ComfortDelGro    Last:1.54   -

ComfortDelGro

dead stock, price always stay sideline.. no point buying!

 

In real life, I wonder any stock is lifely?

ongkk96      ( Date: 16-Nov-2009 17:39) Posted: it is a dead stock..

 

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_507928.html

 Comfort Huat Ah!

 

Here it comes...

By ANGELA TAN

ComfortDelgro Corporation Limited reported net profit for the fiscal year ended Dec 31, 2009 rose 9.7 per cent to S$219.5 million.

Revenue, however, slipped 2.2 per cent to S$3.05 billion due to a negative foreign currency translation effect of $102.2 million offset by an increase in revenue of $33.8 million.

It is proposing a final dividend of 2.67 cents a share, compared to 2.40 cents a year ago.

 

FY09 results out market close today......stock is still down since opening, could it be below market expectation?

 

lagging stock still sink when mkt goes down

 

ComfortDelgro: BUY S$1.55; Price Target : S$ 1.83; CD SP

Stable yoy growth continuing from 2Q

• 3Q09 net profit + 15% yoy; within expectations

• Revenue impacted by FX translation but operating profit
grew 17% yoy largely on lower oil prices;

• Steady group operations with diversification helping to
balance soft spots (UK taxi, Singapore bus)

• Retain Buy; TP: S$1.83.

DBS 13.11.09

 

Really, but tomorrow i going to in this stock as it's lagging.

 

Already switched out of defensive stocks to growth stocks. Market moving, so ride with the momentum for max gains.
Sitting on stocks that cannot move has opp cost. My opinion only.

 

it is a dead stock..

 

ComfortDelGro currently trades at 14.4x FY10 P/E multiple which is at the mid-lower range of its 13-17x trading band.
At our target price of $1.78, ComfortDelGro will trade at an FY2010 P/E multiple of 16.4x. MAINTAIN  BUY

 DMG Nov'09

tradersgx      ( Date: 15-Nov-2009 23:51) Posted: ComfortDelGro __3 mths ended Sep 2009_ Net Profit (S$M)_ $55.60_   +15%

 

ComfortDelGro

__3 mths ended Sep 2009_

Net Profit (S$M)_

$55.60_   +15%

 

 

Just 1 month after AmF initiated coverage, it looks like plunging back to 1.4x!

 

INITIATE WITH BUY RATING

COMFORTDELGRO CORP LTD

Growth opportunities overide near-term concerns

We like CD’s fundamentals based on its overseas expansion strategy. CD has established a strong foothold
as a key player in the bus services market in Britain and Australia, which will help garner further contracts.
At the same time, CD’s toehold in taxi operations across 11 cities in China puts it in a strong position to tap further
acquisitions for business expansion. In addition, CD has more potential to tap rail opportunities in Singapore with
a growing NEL operation and the likely award of DTL. Despite near-term concerns over earnings volatility from
forex fluctuations, the potential from the above opportunities boost long-term growth prospects.

Trading at lower end of P/E band, upside 22%

At S$1.61, CD is trading at 14.6x FY09, 14.2x FY10 and 13.6x FY11 PEs. This is at the lower end of its historic PE
band of 13 to 18x. For its growth opportunities, we think CD should trade up to 18x. Discounting 4% to 18x PE for a 10%
forex volatility to overseas earnings, we derive a Fair Value of S$1.96, which is at 17.3x FY10 PE. With share upside
potential of 22%, we initiate coverage of CD with a BUY rating.

AmFraser Securities Pte Ltd    4 September 2009

 

Updated: 13th August 2009, 1846 hrs

ComfortDelgro Q2 profit up 0.9%

Mainboard-listed transport operator, ComfortDelgro, says its second quarter net earnings edged up 0.9 percent to 57.3 million dollars. But revenue for the three months ended June fell 4 percent to 758.3 million dollars, mainly due negative currency effects of the weaker Sterling and Australian dollar. The company says revenue growth was broadbased at the operating level in both geographical and segmental terms. It saw increases coming from the business in Australia, China and Britain. In Singapore, revenue from its bus services unit, SBS Transit, fell by 6.6 percent to 168.9 million dollars in the quarter. This was a result of a temporary fare reduction, increase in the transfer rebate and a decrease in ridership. But net profit of the unit more than doubled (eds: 111.9%) to 13.5 million dollars, as fuel and electricity costs as well as other operating expenses declined. Looking ahead, ComfortDelgro says as global economic conditions remain uncertain, it will continue to focus on the demand patterns of its customers. It will continue to seek suitable opportunities for growth

 

also sold away this morning when it was still high

 

Result on 13Aug09,Seem like a bit far away leh.

Indeed i'm still holding DBS & UOL. I would like to see its result.

 

not waiting for 3q result later?

 

Sold away today, together with SPH

wongmx6      ( Date: 16-Jun-2009 04:44) Posted: This stock is still with me and SPH as well. Beside that 85% of my bullets is in cash. I'm waiting for a correction.

 

This stock is still with me and SPH as well.

Beside that 85% of my bullets is in cash. I'm waiting for a correction.