Post Reply
821-840 of 927
danger ( Date: 08-Oct-2020 13:21) Posted:
|
CDG chat is back!
how can 2 same clones smell same backside and praising each other ? Same old dinosaur , alien, taxi adn whatever stories
don' t say 20c .. $1.20 also never see after so many months ... after the supreme leader took profit so many times
the conman still talking down same thing !
don' t say 20c .. $1.20 also never see after so many months ... after the supreme leader took profit so many times
the conman still talking down same thing !
Wise man thinks alike!
i want to buy at 20c!
Anyone buying 1.55?
I dont think that was the take-away of this article.
There is no guarantee that people who reconverted their PHV cars back to normal cars will walk to CDG to rent a taxi. It is not a zero sum game between the two.
Worldwide, there had been no instances of taxis winning the war against private taxis, not even in London where taxi drivers have very strong lobbying power and municipal political support.
Worldwide, there had been no instances of taxis winning the war against private taxis, not even in London where taxi drivers have very strong lobbying power and municipal political support.
Joelton ( Date: 08-Oct-2020 09:45) Posted:
|
Can share why you have this view?
Singpost ( Date: 08-Oct-2020 07:25) Posted:
|
Pandemic could give ComfortDelGro' s taxi business a lift
THE coronavirus pandemic has been destructive but it could prove to be a blessing in disguise for mainboard-listed transport giant ComfortDelGro Group, as a dampening of demand seems to have catalysed the private hire industry' s right-sizing.
The number of private hire cars has been declining for six straight months from its peak at 77,815 in February to 72,679 in August, the latest statistics from the Land Transport Authority showed. It would appear that the coronavirus has stopped these taxi competitors in their expansion tracks.
In contrast, the taxi population added 178 units to reach a total of 16,264 in August. This represented a rebounding from the trough at 16,086 in July and a reversal of a downward trend that began in May 2015. The ride-hailing operators began making their inroads into Singapore in 2013.
ComfortDelGro has maintained its share of slightly over 60 per cent of the taxi fleet. But it remains to be seen if this fleet expansion also means that there is light at the end of the taxi business tunnel.
The reduction of the private hire fleet is certainly a positive.
UOB Kay Hian analyst Lucas Teng, in a Sept 21 report, wrote that if the private hire fleet shrinks by 2,500 cars, the market share for taxis could rise by 2 per cent. This is on the premise that demand for point-to-point trips stays at current levels - i.e. 70 per cent of pre-pandemic levels - and the average number of trips per private hire car remains constant.
DBS analyst Andy Sim told The Business Times that he was not surprised by the drop in the fleet of private hire cars.
" Given the huge growth of private rental cars that has grown manifold since the entry of ride hailing, it seems that there is an oversupply of cars, along with crimped demand."
That the pandemic should catalyse a consolidation of the private rental car industry, causing weaker players to exit, was also unsurprising, he said.
It is more difficult to draw any definite conclusions from the increase in the taxi fleet. Ong Khang Chuen, analyst at CGS-CIMB Securities (Singapore), said the one-month uptick in taxi numbers could just be because taxi operators took delivery of a pre-committed purchase.
He therefore said he would not read too much into it.
Mr Sim of DBS, meanwhile, thinks the increase in fleet is a good sign. But he also said one would still need to see if this trend continues.
The brokerage house had earlier noted that the challenging taxi business has weighed on ComfortDelGro' s share price. A bottoming out of the taxi fleet contraction trend or changes in the ride hailing and taxi industry dynamics could lead to earnings upgrades.
Taxi operations accounted for about 25 per cent of ComfortDelGro' s operating profits last financial year, although this number does not just include the Singapore operations.
ComfortDelGro has committed to substantial reliefs for cab drivers who rent its vehicles. These reliefs are expected to cost close to S$116 million. The short-term hit from these reliefs would, however, improve loyalty from its taxi hirers over the longer term, analysts commented.
At the same time, a new regulatory framework for the point-to-point transport sector that will take effect later this month also bodes well for ComfortDelGro.
The rules are expected to level the playing field between taxi operators and private hire operators. Those private operators with a fleet size of at least 800 will have to be licensed and will be subject to greater scrutiny.
At the same time, cab operators including ComfortDelGro would be spared from meeting the Taxi Availability standards when the new regulatory framework is implemented. This removes the requirement to have at least 80 per cent of the fleet in operation during peak hours.
Mr Ong of CGS-CIMB said that when the framework is in place, which operators would grab a bigger market share will largely depend on the quality of their service offerings.
This rally soon
Whether Grab will be listed is a question important only to the stock punters. The agreement was that if it is not listed by
2023, Uber will make a return to S.E.A which will be worse for the taxi companies. In whatever case, the attack of private taxis on traditional taxis will continue. Taxis as a trade will not die but some small taxi companies might. Allowing private cars to be used as taxis was an unthinking mistake made by this government and was a betrayal of the taxi companies which had invested billions into this business and this has also caused a great social devide in the society and had cost rhis gov votes too. But dont expect it to admit this mistake because it is unreversible and will be a slap on its own face if it does.
Last night on TV news, some taxi drivers said they only earn $50, $60 after driving the whole day doing this job which require working long hours everyday. The news said some were changing lines while some drivers said it is better to be security guards who get better income.
Pandemic is a good excuse for this gov to push away its mistake which cause a painful death of the taxi trade. The only good thing about being a taxi driver at the present time is that if your son is going to stand for the next election and best is if your wife is a toilet cleaner because that is the only time your son can brag to everybody he grew up to be successful from a poor family.
2023, Uber will make a return to S.E.A which will be worse for the taxi companies. In whatever case, the attack of private taxis on traditional taxis will continue. Taxis as a trade will not die but some small taxi companies might. Allowing private cars to be used as taxis was an unthinking mistake made by this government and was a betrayal of the taxi companies which had invested billions into this business and this has also caused a great social devide in the society and had cost rhis gov votes too. But dont expect it to admit this mistake because it is unreversible and will be a slap on its own face if it does.
Last night on TV news, some taxi drivers said they only earn $50, $60 after driving the whole day doing this job which require working long hours everyday. The news said some were changing lines while some drivers said it is better to be security guards who get better income.
Pandemic is a good excuse for this gov to push away its mistake which cause a painful death of the taxi trade. The only good thing about being a taxi driver at the present time is that if your son is going to stand for the next election and best is if your wife is a toilet cleaner because that is the only time your son can brag to everybody he grew up to be successful from a poor family.
Fallingman ( Date: 08-Oct-2020 01:54) Posted:
|
And also i rem reading somewhere that the CEO of grab will only list for IPO when grab turns profitable. But when will they turn profitable? And also i read somewhere that if grab dont IPO by 2023, they will need to pay uber 2 billion! Omg grab is burning cash like no tml...u sure they will be listed or crash and burn after paying uber $2 billion? Their days are limited. YoY pirate hire cars are dipping and also i think i heard from someone in the transport side saying that by end oct they all need to apply for this PDL license or something, omg....worst still... no more young blood coming in...
At least the yesterday delgro still got repair shop, school, public transport (i read somewhere that 60+ % of CDG' s revenue comes from BCM!) and a small fleet of 7000 taxis running ard. hahaha...
At least the yesterday delgro still got repair shop, school, public transport (i read somewhere that 60+ % of CDG' s revenue comes from BCM!) and a small fleet of 7000 taxis running ard. hahaha...
Conman ( Date: 07-Oct-2020 15:28) Posted:
|
Grab represents tml meh? I thot they wanted to buy SMRT taxi business a few years back? Why they need taxi business?
Conman ( Date: 07-Oct-2020 15:28) Posted:
|
Oh woah. Comfortdelgro forum is back!!
🤯 What happened? 1.44?
danger ( Date: 07-Oct-2020 15:38) Posted:
|
if now the price is $1.55 .. i already sold and gone ..mai tu liao
Conman ( Date: 07-Oct-2020 15:28) Posted:
|
My spider sense in tingling in KC now ... just like when CDG was $1.3x .. then i drew chart on toilet paper to confirm
Now you sell 1.55 you can break even. Better than losing your money. Keep to play Grab is 10 times better. Grab represents tomorrow. CDG represents yesterday.
danger ( Date: 07-Oct-2020 13:56) Posted:
|
No I did nothing. When even the funds are not sure what is going to happen next, it is better to keep cash in my pockets.
danger ( Date: 07-Oct-2020 14:23) Posted:
|