Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/497" target="_blank" data-smartkarma-citation="entities:497:1">Comfortdelgro Corp Ltd (CD SP)</a> announced that it has agreed with Uber Technologies to dissolve the strategic agreement that they entered into last December. As a result, ComfortDelGro will no longer be acquiring the 51-percent-stake in Uber’s wholly-owned car rental subsidiary in Singapore, Lion City Holdings. Both companies entered into the agreement in December last year, with ComfortDelGro agreeing to pay S$295 million for the stake in Uber subsidiary Lion City Holdings.</p><p>Unsuprisingly…</p>

Comfortdelgro Corp Ltd (CD SP) announced that it has agreed with Uber Technologies to dissolve the strategic agreement that they entered into last December. As a result, ComfortDelGro will no longer be acquiring the 51-percent-stake in Uber’s wholly-owned car rental subsidiary in Singapore, Lion City Holdings. Both companies entered into the agreement in December last year, with ComfortDelGro agreeing to pay S$295 million for the stake in Uber subsidiary Lion City Holdings.Unsuprisingly…

Uber Deal Dissolved but Comfort Far from Out of the Woods

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">



A-REIT & Venture Re-join FTSE Value-Stocks ASEAN Index Effective 21 May

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

<p><strong>Summary of 1Q18 results:</strong></p><ul>
<li>CD's headline revenues in 1Q18 lifted by 1%YoY, as higher revenues from Public Transport Services help to offset decline in revenues from its taxi segment. </li>
<li>Headline net profit fell 19.6% in 1Q18, partially due to the fall in profits from its taxi segment and non-recurrence a special dividend from its subsidiary Cabcharge Australia (recorded in 1Q17).</li>
<li>If we strip out the special dividends of SGD 10m from 1Q17, net profit attributable to shareholders only declined by…</li>
</ul>

Summary of 1Q18 results:
CD's headline revenues in 1Q18 lifted by 1%YoY, as higher revenues from Public Transport Services help to offset decline in revenues from its taxi segment. 
Headline net profit fell 19.6% in 1Q18, partially due to the fall in profits from its taxi segment and non-recurrence a special dividend from its subsidiary Cabcharge Australia (recorded in 1Q17).
If we strip out the special dividends of SGD 10m from 1Q17, net profit attributable to shareholders only declined by…


ComfortDelgro 1Q18 Unsurprising, Lesser PH Drivers + Talks with Go-Jek Improve Taxis' Outlook in SG

Singapore Led APAC in YTD, STI Halfway Through Earnings Reports

Thematic (Sector/Industry)

<h2>Go-Jek</h2><ul>
<li>News reports this morning indicate that Indonesian ride-hailing operator Go-Jek has plans to enter Singapore, the Philippines, Thailand, and Vietnam. (Source: <a href="http://www.straitstimes.com/singapore/transport/south-east-asian-rivals-go-jek-and-grab-to-face-off-in-singapore-as-uber-exits" target="_blank">Straits Times</a>)</li>
<li>It appears that Go-Jek has been busy signing up ex-Uber drivers in Indonesia last week after Uber announced the sale of its Southeast-Asian operations to Grab. Interviews with motorbike taxi drivers who were signing up with Go-Jek indicate that they would enjoy better pay and treatment versus the Grab platform. (Source…</li>
</ul>

Go-Jek
News reports this morning indicate that Indonesian ride-hailing operator Go-Jek has plans to enter Singapore, the Philippines, Thailand, and Vietnam. (Source: Straits Times)
It appears that Go-Jek has been busy signing up ex-Uber drivers in Indonesia last week after Uber announced the sale of its Southeast-Asian operations to Grab. Interviews with motorbike taxi drivers who were signing up with Go-Jek indicate that they would enjoy better pay and treatment versus the Grab platform. (Source…


Southeast Asia's Ride-Hailing Market: Goodbye Uber, Welcome Go-Jek, Blue Bird, and Ryde?

Singapore

ComfortDelGro Corporation Limited provides bus, taxi, car leasing and rental, automotive engineering, maintenance services, and diesel sales.  The Group also provides investment trading and operates vehicle inspection and assessment services, and advertising services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Comfortdelgro Corp (CD SP)

Uber Deal Dissolved but Comfort Far from Out of the Woods

Comfortdelgro Corp Ltd (CD SP) announced that it has agreed with Uber Technologies to dissolve the strategic agreement that they entered into last...

Lloyd Moffatt

A-REIT & Venture Re-join FTSE Value-Stocks ASEAN Index Effective 21 May

Singapore Exchange Ltd (SGX)

ComfortDelgro 1Q18 Unsurprising, Lesser PH Drivers + Talks with Go-Jek Improve Taxis' Outlook in SG

Summary of 1Q18 results: CD's headline revenues in 1Q18 lifted by 1%YoY, as higher revenues from Public Transport Services help to offset decline...

Valerie Law, CFA

Singapore Led APAC in YTD, STI Halfway Through Earnings Reports

Singapore Exchange Ltd (SGX)

Southeast Asia's Ride-Hailing Market: Goodbye Uber, Welcome Go-Jek, Blue Bird, and Ryde?

Go-Jek News reports this morning indicate that Indonesian ride-hailing operator Go-Jek has plans to enter Singapore, the Philippines, Thailand, and...

Valerie Law, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)