On 1 June, I wrote a piece on the new normal and how I was less sanguine about ComfortDelgro's near term fundamentals then. From a technical analysis perspective, at that time, ComfortDelgro was also trading firmly beneath the declining 50 days moving average (50dMA). The MACD, a momentum oscillator, was also in negative territory, forming a lower high and a lower low. With COVID-19 vaccines on the horizon, things are set to improve although, realistically, numbers might not return to pre COVID-19 levels soon. Having said this, I believe that the worst is over for ComfortDelgro. There is still that competition from Grab, of course, but Grab is facing the same difficult environment right now. Anyway, when I invested in ComfortDelgro, I did it with the worst case scenario of a complete write off of its taxi business in mind. At the time, basically, even without its taxi business, ComfortDelgro would still be able to maintain its dividend to shareholders....