Uber

Update

Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia

(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.

Uber CEO Travis Kalanick quits under pressure from investors

SAN FRANCISCO (June 21): Uber Technologies Inc. Chief Executive Officer Travis Kalanick has resigned, capping a series of controversies that have rocked the world’s largest technology startup and exposed fundamental problems with its male-dominated cult

In print this week

Heavyweight stocks disrupted by new technologies, shifting consumer behaviour

SINGAPORE (June 17): New technologies and shifting consumer behaviour are destroying the reliable returns once offered by some widely owned heavyweight stocks.
Grab - by Bloomberg

Grab likely to raise funds in near future

(June 6): Ride-hailing firm Grab, Uber Technologies Inc's largest rival in Southeast Asia, is likely to embark on a round of fundraising as it works to develop new offerings such as financial services, its chief executive told Reuters on Tuesday.

Broker's Calls

ComfortDelGro to rise above the land transport sector’s negative noise

SINGAPORE (April 19): Deutsche Bank is keeping its “buy” recommendation on land transport group ComfortDelGro (CDG) at a target price of $2.90, although it notes near-term pressures abound in Singapore’s taxi industry as well as projects 5-7% lower

Singaporeans become Uber drivers to get around high car prices

SINGAPORE (March 17): In one of the most expensive countries in the world to own a car, Peter Chiu is finding a novel way to pay for one.

Here’s a simple way ComfortDelGro could save $2 mil a year

SINGAPORE (March 8): A commercial decision to change all taxis to yellow could save lives and potentially reduce economic losses by millions of dollars, according to a study led by researchers from the National University of Singapore (NUS).

Singapore rattles sharing economy with rule change

SINGAPORE (Feb 23): Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.

Broker's Calls

Can ComfortDelGro grab the bull by its horns?

SINGAPORE (Feb 13): The road ahead is paved with challenges for land transport operator ComfortDelGro.

Broker's Calls

ComfortDelGro on the road to a stable 2017

SINGAPORE (Jan 16): CIMB Securities continues to rate land transport company ComfortDelGro at “add” with an unchanged target price of $2.91, while forecasting a FY16-18 yield of 3.9-4.7% based on an incremental payout ratio of 66-70%.   
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