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!

https://www.bloomberg.com/news/articles/20...

https://www.reuters.com/article/us-uber-gr...

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thatsasecret

I always had the sneaking suspicion that the deal was merely an exit strategy for uber, seeing as they were making losses in the SEA region. Turns out to be true. The old bait and switch strategy. I vested in Cdg because it has good fundamentals but sadly it has terrible management.

theMoneyTree

Reply to @thatsasecret : There is a reason why grab can survive in Singapore, with very little resistance from regulators. Without strong backing, grab would have been wipe out

theMoneyTree

its like the CDG ceo's did was not invited to the peach party of Temasek...

gingwien

https://shentonwire.net/2018/03/26/dbs-not...

Here is another different view of the deal...

Sporeshare

Reply to @gingwien : Mkt reacted positively . Boat has left

theMoneyTree

Must get our Ministers to grill uber. This is very wrong

gingwien

My biggest peeve with this Grab-Uber deal is that now Grab is going to throw less promo-codes!

Competition is great for consumers!

Maybe the Competition Commission of Singapore (CCS) might step-in in the deal? Hum....

ThumbTackInvestor

Reply to @duckie : $168???
wow. duckie.

hahaha

gingwien

https://www.businesstimes.com.sg/companies...

Here is a news article that thinks the deal is a good thing for CDG.

gingwien

Reply to @ThumbTackInvestor : Yeah... analyst can mess with market sentiments...They can write anything they want depending on which direction they want to push their readers to trade.

So we need to also observe their releases and consider its impact...

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opy

Cdg ended up with the useless cars and Uber gets the market share, uber says thanks to both

Zumou80

Reply to @ThumbTackInvestor : Haha I dunno. It is a bit noisier. I tested the Jag F pace diesel which had a bit of a hum but not loud like a cab. Drive was not bad but price was ouch. Never tested Porsche before tho. My SES too low

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My biggest peeve with this Grab-Uber deal is that now Grab is going to throw less promo-codes! Competition is great for consumers, but this potentially means our less discounts going forward on our Grab rides.

Maybe the Competition Commission of Singapore (CCS) might step-in in the deal? Hum... lets see how it all plays out...

https://www.probutterfly.com/blog/uber-to-...

$ComfortDelGro(C52.SI)

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Has the time come to invest in $ComfortDelGro(C52.SI)?

The bad news surrounding ComfortDelGro (CDG) needs no introduction. With keen competition from Uber and Grab, CGD seems to be facing a bit of a crunch and its stock price has taken quite a hit trading at close to the $2.00 range.

But has the stock price fallen low enough to attract investors? Will $ComfortDelGro(C52.SI) be able to turn its fortunes around now that is it in advanced talks with Uber?

Here in this post, we take a deeper look into the fundamentals driving $ComfortDelGro(C52.SI) business and the potential investment it may offer.

https://www.probutterfly.com/blog/is-it-ti...

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