$COMFORTDELGRO CORPORATION LTD(C52.SI)$...firstly it was a structural problem, its cashcow taxi business got slaughtered.
Then it was COVID, CB and stay at home. People move around less. Ticketing revenue got hit.
It’s in a business that governments require doing public good, particularly in hard times like today.
So it’s destinated to have a slow rideto recovery. Don’t compare with those companies in fast car or rocket launching businesses.
Happy are you who have made money. If you don’t, or haven’t, at least you can still collect some dividends to subsidise your bus and MRT rides.
When the fares are raised, yes they always go up, you’ll probably making more profit...go out more frequently, pay your own bus or MRT company...making a virtuous cycle.
Yeah. Stay with the ride.
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