(Oct 11): CIMB-CGS Securities says potential private hire car entrant Go-Jek should not be a worry for ComfortDelGro, at least in the immediate term.

With the lack of a sizeable domestic app user base providing ample demand for taxi drivers to switch over, Go-Jek will need to go after Grab’s private hire car (PHC) driver base first to form the supply, says CIMB-CGS.

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