This is a breaking news from Bloomberg and Reuters with regards to Uber's exit from the Southeast Asian market. Uber will then take a stake of between 25% to 30% in Grab as a result of the deal.
It is a personal view that the previously discussed exclusive tie-up with Uber would nullify $ComfortDelGro(C52.SI)'s benefit now that Grab is taking over Uber's operations as Grab is no longer exclusive to any taxi operator and will channel its jobs to all its fleet of drivers and will dilute $ComfortDelGro(C52.SI)'s previously exclusive Uber jobs.
Need to watch how the market reacts to $ComfortDelGro(C52.SI) with regards to this piece of news in the coming week.
$ComfortDelGro(C52.SI) Stay Tuned!