Category: ComfortDelgro

Posted on

ComfortDelgro @ $2.74

Buy @ $2.74

Got impatient waiting for lower prices… Recent price weakness may be due to,

  • Stronger Oil Prices
  • BREXIT fears causing weakness in British Pounds (20.5% of FY15 Operating Profit from UK/Ireland)
  • Threat to Taxi Operation by Uber & GrabCar (36.5% of FY15 Operating Profit from Taxis)
    • The threat is highest in Singapore due to lower barriers imposed by regulators
    • My estimate is 15%-20% of FY15 Operating Profit comes from Singapore Taxi Operation
      • SMRT with taxi fleet 3000+ reported $13.74m Operating Profit for Taxi segment
      • Comfort Taxi fleet is 10,000+ & another 5,000+ in CityCab (JV with ST Kinetics)

Singapore Bus exposure is via 75.08% Subsidiary SBSTransit, which contributes only ~4.19% to FY15 Operating Profit. This is not very significant and thus, SBSTransit losing any more bus routes due to the new Bus Contracting Model is not expected to have a very significant impact on ComfortDelgro… 😀

Posted on

ComfortDelgro @ $2.75

Sell @ $2.75

Jump-Q during 5pm matching to contra off… Was outside and remembered my Total Qty for last 2 buys wrongly… Only contra off 1.5 Buys… Never mind, the leftover was bought at $2.705 yesterday and have a lower BE… 😀

Posted on

ComfortDelgro @ $2.79

Sell @ $2.79

Contra off… Mkt is happy today with STI +29.2 @ 2802.51… According to Bloomberg News, mkt has reduced the chances of a June Rate Hike to 28%… 😀

Posted on

ComfortDelgro @ $2.78

Sell @ $2.78

Contra one batch and sell another… Thanks to the US mkt +ve (DJIA +1.22%, S&P +1.37%, NASDAQ +2%), many of STI stocks are also +ve (STI +16.43 @ 2766.66).

Same as SingPost, my comfort level for Comfort is now at a more comfortable level… sorry for terrible pun… 😀

Posted on

ComfortDelgro @ $2.74

Buy @ $2.74

Continue to average down… Oil Price easing from it's peak + FED Rate Hike Fears resulted in a day of prices flip-flopping between $2.73 – $2.77, before closing on the day high…  ðŸ˜€