ComfortDelGro is a good case study how a competitor can impact it share prices. When Uber was bought by Grab, it went into an uptrend as the price war stopped.
Good time does not last for ComfortDelGro as Gojek came into the market and it went back to a downtrend.
Unless Grab bought over Gojek, else ComfortDelGro share price might go sideways once a bottom is reached.
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