ComfortDelGro Unfazed by Ride-Hailing App Onslaught

13-Oct-16 09:20

ComfortDelGro Unfazed by Ride-Hailing App Onslaught

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SGX-listed land transport company, ComfortDelGro is expecting flat to slower 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 ride-hailing is unlikely in Singapore, as pay-packages are still more attractive for full-time taxi drivers.

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Tags: Singapore equities, Uber, Grab, ComfortDelGro

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