UBER and GRAB why you so like that?

Reader says...
Hi Ak! I'm sure you'll be getting this a lot now. What do you make of the news that uber is giving up sea? What does this mean for cdg should the purchase of lcr go through or not?

Seems like there will be less promos from grab, but they will also have larger market share than cdg post merger.

Can't seem to decide if it's positive or negative!!

AK says...
The move to purchase a stake in LCR was not even a consideration when I decided to invest in ComfortDelgro.

I looked at the numbers and decided that the dividend was sustainable.

Of course, what I did suit my purpose.

It probably does not suit everybody and, I am willing to hazard a guess, the speculators. :p

(I try to keep things simple because I am not a very smart guy.)

Bad AK! Bad AK! ;p





Related post:
Analysis of ComfortDelgro.