[ad_1]
ven. 6 Jul 2018 – 11:11
DESPITE Provisional Findings of the Singapore Competition and Consumer Commission (CCCS) that Uber's sale of its South East Asia operations to Grab violated the law on competition. Research is in the opinion that a strong escalation of competition in the attraction space is unlikely. DBS said Friday in a research note: "Having seen a full cycle of entrants and eventual releases (since 2013 with the Uber entry) of the application players We believe that a sharp escalation of competition and a return to high incentives and rebates (where participants suffer lasting losses) seem unlikely. "
He attributed this to the low probability of buying back the competition to achieve profitability. While the remedies offered by CCCS may open a window of opportunity for other applications such as Go-Jek, DBS analyst Andy Sim thinks that this could also be an opportunity for the company. ComfortDelGro taxi operator to build "a more dominant presence in the private car rental space, assuming that he is able to associate with Go-Jek" in a similar agreement to its previous partners p with Uber which included the proposed acquisition of a 51 percent stake in Lion City Rentals.
However, the risks for the evaluation of DBS are the possible emergence of a three-way fight for market share in the gap between Grab, Go-Jek and ComfortDelGro.
"At this point, such a result is unlikely due to the unsustainable nature of such competition and ComfortDelGro is now likely to be more receptive to partnership with a platform," said DBS . In addition, DBS argues that there is a stabilization in the number of taxis that it believes has reached its lowest level.
DBS said: "With the release of Uber, there has been anecdotal evidence of the return of taxi drivers,"
In addition, drivers now recognize that revenues from chauffeur services private cars (before the incentives) are not significantly better than those resulting from the provision of private chauffeur services xi services, he added.
[ad_2]
Source link
