The key difference between taxis and ride bookings made via apps is that the former can be hailed on the streets.
Grab's impending entry as the sixth taxi operator in Singapore is a "slight negative" for ComfortDelGro (SGX:C52
) but UOB Kay Hian analysts Llelleythan Tan Yi Rong and Heidi Mo have kept their "buy" call on along with their $1.76 target price.
Under Singapore licensing requirements, taxi operators would need to have a fleet of at least 800 taxis.
