BFM Podcast
ComfortDelGro Unfazed by Ride-Hailing App Onslaught
Eugene Chua, Investment Analyst, OCBC Investment Research
13-Oct-16 12:03
SGX-listed land transport company, ComfortDelGro is expecting slower or flattish earnings growth for its taxi operations, as it squares-off against Uber & Grab who are gaining market share. An exodus of drivers switching from traditional taxis to apps is unlikely in Singapore, as pay-packages are still more attractive for full-time taxi drivers.
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