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Sunday, October 3, 2010

Comfort Delgro

Comfort Delgro is currently trading about 13x EPS and is expected to benefit from the daily increase of ridership for both Buses and Trains rides.
This might help the company to achieve a higher revenue growth for 2010 and hence a better or higher Dividends for year 2010.
At the current price of $1.54 I think is a good time to accumulate some as the Moving Average for 25/50 days and also the Stochastic is pointing towards a favorable condition.I think it might have the tendency to rise and test $1.60 soon.

CIMB has a price target of $1.90 and Phillip Securities has a price target of $1.75.

The shares has an upside potential of about 13.5 - 22% which I think is quite attractive.

Cheers,
NB
Invest at your own decision.

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