Comfort Delgro

[opmi]

@opmi, while its indeed true Ride hailing does depend on rental cars, there is also the aspect of Singaporeans who drive grab with their own car.

If demand falls for ride hailing, Drivers on the rental car model will definitely leave the market. However for drivers who own their own cars, they will be stuck in the ride hailing industry, furthermore as it is difficult to find jobs now, they definitely have to do ride hailing.

Its like an analogy of an oil company owning the rig vs another oil company that leases the rig. At low oil price, the one who owns the rig may be forced to keep drilling because he had already paid the PPE cost upfront while the one on leasing model can opt to leave the game if his cashflow can be used in a better place

weijian & CY09,  I agree with what you guys mentioned. 

To add, even those who owned the cars have loans with banks or private credit companies. Some marginal car buyers may add the extra Ride-hailing income as part of purchase calculation.
The ride-hailing ecosystem probably more fragile than expected...

We will see in a few months time..