Hi Victor and/or Rusmin,
What is your take for the above that has happened recently, is it considered one of the lifesaver for CDG?
I am interested in this discussion too.
From what I heard that LCR doesn’t really earn much from it, I’m wondering if it will generate at least 10% ROIC. Seems like a bad acquisition given unclear certainty.
There’s a piece of research here though: http://research.sginvestors.io/2017/12/comfortdelgro-cimb-research-2017-12-09.html
I couldn;t find how much LCR is generating, from what i see seem like a overpay asset too
Maybe we can pay $20 for their bizfile? :p
LOL, will think about it :)
Uber and Grab are definitely affecting CDG’s business. As much as we hope they work with either one of them through using the app. The direction CDG is going seem to be very capital intensive now.
We will sit on the fence and see how the collaboration work out because i don;t think the user of the app will call for taxi but nevertheless we just observe from far at the moment.
And also the deal has to be approved first before the collaboration can proceed if I am not wrong.
Did not know about that, thanks for the inform henry