Land transport: Grab-Trans-cab partnership may wrestle drivers away from competitors
- Grab entered exclusive partnership with Trans-cab, Spore 2nd largest taxi operator
- All 7,000 drivers under Trans-cab will only use Grab as its external online passenger booking platform
- Grab to offer app training, and special smartphone and telecom deals to drivers
- Arrangement can help fence off competition for drivers from Uber, Comfort, and SMRT
- This may concern Comfort and SMRT as both encountered deteriorating taxi operating metrics
- Maybank KE is negative on Land Transport sector. Comfort (Hold, TP: $2.63), SMRT (Accept Temasek's offer)
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