personally... i am not big on CDG. Australia's side of business one of the under performing ones under the management of a scholar...
if you read most of its management are long serving employees of CDG itself and hence the leadership is organic...
The other headwind that CDG has is weakening China market. The Chinese aren't contributing much to CDG's revenue so this is no concern.
Valuation of CDG is fair or slightly undervalued at most... yields are unattractive by most standards. Cashflow has not been increasing for a long time. Revenue largely derived from Singapore and London...
I personally think this is the company you can go in, with your eyes closed, when the market bleeds. Not so now...
Comfort delgro the valuations are high
Transport industry is tough for sure
My expectation is not much
Worst case 3.5% dividends and 5% long term earnings growth
CDG fell 20% from $3 to 2.50 level so i see this as an opportunity to pick up this blue chip
If it follows the bull and recovers back to $3, then i will be glad to take profits and put the money into maybe another solid reit for 6% yields instead
probably wait till next cd and see drop anot!
