Shares & Derivatives
Recent Action – Comfortdelgro & Vicom
By A Path to Forever Financial Freedom (3Fs)  •  April 10, 2018
I just want to fill in quickly an update I just made since I just made a portfolio update not too long ago for the month. I divested all my position at Comfortdelgro at a price of $2.09 today for an overall -9.1% loss (inclusive of dividend). Year to date however, this divestment has returned me a positive 5% gains since the start of the year. I've been reading and following the development about Grab and Uber since last year and to be honest there are structural issues which I was slow to act upon. With the advent of these technology low capex disruptor, it is a cut throat industry to be in right now, with margins coming in at multi years low. Even Chairman Lim has acknowledged this when he mentioned in the recent interview that they are expecting the vehicle margins to erode further and that ......
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By A Path to Forever Financial Freedom (3Fs)
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