Bought 13,000 ComfortDelGro (CDG) shares at $1.43 on 29 Sep. This bring my total CDG shares holding to 27,000 shares.
Reasons for buying: 1) Potential 2 bagger
Was considering buying CDG or others stocks (CapitaRetail China Trust / OCBC / HongKongLand), but decided on CDG due to higher potential to achieve 2 bagger
2) Scaling down of taxi rental subsidy CDG will provide 25% rental subsidy from now till 31 Oct. This is a scale down from 100% during Circuit Breaker -> 50% -> 40% -> 30% -> 25%. This will translate to higher profit for CDG.
3) Singapore gradually open up its economy Places are getting more crowded and more companies are getting employees to start to work in office alternate week. Singapore also allow MICE (Meetings, Incentives, Conventions and Exhibitions) with up to 250 participants from 1 Oct. Red colour "HIRED"...