Shares & Derivatives
Added: ComfortDelGro (Oct 2021)
By CompoundingDividendxDividend  •  October 19, 2021
Bought 16,000 shares of ComfortDelGro (CDG) at $1.56 on 19 Oct. Reason for buying: 1) High potential to revert back above $2 in 2022 Gov had changed from "Zero COVID" to "Living with COVID" policy. Thus, low chance Singapore will go into lockdown situation. 2) IPO in Australian Securities Exchange (ASX) The IPO in ASX should be completed in Q4 2021 (News Link). CDG also just completed "Acquisition of Assets in Australia" on 1 Oct (News Link). 3) Won Auckland Rail Franchise (ARF) contract worth $1.13B Contract start 16 Jan 2022 for 8 years, with options for extension (News Link). 4) ComfortDelGro consortium wins public EV charging infrastructure tender (SG) News Link 5) Operating profit $134.6m for 1H2021 6) Net cash increase to $417.3m 7) Dividend resumed 8) CDG is stronger right now than in 2020 I had bought 14,000 shares at $1.45 on Jul 2020 (Link), 13,000 shares at $1.43 on Sep 2020 (Link) and 18,600 shares at $1.57 on Feb 2021 (Link). The price today at $1.56 is definitely safer than my previous 3 buy of CDG....
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