Comfortdelgro

In: Business and Management

Submitted By azamatkun
Words 3023
Pages 13
• Weekly quizzes via the course website
Lecture 1 ECON001 7

Two Main Sections
• Mi Microeconomics i
• Household and firm behaviour •Taught in weeks 1-5 T h i k 15 • Mid-term exams in week Mid term 7 will be based on Microeconomics topics

• Macroeconomics • Aggregate economy and business cycles • Taught in weeks 9-13 • Final exams in week 15 will be based on Macroeconomics topics

Lecture 1

ECON001

8

Assessment
• Class Participation (10%) p ( )
• Peer evaluation • Self evaluation • Weekly quizzes kl i • Merit and demerit marks

• Group Project (10%) p j ( )
• Please select your topic via the course webpage • 20 minutes presentation • Written report

• Mid-term exams (40%)
• On Micro topics taught weeks 1-5 • Section A: quizzes • Section B: problem solving

• Final exams (40%)
• On Macro topics taught weeks 9-13 • Section A: quizzes • Section B: problem solving

Lecture 1

ECON001

9

What is Economics?
• The Economic Problem • Th Need f Ab The N d for Abstraction i • What is Microeconomics? • What is Macroeconomics?

Lecture 1

ECON001

10

The Economic Problem
• People have unlimited wants
• I want a house, a car, food, clothing, movies etc. • However, we have a limited amount of resources at

our disposal p
• e.g. land is limited: shall we use a given plot of land to build b ild more flats or more offices?

• Because of scarcity of resources, we have to make choices
• Tradeoffs: more of one thing means less of another
Lecture 1 ECON001 11

Resources
• Resources are the inputs or factors of production used to produce commodities and services that people want
• Natural resources: land, oil reserves • Labour: human effort, time earns rent earns wages

• Capital: human creations used to produce goods and services e.g. tools, machinery earns interest • Entrepreneurial ability: ideas, ability to create…...

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...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......

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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......

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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......

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Comfort Delgro Media Release

...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 billion on the back of broad-based segmental growth. The growth would have been even stronger at 6.9% had it not been for the negative translation effect of the weaker Sterling Pound, Chinese Renminbi and Vietnamese Dong. In line with the growth in revenue, operating profit for the year ended 31 December 2011 was 2.8% higher at $399.2 million. Full-year net profit increased by 3.1% to $235.6 million. ComfortDelGro Managing Director/Group CEO, Mr Kua Hong Pak, said: “2011 was a very challenging year given the global economic and financial uncertainties. The persistently high cost of fuel continued to dampen our operations but......

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