Shares & Derivatives
Comfort Delgro sinks to 14-year low! Will it go lower? (19 Jan 2023)
By InvestingNote  •  January 20, 2023
On 11 Jan, Comfort (CD) closed at $1.21, the lowest close since 31 Oct 2008. The next day, to the horror of CD’s shareholders, it broke $1.21 with volume expansion and closed at $1.18. At the time of this write-up, CD closed today at $1.14, the lowest close last seen 29 Oct 2008. This post was originally posted here. The writer, Ernest Lim is a veteran community member and blogger on InvestingNote, with a username known as @el15 and has close to 550 followers. ‌Will CD fall more? Or will this be a comfortable trade at current level? Let’s read on for more.‌ Possible reasons to be bullish
  1. A) Still a recovery play
CD with its operations in Australia, China, Singapore, UK etc. should gradually benefit as economies re-open. China’s abrupt easing of its Covid measures will likely facilitate more commuting and travelling in China and outside China. ‌Based on Bloomberg, the consensus from analysts is still projecting CD to post a...
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By InvestingNote
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