Trans-cab announced rental cut for taxi hirers in the region of 30%. Comfort will not be sitting still and the market will remain nervous about what action they will be taking. Surge in private car rental fleet coupled with new entrants collaborating with Uber and Grab will intensify the competition. This blog believe this forces of disruption has caused long term structural damage to Comfort taxi business and the share price is at an inflexion point of a long term downtrend.
All posts and charts are for educational and illustration purposes only
Post a Comment
Note: Only a member of this blog may post a comment.