(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-8679583308408160", enable_page_level_ads: true });

Tuesday, April 17, 2018

COMFORTDelgro

ComfortDelgro - seems like the bad news has more or less faded away as Grab has bought over Uber SEA businesses .

 I think one less competitor for ComfortDelgro. I think right now , hirer or driver has the choice of either joining the Taxi or Private Hire Car Driver’s Vocational License (PDVL) .


 From TA point of view, it has broken out of the downtrend channel and it is on the verge of rising further. On 13th April, we had witnessed a beautiful white thrust bar couple with high volume and closed well at $2.19 , Up 7 cents which is quite impressive.

 It has in fact went up higher to touch $2.22 before profit taking is setting in to close lower at $2.19.

The current price of $2.18 is hovering above the SMA lines of 20,50,100 & 200 days Moving Average which is a good indication for further uptrend mode direction.

Also MACD is rising up nicely in a orderly manner and is likely to see further upwards potential.

 Short term wise, I think it may re-capture the recent high of $2.22 and fly higher towards $2.30 then $2.35 with extension to $2.41.



NAV of $1.21
EPS of 13.9 cents.
PE of 14.6 times.
dividend of 10.4 cents , yield is about 5.09%

6.05 cents CD. XD on 3rd May.

Not a call to buy or sell.

Please do you own due diligence.

Trade / invest base on your own decision.


Corporation Limited, an investment holding company, operates as a land transportation company. It offers public bus and charter bus services; rail services; motor vehicle evaluation and other related services; public taxi services through the rental of taxis to hirers; car rental, car care, and leasing services; outdoor advertising services; and taxi booking management services. The company also provides vehicle inspection and other related services; non-vehicle testing, inspection, and consultancy services; automotive engineering services; coach services; private hire services; crash repair services; bus station services; and charter, coach, and terminal services. In addition, it operates driving schools; and workshops for repairing, servicing, and general maintenance of motor vehicles, as well as acts as a dealer in diesel for motor vehicles. Further, the company rents buses to hirers and provides related services; and constructs specialized vehicles and assembles bus bodies. It operates a fleet of 42,500 buses, taxis, and rental vehicles. The company has operations in Singapore, the United Kingdom, Ireland, Australia, China, Vietnam, and Malaysia. ComfortDelGro Corporation Limited was founded in 2003 and is headquartered in Singapore.

No comments:

Post a Comment