Shares & Derivatives
A duet between ComfortDelGro & Uber?
By The Sleepydevil's Adventure  •  August 23, 2017
ComfortDelGro in talks with Uber over possible alliance?   CDG has announced earlier today that it has signed a letter with Uber Technologies for an "exclusive discussions" on a possible "strategic alliance" Despite 'taxi booking' has been made available through Uber/Grab's platform some time ago, it is important to also note that most rider uses Uber/Grab's private-hire rather than CDG's taxi as it is a cheaper alternative. The promotion given to rider could easily allow rider to travel between short distances for free or maybe as cheap as $1. As mention previously in the post regarding CDG's FY2017 Q2 report, taxis has been a very significant contributor to ComfortDelGro's business and revenue for taxi business has dropped by 10.7%. With the possible collaboration between CDG and Uber, CDG is able to leverage Uber's platform by making Comfort's taxi available through the Uber app. This measure taken by CDG to collaborate with Uber will be ......
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By The Sleepydevil's Adventure
I'm a kid born in 1998. At this moment of writing this, I'm age 19 20 and currently a 3rd year student in a local polytechnic awaiting for conscription. I will be working towards the goal of achieving financial freedom and escaping the rat race. I've embarked on the financial journey in 2017 with money I've earned from my part time jobs and savings that I'm able to amassed from occasions such as the Chinese New Year.
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