...Source:ComfortDelGro Corportion Overview ComfortDelGro Corporation Limited, an investment holding company, operates as a land transport company. It operates a fleet of public scheduled and private charter buses; an inter-city bus station; taxis under Comfort and CityCab brand names; and underground driverless rail system and light rapid transit systems in Sengkang and Punggol. The company also engages in the rental, leasing, and distribution of cars; and provision of automotive engineering services, including fleet maintenance, general repairs, engine diagnostic and tune-up services, system overhaul, crash repairs, and automotive consultancy services, as well as vehicle design and assembly, component re-manufacturing, vehicle recovery, and towing services. In addition, it offers vehicle inspection and testing services comprising testing, calibration, inspection, consultancy, and training services to various industries, such as the aerospace, building and construction, electronics, petrochemical, pharmaceutical, engineering, chemical, and biotechnology. Further, the company operates ComfortDelGro driving centre, which provides driving instruction for motorcars, motorcycles, bus, and taxi vocational license, as well as corporate training services. Additionally, it offers insurance broking services for traditional insurance products and alternative risk financing instruments; and outdoor advertising services. The company operates a fleet of 46,200 vehicles. It operates in Singapore...
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...Profile | Get Profile for: | | ComfortDelGro Corporation Limited 205 Braddell Road Singapore, 579701 Singapore - Map Phone: 65 6383 8833 Fax: 65 6287 0311 Website: http://www.comfortdelgro.com.sg Details | | Index Membership: | N/A | Sector: | Services | Industry: | Trucking | Full Time Employees: | 22,714 | | Business Summary | | ComfortDelGro Corporation Limited, an investment holding company, operates as a land transport company. It operates a fleet of public scheduled and private charter buses; an inter-city bus station; taxis under Comfort and CityCab brand names; and underground driverless rail system and light rapid transit systems in Sengkang and Punggol. The company also engages in the rental, leasing, and distribution of cars; and provision of automotive engineering services, including fleet maintenance, general repairs, engine diagnostic and tune-up services, system overhaul, crash repairs, and automotive consultancy services, as well as vehicle design and assembly, component re-manufacturing, vehicle recovery, and towing services. In addition, it offers vehicle inspection and testing services comprising testing, calibration, inspection, consultancy, and training services to various industries, such as the aerospace, building and construction, electronics, petrochemical, pharmaceutical, engineering, chemical, and biotechnology. Further, the company operates ComfortDelGro driving centre, which provides driving instruction for motorcars, motorcycles...
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...INTRODUCTION Our group has chosen to cover the occupation of a taxi driver, Mr Chua Boon Teck, who drives a CityCab taxi that is under ComfortDelGro Corporation Limited. This essay will cover his job scope, identify the potential hazards using a risk and body map, and evaluate the risk using a risk matrix. Recommendations will also be made to reduce the risks and hazards that are identified. JOB SCOPE Mr Chua has three key tasks in his job. The first one is the daily checks required before operation to ensure that all taxi parts, such as the brake and windscreen wiper, are functioning well. The next key task is the routine maintenance of his taxi. This would include cleaning the interior and exterior, notifying the company’s mechanics of any problems, bringing it for servicing, and performing routine maintenance. Lastly, his main responsibility is to transport passengers safely to their destinations. The job requires Mr Chua to sit in his taxi and be on the road throughout his daily midnight shift of eight hours, between 4am to 1pm, with short breaks at his own time. As a taxi-driver, Mr Chua has to be familiar with the roads and landmarks in Singapore to increase his job efficiency. KEY HAZARDS AND ASSESSMENT OF RISKS As a taxi driver, Mr Chua is confined within his driver’s seat for long hours and constantly on the road, where accidents can happen anytime. Therefore, we will be analysing the risks and hazards from a macro and micro point of view. Macro hazards are...
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...for 85.8% of Group bus operating profit – crossing the 80%-mark for the first time. - Public scheduled bus operations in Singapore under SBS Transit incurred an operating loss of $6.0 million as compared to an operating profit of $14.9 million in 2010 due mainly to higher fuel costs. Net profit increased by 3.1% to $235.6 million EBITDA increased by 5.4% to $715.8 million Global fleet increased to a record 46,300 vehicles Singapore, 13 February 2012 – ComfortDelGro today announced its audited results for the year ended 31 December 2011. Highlights: Revenue Operating Profit Net Profit Attributable to Shareholders EBITDA EPS – cents Full Year 31 Dec 2011 $m 3,411.1 399.2 Full Year 31 Dec 2010 $m 3,206.9 388.4 235.6 228.5 3.1 715.8 11.27 679.3 10.95 5.4 2.9 Change % 6.4 2.8 Note: All prices in Singapore dollars ComfortDelGro Corporation Limited 205 Braddell Road Singapore 579701 www.comfortdelgro.com Co. Registration No.: 200300002K Group ComfortDelGro Corporation’s full-year revenue increased by 6.4% to a record $3.41...
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...Company profile Basic infor Comfortdelgro is a land transport companies through the merger by the Comfort group and Delgro Corporation. Those two companies had started their business in 1970s. After merger, the Comfortdelgro has achieved significantly performance. Nowdays has become the second largest land transport company in the world and market leader in singapore. With the fleet size of more than 46,300 vehicles and operation in seven countries(China, the united kingdom, ireland, australia, malaysia and vietnam). The company’s business include bus, taxi, rail, car rental & leasing, automotive engineering services, vehicle inspection & testing services, driving centre, insurance broking services, outdoor advertising and car dealership. Its vision Its mission Global network Company history The history of Comfortdelgro can be traced back to 1 April 2003. The corporation was formed through the merger of Comfor Group and DelGro Corporation. In 2003, the world’s first fully automate underground heavy rail system started its service on 20 June, which is NorthEast line. NEL is operated by the subsidiary of ComfortDelgro company-SBS transit. Moreover, the Group take 70% stake in Vinataxi Company Limited which provide taxi services in Ho Chi Minh City. In 2004 VICOM Ltd has, on 22 March 2004, entered into a conditional sale & purchase agreement with CIAS Enterprises Pte Ltd(CIAS) and ALPHA container Services Pte Ltd(ALPHA) to acquire...
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...Current Issues Market Demand Factors that may influence ComfortDelgro demand: 1. Income 2. Expectations 3. Amount of Consumers Given Singapore’s population density, in 2009 itself, more than 50% of all daily commuter trips in Singapore were made on public transport - about 3.1 million by bus, 1.8 million by MRT and another 0.9 million by taxi. Approximately 15% of the commuters are travelling using the taxi system. This figure has not include the varying tourism figures that will contribute to the usage of the public transport system. Due to the high demands, it is imperative to make public transport system the centrepiece of Singapore's land transport system. From an economic point of view, taxis are still considered luxury items as compared to buses and trains, the number of people resorting to taking taxis as a form of transport will increase gradually because the income parity gap has become narrower as the educational level increases by generation. However, there has been negative sentiment towards public transport operators after the recent taxi fare hikes and increasingly frequent train service breakdowns in Singapore. These incidents have dampened and shaken the confidence of the public recently. Increase in Oil Prices Oil prices are affected by supply and demand and has been increasingly volatile amid with a slower economy growth outlook. Oil is a vital input for the production of a wide range of goods and services, in ComfortDelgro’s case, it is mainly used...
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...The independence of AC members and external auditors and policies to raise the concern of any misconduct of employees are to be reviewed by the AC mentioned in the Code help reduces the chances corporate abuse in the company. Also, the disclosure of AC activities also reduces the chances fraud and mismanagement occurring. ComfortDelGro’s Practices 1. The Audit and Risk Committee (“ARC”) consist of 4 NEDs that are independent. 2. The ARC members have current and related financial management expertise. 3. ComfortDelGro discloses their whistle-blowing policy in their annual report. (Refer to Appendix 3.1.2) 4. The roles of the ARC are as disclosed. (Refer to Appendix 3.1.3) 5. The ARC reviews the independence of external auditors by ensuring the partner in-charge changes every 5 years. ComfortDelGro complies with the Code as shown by their practices above. Improvements There are no improvements to be made for ComfortDelGro’s Code of Governance as some regulations stated are more stringent than those in the Code such as members of the ARC are independent and are NEDs while the Code mentioned that majority and a minimum of 3 members must be...
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...Rivalry Among Existing Firms Trains • Duopoly system in Singapore, train services (Mass Rapid Transit) dominated by SBS Transit and SMRT Trains. • Currently 4 major ‘lines’ in Singapore, namely Circle Line, North-East Line, East-West Line and North-South Line. • Though the train services were owned by Land Transport Authority of Singapore, the trains are operated by two operators, SMRT Corporation (SMRT Train) and ComfortDelGro (SBS Transit) • Dominated by SMRT Corporation, they operate the Circle Line, North-South Line and East-West Line. The remaining North-East Line is operated by SBS Transit. Taxis • Initially with only 3 major operators for taxi, this had since increased to 7 taxi operators. • Major operators in Singapore are ComfortDelGro (includes CityCab, Comfort, Yellow Top), TransCab and Taxi by SMRT Corporation (known as SMRT Taxi). • The other operators with less than a fleet of 2,000 taxi are UnionCab, PrimeCab, Premier Taxi and SMART Cab. • With the increasing number of companies into the Taxi Industry since 2004, possibilities are there might be an increase in Taxi Operators in Singapore. Buses • Numerous of operators in Singapore whom offer public and private bus services. • Focusing into the public bus sectors, dominated by SMRT and SBS Transit. • SMRT covers a limited of the public bus service sector, offering less than 100 routes (bus services) and with a limited fleet of 991 buses • As compared to SBS Transit, the latter offers more than...
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...Comfort Delgro – Porter’s 5 force analysis Threat of new entrants/competitors LOW- In the transport industry, especially in Singapore, the infrastructure is complicated and takes a long time to build. It is a costly investment to enter into the transportation industry in Singapore because of the high prices of vehicles and licenses to obtain these vehicles (certifcate of entitlement). Comfor Delgro is also the industry leader in Singapore in terms of taxis. This industry also requires government backing and approval. ComfortDelgro also owns 75% of SBS Transit, the largest bus operator in Singapore. Threat of substitute services LOW - The common modes of transportation are cars, motorcycles, buses, taxis and trains(MRT). The need of transportation is to get from one place to another. ComfortDelgro has businesses is all of these forms of transportation. There cannot be another form of substitute for these modes of transportation unless a new mode is invented. People change between these same few modes of transportation. E.g. a car owner would take the bus, mrt or taxi if his car breaks down or sells his car to use public transportation. Consumers could also substitute between these various modes of transportation. E.g taxis are more expensive than buses. Also consumers switch to buses when MRTs start breaking down and consumers lose confidence in the service. Threat of Bargaining power of customers (buyers) LOW - Customers have little or no bargaining power in the transportation...
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...Analysis SMRT – Industry Analysis (Michael Porter’s 5-Forces Model) ------------------------------------------------- Rivalry Among Existing Firms * Trains * Duopoly system in Singapore, train services (Mass Rapid Transit) dominated by SBS Transit and SMRT Trains. * Currently 4 major ‘lines’ in Singapore, namely Circle Line, North-East Line, East-West Line and North-South Line. * Though the train services were owned by Land Transport Authority of Singapore, the trains are operated by two operators, SMRT Corporation (SMRT Train) and ComfortDelGro (SBS Transit) * Dominated by SMRT Corporation, they operate the Circle Line, North-South Line and East-West Line. The remaining North-East Line is operated by SBS Transit. * * Taxis * Initially with only 3 major operators for taxi, this had since increased to 7 taxi operators. * Major operators in Singapore are ComfortDelGro (includes CityCab, Comfort, Yellow Top), TransCab and Taxi by SMRT Corporation (known as SMRT Taxi). * The other operators with less than a fleet of 2,000 taxi are UnionCab, PrimeCab, Premier Taxi and SMART Cab. * With the increasing number of companies into the Taxi Industry since 2004, possibilities are there might be an increase in Taxi Operators in Singapore. * * Buses * Numerous of operators in Singapore whom offer public and private bus services. * Focusing into the public bus sectors, dominated by SMRT and SBS Transit...
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...INTRODUCTION SBS Transit is a leading bus and rail operator in Singapore formed in 1973. It carries close to 3 million passengers on its extensive bus and rail network daily. The company invests extensively in technology and training, constantly looking to upgrade not only its operations but its people as well. On 1 November 2001, the company's name was changed to SBS Transit Limited to reflect its status as a bus and rail operator when they successfully get the license to operate North East MRT Line. Its parent company is ComfortDelGro Corporation which was previously known as DelGro Corporation Limited. The parent company has Singapore Bus Service as its direct predecessor. The objective of the SBS Transit is to provide a world-class public transport which is safe, comfortable, affordable, reliable and friendly services to everyone in Singapore. (SBS Transit, 2013) ANALYSIS OF SBS TRANSIT Strengths | World’s largest land transport company * largest scheduled bus service provider with a 75% share of the market * With a fleet of 3089 buses, operate 251 bus routes which consist of 196 basic bus services, 31 premium bus services and 24 niche bus services to cater to as wide a spectrum of commuter as possibleReasonable Price with comfortable environment * The fee for one route is affordable to everyone which was less than three dollar. * Every buses provided air-condition to make commuter journey more comfortable (SBS Transit, 2013) | Weaknesses | Limited liquidity...
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...Accounting Theory Market Efficiency Project Report 1.0 Objective An analysis of the 30 components in the Straits Times Index (STI) is conducted to ascertain whether the Singapore stock market is weak-form efficient. If the hypothesis holds, the stock prices should reflect all available information in historical prices. In order words, it is expected that the stock returns would demonstrate unpredictability and follow random walk given an efficient market. 2.0 Methodology The data used for this analysis are the stock prices of the 30 components in STI for the period of 1 Jan 2001 to 31 Dec 2012 extractedfrom Yahoo Finance. For each stock, the daily, weekly and monthly stock returns are calculated. Weekly returns are derivedfrom the closing price on each Friday, while monthly returns are based on the closing price at each month-end. The STI is a capitalization weighted stock market index that tracks the performance of the top 30 companies listed on the Singapore Exchange. As such, the composition of STI is not fixed. As at Feb 2013, subject to availability of data from Yahoo Finance, it is observed that majority of the 30 stocks on STI have been included since Year 2000, while some are included in the period of Year 2004 to 2010. However, one of the current components of STI—IHH Healthcare Berhad—was only included on 26 Jul 2012 which is less than a year as of analysis date. Considering that a big portion of this analysis focuses on the comparison between the 30 stocks...
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...1. Project Objectives and Overall Research Approach 2.1. Reasons for choosing Project Topic Area and Organisation The reason why I have decided on this Project Topic 8 about the business and financial analysis of organisation is because it is regarded as a popular agenda topic in many different investment forums, meetings and even verbal conversations. Such area of knowledge on “Analysing the business and financial health of organisation” is deemed important as it is evidently seen widely incorporated into many teaching syllabus and conventional business finance textbooks. For myself whose ambition is to become an audit partner of an accounting firm, such topic area will be extremely common in my field, and grasping such expertise is definitely a must given that becoming a master of it makes me competitive advantageous over others. Then again, I am especially fascinated concerning the success of Singapore’s duopoly public transportation system which is perceived as one of the key sector in the success of Singapore’s infrastructure. This duopoly transportation system is dominated by 2 major players, one of which is my choice of organisation, Singapore Mass Rapid Transport Corporation Limited. (Also known as SMRT Corporation Ltd). In fact, total number of passengers utilising public transport has been growing constantly since Year 2000. For the year ended 31 December 2010, a highest record of 726,034,000 passengers was achieved (Yearbook of Statistics Singapore,...
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...A FEASIBLE STUDY ANALYSIS REPORT OF LECAB EXECUTIVE SUMMARY: This report aims to provide a feasible study analysis on a company called LeCab- a French start-up business innovating in car transportation established in 2012. The report aims to analyse the market that LeCab is operating in including its competitors, customers, differentiation. From the market analysis it is seen that LeCab is facing tough competition in the UK market due to the fact that it has not established its name in the UK. The biggest competitor of LeCab in the UK market is Black Cab. In term of customers, the major customer group that often use taxis is the 18-29 age group. In addition to this, key concerns of consumers when using cabs are the knowledge of London of the taxi drivers, payment methods and awareness towards the environment. With regard to differentiation, it is seen that key differentiation of LeCab that makes it stands out to customers are elegance, awareness towards the environment and the community, which they use eco-friendly engines, taxi drivers, and comfort offered to customers. In term of its business model, LeCab only targets B2B customers and build direct relationships with customers through various means of communications such as FaceBook or LinkedIn. In order to introduce the service widely to reach target customers, LeCab has also worked in collaboration with a number of organisations across sectors from car providers such as Peugeot to newspapers such as The Times, The Economist...
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...Hospitality Business Models Confront the Future of Meetings Cornell Hospitality Industry Perspective No. 4, June 2010 by Howard Lock and James Macaulay www.chr.cornell.edu Advisory Board Ra’anan Ben-Zur, Chief Executive Officer, French Quarter Holdings, Inc. Scott Berman, U.S. Advisory Leader, Hospitality and Leisure Consulting Group of PricewaterhouseCoopers Raymond Bickson, Managing Director and Chief Executive Officer, Taj Group of Hotels, Resorts, and Palaces Stephen C. Brandman, Co-Owner, Thompson Hotels, Inc. Raj Chandnani, Vice President, Director of Strategy, WATG Benjamin J. “Patrick” Denihan, Chief Executive Officer, Denihan Hospitality Group Joel M. Eisemann, Executive Vice President, Owner and Franchise Services, Marriott International, Inc. Kurt Ekert, Chief Operating Officer, GTA by Travelport Brian Ferguson, Vice President, Supply Strategy and Analysis, Expedia North America Chuck Floyd, Chief Operating Officer–North America, Hyatt Anthony Gentile, Vice President–Systems & Control, Schneider Electric/Square D Company Gregg Gilman, Partner, Co-Chair, Employment Practices, Davis & Gilbert LLP Susan Helstab, EVP Corporate Marketing, Four Seasons Hotels and Resorts Jeffrey A. Horwitz, Partner, Corporate Department, Co-Head, Lodging and Gaming, Proskauer Kevin J. Jacobs, Senior Vice President, Corporate Strategy & Treasurer, Hilton Worldwide Kenneth Kahn, President/Owner, LRP Publications Paul Kanavos, Founding Partner, Chairman, and CEO, FX Real Estate...
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