Temasek is vested in GRAB, a fierce rival.
Yes, then comfort can further divest away from the taxi business and do something else. Together then, with the rest of fellow Singaporeans who love to eat durians, I will still give CDG my utmost support.
St. Maximus,
You were right on everything except for the point on Temasek support. Temasek is not vested in CDG. But it is vested in Grab, which is CDG's killer. This means unlike its Bus and Train business, which are iron-rice bowl-guaranteed by the tax-payers, CDG Taxis has to stand on its own feet.
But can a company whose 75% of the business is supported and guaranteed by the tax-payers have the business sense to grow a real business? All indicators over the last 15 years have proven otherwise. Yes 15 years, not 6 years ago when Uber came. Uber/Grab is only the last straw. And over 15 years CDG lost 10,000 taxis from 18,000 to the present 8,000. Over 6 years, Grab took away 90% of its riders in the heartland, 50% in the shopping malls and 30% in CBD, Airport and tourist areas.
For now until March 2021 it is still ok. This gov is paying $2200.00 of tax-payers' money per month for each of its unhired taxis. This is good money at tax-payers' expense. So you will see good profits for the next 2 quarters. In the long run, taxis will not die because tourists need them. But I predict it will become just like another bus service, 1000 in numbers with the drivers on employment, to be subsidised with tax-payers' money. Unless something drastic happens of course.
St.Maximus ( Date: 13-Oct-2020 05:58) Posted:
Conman,
I enjoy reading your posts, especially with Fallingman and with danger lurking about. You do not seem to be a trader at all, but a chatty guy with a good sense of humour, the effect of mooncakes with beer perhaps?
Like you, I am concerned about Singapore' s future as the next few months will see more retrenchments and job losses. Perhaps some will really become drivers for their livelihood, and not just for national service.
If bus and MRT business were to be profitable, then fares have to be revised drastically upwards. However, as far as I know, Singapore tries to keeps its public transport fares down and that is why public transport companies here cannot be too profitable. If they want to be profitable, they cannot rely on its local public transport business, they need to look elsewhere to other countries and to other services that are profitable. Comfort will likewise do so as they have been doing. Together with Temasek, I give it my wholehearted support!
|
|
Conman,
I enjoy reading your posts, especially with Fallingman and with danger lurking about. You do not seem to be a trader at all, but a chatty guy with a good sense of humour, the effect of mooncakes with beer perhaps?
Like you, I am concerned about Singapore' s future as the next few months will see more retrenchments and job losses. Perhaps some will really become drivers for their livelihood, and not just for national service.
If bus and MRT business were to be profitable, then fares have to be revised drastically upwards. However, as far as I know, Singapore tries to keeps its public transport fares down and that is why public transport companies here cannot be too profitable. If they want to be profitable, they cannot rely on its local public transport business, they need to look elsewhere to other countries and to other services that are profitable. Comfort will likewise do so as they have been doing. Together with Temasek, I give it my wholehearted support!
Ph 3 will benefit Grab more because Grab earns from the riders. CDGTaxis earns from the seniior citizens-uncle-drivers. Whether more uncles will walk to CDG to rent taxis to drive nobody knows. But I predict Private Taxis (driven by young retrenched men and women) will grow to 100,000 when Phase 3 and Phase 4 kick in.
As for Bus and MRT, will they turn profitable? Never in the history of Singapore. That is why Zom Bee had to survive on tax-payer' money all the time.
WiseInvestor ( Date: 12-Oct-2020 22:33) Posted:
| Details of Phase 3 roadmap will be out in 1-2 weeks plus expected better coming financial result will be a good catalyst for CDG. It will be likely to clear 1.50 hurdle soon so we enjoy eating hot durians! |
|
Details of Phase 3 roadmap will be out in 1-2 weeks plus expected better coming financial result will be a good catalyst for CDG. It will be likely to clear 1.50 hurdle soon so we enjoy eating hot durians!
Conman, u must ask ur people on the ground to poll a credible sample size to make a good statistical inference. Else asking 1,2 or 3 non-cdg taxi drivers is not going to give u a good estimate. If we have ard 70k prive car hirers, maybe u should poll at least 700 (1%) drivers, then ppl here will believe u when u say that these drivers had been CDG drivers before, because u have a high confidence of being correct!
Conman ( Date: 12-Oct-2020 20:56) Posted:
Maybe they didnt even know that their salaries come from taxi drivers' rental and tax-payers through gov's subsidies to bus and MRT operations.
One can take a non-CDG taxi and check with the driver. I can bet you everyone of them had driven a CDG taxi before. Why they are no more driving CDG taxis now? They can tell you and you will be shocked.
Ushnisambatha ( Date: 12-Oct-2020 19:24) Posted:
I believe a great company must have great leadership.With the new normal as digital and the rate of
digitization at dazzling speed,any company wanting to grow has to have the DNA to disrupt organically. This is glaringly impossible in CDG with a near 80 year old Chairman and a near 70 year old Group CEO. They probably can' t even recall when they last change their underpants !!
|
|
|
|
If u study statistics before, there is a word known as outlier. There will always be outliers in everything that we observed, it just happened that we normally fall into the bell curve region. Anyway why bring in politicks or senior citizens, better to stick at talking aliens and demons.
you are saying usa to be led by one of the two senior citizens? biden or trump??
look at this old man called trump -- he is spinning the world till everyone dizzy.
Dont laugh at senior citizens, u too will grow old one day.
Ushnisambatha ( Date: 12-Oct-2020 19:24) Posted:
I believe a great company must have great leadership.With the new normal as digital and the rate of
digitization at dazzling speed,any company wanting to grow has to have the DNA to disrupt organically. This is glaringly impossible in CDG with a near 80 year old Chairman and a near 70 year old Group CEO. They probably can' t even recall when they last change their underpants !!
Starship ( Date: 12-Oct-2020 17:16) Posted:
|
|
|
Maybe they didnt even know that their salaries come from taxi drivers' rental and tax-payers through gov's subsidies to bus and MRT operations.
One can take a non-CDG taxi and check with the driver. I can bet you everyone of them had driven a CDG taxi before. Why they are no more driving CDG taxis now? They can tell you and you will be shocked.
Ushnisambatha ( Date: 12-Oct-2020 19:24) Posted:
I believe a great company must have great leadership.With the new normal as digital and the rate of
digitization at dazzling speed,any company wanting to grow has to have the DNA to disrupt organically. This is glaringly impossible in CDG with a near 80 year old Chairman and a near 70 year old Group CEO. They probably can' t even recall when they last change their underpants !!
Starship ( Date: 12-Oct-2020 17:16) Posted:
|
|
|
I believe a great company must have great leadership.With the new normal as digital and the rate of
digitization at dazzling speed,any company wanting to grow has to have the DNA to disrupt organically. This is glaringly impossible in CDG with a near 80 year old Chairman and a near 70 year old Group CEO. They probably can' t even recall when they last change their underpants !!
Starship ( Date: 12-Oct-2020 17:16) Posted:
justicebaogaliao ( Date: 12-Oct-2020 17:00) Posted:
| if u believe taxi uncles are the only clients of this zombeesaurus, good luck br |
|
|
|
Low is good..price will be high
I thot supply now low?
danger ( Date: 12-Oct-2020 17:07) Posted:
|
justicebaogaliao ( Date: 12-Oct-2020 17:00) Posted:
if u believe taxi uncles are the only clients of this zombeesaurus, good luck bro
Conman ( Date: 12-Oct-2020 16:29) Posted:
Kep Corp is a good company. The Kep people are real business-minded people. Even without Temasek's buying in, you will see it turnaround. Just leave it to the good hands of the management.
Unlike this Zom Bee. Just push everything to technology. What technology? It is just a HP app. It is in reality a direct challenge of the business model by another. Let them continue to charge high rental and bar the drivers from owning the taxis they drive so that they can continue to charge higher and higher rental.
Good luck if you believe this kind of business model can fight Grab/GoJek/Tada/Rydes.
|
|
|
|
