ComfortDelgro just released the 2nd quarter results and net profits decreased 6.8% to 78.4m.
Half year Net profit came in slightly higher at 161.9m (2.1% increased).
Company declared an interim dividend of 4.35 cents vs 4.25 same period last year.
Thee results seems mixed feeling. Nevertheless , I think the result is not too bad .
From TA point of view , it is hovering in a consolidation mode. I think with this set of result + increased in dividend paying out may temporary boosting the share price higher.
Short term likely to see if testing $2.37 then $2.40. Breaking out of $2.40 with good volume that may drive the share price higher towards $2.50.
not a call to buy or sell.
dyodd
( trade base on your own decision)
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