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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.
July 24, 2017
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
June 21, 2017
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.
June 17, 2017
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.
June 06, 2017
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
April 19, 2017
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.
March 17, 2017
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).
March 08, 2017
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.
February 24, 2017
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.
February 13, 2017
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%.
January 16, 2017