ComfortDelgro @ $1.35

Sell @ $1.35. Decided not to hold as yield (<4%) is not up to my expectation. They seems to hv changed their payout policy to 50% (vs 100% previously) of earnings (the same is observed of SBS, which is their subsidiary). The cash retained had been used to pay down debts but I believe in the mid-term, they are likely cleaning up their balance sheet (for banks ie. lenders to see) so that they can borrow even more money for acquisitions. Buyer code '08' – CS. There seems to be a fight between buyer and seller at the moment (seller won on Friday when it dropped to $1.29). I may still come in to buy for trading purpose if it shld drop below $1.30. 😀