Latest Forum Topics / ComfortDelGro Last:1.21 -- |
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COMFORT DELGRO - MOVING FORWARD
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stonkmaster
Senior |
28-Jan-2023 20:17
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Sally panicking price going to go up? Hurry cover your shorts la.
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Conman
Elite |
28-Jan-2023 11:11
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Dead cat can bounce so high meh, Supreme Gal Gal? 🤗
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Conman
Elite |
28-Jan-2023 11:08
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Guru, I think this Chew guy is as blur as you🤣 .
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Entropy72
Master |
28-Jan-2023 10:24
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Source - Philips Securities, The Edge
At the webinar, Chew candidly acknowledges that one of his regular picks, ComfortDelGro ? , which rounds up the 10 stock ? is not a popular choice. For several quarters, Chew had flagged this stock as his ?preferred? recovery stock poised to ride on the re-opening of economies and to normalise daily activities, including commuting. However, a significant re-rating of the stock did not take place. ?We?ve already chilled the champagne in 3Q,? adds Chew, referring to the earnings period that ended Sept 30 last year. One of the critical reasons why ComfortDelGro?s earnings did not improve as expected was the continued doldrums in the non-Singapore markets of China, the UK and Australia. In the UK, for example, costs shot up in line with multi-decade-high inflation. Yet, the repricing of the contracts, which gives ComfortDelGro the revenue, is done once a year, and therefore there is a lag. In contrast, Singapore?s commuting traffic has improved. However, investors are still hostile towards ComfortDelGro?s taxi business here. The taxi fleet, according to Chew, is shrinking at a rate of 5% to 6% per year. Even so, the company has been pushing for wide usage of its ride-booking app. ?There?s a change in the model. It is now more commission-based more business (for the taxis) will come through app bookings,? says Chew, adding that other ride-hailing platforms charge a quarter of that levy commission charged by ComfortDelGro. ?Growth coming from ride-hailing this is a perfect transition for them,? he adds. Another reason Chew picks ComfortDelGro is the prospect of higher dividends, supported by the cash accumulated by the company through the pandemic. |
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vivacious
Supreme |
27-Jan-2023 16:12
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easily back to 13,14,15 levels | ||||
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rocketman
Master |
27-Jan-2023 14:07
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HUAT ah!! Congrats to those who fueling from $1.13.. Dummy Proof trade as usual...  | ||||
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stonkmaster
Senior |
27-Jan-2023 13:59
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Sally spoken again. Time to load up and ride up. Every time this Sally conman type, the price sure jump.
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chart_expert123
Master |
27-Jan-2023 13:55
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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Although taxi revenue is low, its profit/loss margin is high. Public transport always thin margin.
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bigcat
Member |
27-Jan-2023 13:49
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Wow fake sell off this morning to weep out weak players. Likely to Cheong up some more | ||||
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Conman
Elite |
27-Jan-2023 13:18
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Guru, you have been here long enough to know : dividend 10c = shares drop 20c 😖
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Conman
Elite |
27-Jan-2023 13:13
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Bro,
This is a forum. If you think I am wrong, please challenge me point by point. You dont have the right to ask me to get out just because you dont like to hear negative view.
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JustOnce
Member |
27-Jan-2023 13:02
Yells: "Learning to invest" |
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According to the last annual report, their net cash from operating activities are 660.9M with a net cash and cash equivalent at end of 31 Dec 2021 of 919.1M (an increase from previous year (Y2020) 742.8M), with a long term (non-current liabilities) of 828.6M . Ther profit after tax and earning per share increased from 91.7M to 160M and 2.81 cents/share to 6 cents/share (note in 2019 it was 12.24 cents/share, will see Y2022 how much ground it regains). Purely based on financial numbers, its looks healthy, and slowly recovering to pre-pandemic.  Almost 80% of their group revenue is from public transport services taxi only contributes 12%. With the opening and more people traveling, the revenue should go up.  I just bought some shares into this counter, looking at the valuation and future prospect, but will continue to monitor.   
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Speediman
Senior |
27-Jan-2023 12:13
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Ai yooo. you very 烦 人 leh.  Since you hate CDG so much, get out of this tread lah  
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Conman
Elite |
27-Jan-2023 12:04
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From the way it throw money, very soon it will go bust.
Just a few example: - Selling its London properties to pay special dividends - Paying scary dividends to cause capitalisation to drop and kena kicked out of MSCI ans STI - Set up "green farms" dont know for what? - Even before the gov come out with any overall framework, ( doubt it has done any feasibility study), already thrown in $30m for a consulting firm to develop the SOP for Robotic Taxis 🤣 -
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Conman
Elite |
27-Jan-2023 11:54
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Logical thinking and conclusion is : NO, because it will not be approved by the Australian government, unless it can promise not to be responsible to its investors but to its public bus commuters and school bus children and not make more and more profits from the bus fares quarter after quarter.
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chart_expert123
Master |
27-Jan-2023 10:02
Yells: "Only buy stock with revenue or net cash flow growth!!!!" |
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970Mio cash but long term debt close to 750mio. Anyway, her balance sheet is very healthy.
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Luzern
Supreme |
27-Jan-2023 09:36
Yells: "Huat Ah! 999999999" |
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How much CDG have in Cash? ~S$600mil to ~S$700mil?  If put in USD fixed deposit, thy can get interest of ~S$30 to ~S$35mil per year. Best USD Fixed Deposits: A Comparison Of Interest Rates (January 2023) (singsaver.com.sg) |
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Speediman
Senior |
27-Jan-2023 09:12
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What are the chances of CDG reviving the Australian bus IPO?  | ||||
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vivacious
Supreme |
26-Jan-2023 18:31
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nice close - 121.  130+ in coming weeks | ||||
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stonkmaster
Senior |
26-Jan-2023 13:55
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Sally conman. Where are you? Don?t celebrate cny until forget to shoot down cdg.
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