Ezotop

Monday, September 18, 2023

ComfortDelGro - Fare hike in Dec 23rd 2023 likely to boost their revenue and net income!

 

I think high probability she may likely breakout 1.30 and rises higher towards 1.40 than 1.42-1.46. Please dyodd. 



Public transport fare hike: Adults to pay 10 to 11 cents more per journey from Dec 23

The Public Transport Council, which regulates bus and train fares, has granted an overall increase of 7 per cent as part of the 2023 fare review exercise.   


 I think breaking out soon!

Dividend for the interim six months period will be credited to your account today - 31st August, Awesome!

Please dyodd.





She is gaining strength and likely rise up to test 1.30 again!A nice breakout of 1.30 plus high volume would likely see her rising up to revisit 1.35 than 1.43.

Please dyodd.

 Total Revenue is up 1% to 1862m versus 1843m last year! 

Net profit of 78.5m is down 31.9% . If excluding the divestment gains from last year of 30.5m, Net profit is down marginally. 



Interim dividend increase from 2.85 to 2.9 cents.



Taxi operations also saw an improvement of revenue with lower discounts handling out! 

Cash Flow is good. So much cash on hands!



I think the results is not bad! 

Please dyodd.


She is rising up in an orderly manner looks rather bullish!

I think waiting for the next breakout moment!



results should be out by end of August,  dividend is coming!

Please dyodd.

 Chart wise, bullish mode!



Likely to rise up ti test 1.30 than 1.35 with extension to 1.45.

Yield is avoit 3.7% at 1.27.

NAV 1.18+.

She is due to report her first half results soon!

Pls dyodd. 



GD NEWS: Awarded a contract to operate rail services in Paris, France’s capital city.

— marks the Group’s first foray into France’s rail operations market and is a first by a Singapore company.




 Indeed, she has managed to conquer 1.21 and rises up to touch 1.23 looks rather positive!



High probability I think she may rise up to test 1.25-1.27 then 1.30-1.35.

Please dyodd. 

ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. 


The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies. 

EN Corporate Profile Navigation ABOUT NETWORK INVESTOR SUSTAINABILITY TRANSFORMATION NEWS CONTACT CAREER CORPORATE PROFILE HOME / ABOUT US / CORPORATE PROFILE ComfortDelGro is one of the largest land transport companies in the world with a global workforce, a global shareholder base and a global outlook. The Group was formed on 29 March 2003 through the merger of two land transport companies - Comfort Group and DelGro Corporation. Both had started out in the 1970s and had, by the time of the merger, grown to become successful listed land transport companies.
Following the merger, ComfortDelGro has expanded significantly and now operates in seven countries and has a global fleet of about 34,000 vehicles.

ComfortDelGro’s businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving centres, non-emergency patient transport services, insurance broking services and outdoor advertising. Apart from being the market leader in Singapore, ComfortDelGro has a significant overseas presence. 


The Group’s operations currently extend from the United Kingdom and Ireland to Australia, New Zealand, Malaysia, as well as across nine cities in China, including Beijing, Shanghai, Guangzhou, Shenyang and Chengdu.

Chart wise,  bullish mode!
Likely to continue to trend higher!






Short term wise,  I think likely to rise up to retest 1.20-1.21! 
A nice breakout smoothly may likely see her rising up further towards 1.25 then 1.30.

NAV 1.186.
PE 14x.
Dividend yield 4.11%.


Please dyodd.

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