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Old 22-08-2017, 07:45 PM   #1546
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CDG in discussions with Uber :

http://infopub.sgx.com/FileOpen/POTE...&FileID=468016

lets see the price movement of CDG ADRs on US market tonite...
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Old 22-08-2017, 08:30 PM   #1547
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This kind of thing you just need 1x big accident to happen, government will pull back on the use already. Imagine nowadays so many siao lang on the road. Just need one to hiong hiong ram the self driving car.
that's why.. I don't understand how self driving cars can be possible in the next few years ? if u say maybe 5-10 years later, can believe.. but like next year or the following year? when the roads are so congested and so many ppl jaywalking ? but a lot of people whom have quite high education still thinks that its possible in edmw (and obviously those professors and peeps researching this)

cars on the roads are not like LRTs or MRTs where they travel in only one way and only need to detect an object in front.. have to detect from the side, left and right and backwards (that's why we have to check blindspots isn't it ?)
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Old 22-08-2017, 10:58 PM   #1548
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that's why.. I don't understand how self driving cars can be possible in the next few years ? if u say maybe 5-10 years later, can believe.. but like next year or the following year? when the roads are so congested and so many ppl jaywalking ? but a lot of people whom have quite high education still thinks that its possible in edmw (and obviously those professors and peeps researching this)

cars on the roads are not like LRTs or MRTs where they travel in only one way and only need to detect an object in front.. have to detect from the side, left and right and backwards (that's why we have to check blindspots isn't it ?)
Jus install sensors in all directions and there will be no blind spot? Anyway, most Drivers are men and men have particularly poor peripheral vision. I don't see why it is not possible for a driverless car to be more 'aware' of its surrounding.

AI also have the potential to make much better decision as demonstrated by many studies in many fields.

Lastly, driverless car won't suffer from fatigue and won't have problem of drunk driving.

Having said that, I don't think driverless cars will hit the road anytime soon. The Tech is still not mature yet, and there are many regulatory hurdles.
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Old 23-08-2017, 12:58 AM   #1549
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CDG in discussions with Uber :

http://infopub.sgx.com/FileOpen/POTE...&FileID=468016

lets see the price movement of CDG ADRs on US market tonite...
not moving

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Old 23-08-2017, 08:43 AM   #1550
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Gapping up!

Looks like a massive panic short covering rally. Really over shorted to the max

Last edited by SeVenn; 23-08-2017 at 08:59 AM..
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Old 23-08-2017, 09:03 AM   #1551
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scooped some of these.

in summary, i am willing to take a gamble on this for the following reason:

1. no doubt revenue fell largely because of taxi segment, company is holding on to net cash segment so it gives them opportunity to pivot quickly (onto a correct strategy, i hope)

2. i do not take taxi but i do take grab/uber. i feel that most people are taking u/g because of the ridiculous $1/3/4 fares that can take you quite a distance. did you take taxi before u/g came in? . no doubt customers were lost but the impact has been lesser than what i expected. believe most people are like me in terms of u/g vs taxi mindset.

3. the problem is that u/g are stealing the cdg drivers and they are enjoying life under "no boss" and "drive as you like". but on those rare times i get subsidised taxi for work i do talk to the drivers and you will know they eventually come back to taxi because the fares are unsustainable. i myself drove u/g for a mth to understand the market and indeed i find that on my best nights it is still what i would class as a 'high risk low pay' job that eventually most drivers will also quit when they find a better out

4. u/g can burn cash but let's put it this way would you buy them if they go to an ipo? cdg is accountable to its shareholders so while i enjoy the cheap rides i do not want my investments to follow suit. the market is inverted now because sometimes even taking a grabshare for 2 is cheaper than a bus! this must eventually correct itself

5. so far u/g is messing on 'gov turf' and all it takes for gov to ensure they keep their own cdg alive is to implement 2 likely laws: 1. drivers above 30; 2. fares must follow standard taxi fares. uber is already being squeezed out by aggressive grab marketing and fares i see the end point as grab and taxi to co-exist. they will not implement standard fare now because they will not want to save uber who is an 'outsider'. once uber is out, and if fares are standard one day, will you take phv or taxi?

just my 2 cents. keeping this for the very long run.
gxgx perisher & me lol
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Old 23-08-2017, 09:09 AM   #1552
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This kind of thing you just need 1x big accident to happen, government will pull back on the use already. Imagine nowadays so many siao lang on the road. Just need one to hiong hiong ram the self driving car.
our driver also easily not happy at the car infront of us or next to us when merge. very possible will have many problem. at certain speed you cant avoid accident also.
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Old 23-08-2017, 09:10 AM   #1553
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Wahseh $2.4! Huat arh!
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Old 23-08-2017, 09:19 AM   #1554
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market taking it well!
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Old 23-08-2017, 09:39 AM   #1555
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sold

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Old 23-08-2017, 09:46 AM   #1556
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run with good news. mai tu liao
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Old 23-08-2017, 09:57 AM   #1557
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run with good news. mai tu liao
Most probably the deal will go through because they need each other. If so will Chiong some more?
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Old 23-08-2017, 10:18 AM   #1558
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Most probably the deal will go through because they need each other. If so will Chiong some more?
Likely the deal will fail.
Thereafter those who haven run horse will die gao gao ?
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Old 23-08-2017, 10:34 AM   #1559
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$2.3, fall jin fast also.
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Old 23-08-2017, 10:42 AM   #1560
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Calculated move in an attempt to dilute Uber's market share and lure back the drivers to CDG ?
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