Posted by: FelixLeong Action 1
$ComfortDelGro(C52)
Jan 31
Feb
Feb 02
Feb 03
Feb 04
Feb 05
Posted Date
Target Price
Entry Price
$3.0
$2.38
Expiry:
in 6 months
Target Price
$3.0
(+26.05%)
NOW:
$2.380
CDG got sold down 20% from $3 high due to worries of taxi competition by Uber/Grab
however taxi business is only 1/3 of its revenues, the bus and rail business remains solid with growth potential
CDG will announce results on 10th feb, in which I expect full year earnings to remain same or slightly higher
I expect a total dividend pay out of 9.5 cents for 2016, which represents a dividend yield of 4%... pretty decent