That's why I say salute them......accounting is never easy in
any industries.....10 days to tabulate result?.....
Partly because of that, CDG DARE not give monthly
incentive.......You think CDG system GOOD.........hahaha....
For CDG, is the other way round, from outside.....looks
organized, but inside, Ka Na Sai........
It is the same concept of human perspective, and that is alway see
other good, but fail to look at their own good. Others in the
public also see Taxi Driver seibei good, ho tan, but inside the
trade, also ka na sai.
CDG is both comfort and delgro, do not forsaken delgro, a MNC by
itself, being the world second largest transport what is 65millions
in net profit? a 2.9c per share dividend is what most investor is
looking for, better than that pathetic 0.2 to 0.8 per cent bank
interest.
And 50% of the profits was churned from oversea investment, from
vietnam vinataxi to metroline in britain, to many other buses in
australia, taxis and buses in china, what that is bottle necking
cdg growth is SBS, it is running at a lost, but being a GLC, it had
to hold on to SBS and SMRT.
There are about 20million taxi calls per annual in singapore,
which could help to churn the profit, but still oversea investment
is more lucrative for Cdg, because singapore transportation can
easily get saturated, meaning how much taxis or limo can you put on
the road is limited, but the global market is wide open.
Going forward, cdg will be looking more toward oversea
investment, the HQ will still be in singapore and being a
cooperative with majority of shares from govt, Singapore shall
still remain it core business.
To conclude, we therefore have to be prudent about cdg profit,
tho it is net, it wil be plough back for future investment and
expansion more toward overseas. 65millions profit, about 32
millions are from oversea, not here may only churn 33millions and
you hv to give delgro 30% of that profit, return back the loss of 4
million in local buses, what left can only use to budget the next
quarter events and cost of operating and further investment.
Therefore, again we see the face value of 65m, but behind it, it
is only a figure to attract investment and shares.
