Sold 16,000 shares of ComfortDelGro at $1.17 on 21 Mar.
Total loss including dividend is $5373.30 (-21.5%)
Reason for selling:
1) Share price remain weak
I am disappointed with CDG share price especially when the price post COVID is lower than pre COVID.
Even with special dividend declared, the share price still remain sideway.
2) Weak Fundamental
Given the current Bus Contracting Model (BCM), I am expecting SBS Transit to further losing market share + lower margin.
The number of taxis on the roads are decreasing too.
Final dividend for FY22 is 16% lower than FY21 (1.76 cents vs 2.10 cents)
Inflation, rising wages, increasing interest rate and lower margin doesn't look good with CDG too.
Added 32,000 shares of Digital Core REIT on 21 Mar at US$0.43
Reason for buying:
1) Bad tenant news punished the share price
Digital Core Reit manager did response to the news here.
Cyxtera Technologies “represents approximately US$16 million of annualised rent or 22.6% of Digital Core REIT’s total annualised rent” (Link)...
