Comfortdelgro hits not only a new 52 weeks low last Friday but also a 3 year low. The last time they hit around this share price was around in Jun 2014. That was right before the contracting model announcement takes place for the public transport.
I just did a quick comparison to see how they fare in terms of earnings between the two.
It seems on a glance earnings was pretty much on par. While operating profit came in slightly lower in 2017, finance costs came in much better due to the lower borrowings they have (stronger balance sheet), hence overall profit was higher. If we just annualized the FY2017 earnings based on the half yearly, we’d get about $320m for the full year. That’s a big IF earnings had bottom already.
If we break it down by division, we actually don’t see a lot of difference with what they …