This week, ComfortDelGro Corporation Limited (C52) is selling below its 3 years low. Fundamentally, it is not entirely a good stock and neither is it poor. Personally, I have bought some. This is the first stock in a long time I placed some doubt in a transaction. This is because averaging down may not be a good idea if the price were to drop even lower. Yesterday, its RSI has hit below the 30 range.
Here are some of the characteristics observed of C52:
1. Despite the recent loss of ride-hailing market share to Grab and Uber, the net income of C52 has remained resilient. Its net income has been consistently rising over the past few years showing no signs of hindrance.
2. It is a company with diversification of multiple countries and it does not solely depend of its taxi revenue (despite that it is what they (Read more…)