ComfortDelGro Corporation Limited (SGX: C52), or CDG, is going through a tough time.
Its share price has touched a 52-week low of S$1.10 recently and is down 23.2% in the past year.
The group is still facing headwinds even as economies reopen and life resumes some semblance of normalcy.
Recall that CDG had declared a special dividend back in August last year as it booked an exceptional gain from the disposal of a London property.
Despite this, the land transport giant was dropped from the benchmark Straits Times Index (SGX: ^STI) just a month later and replaced by the Filipino brandy and spirits company Emperador Inc (SGX: EMI).
Can CDG find its mojo again and see its share price recover to its previous highs? Let’s find out.
A weak first quarter
CDG released its business update for 2023’s first quarter (1Q 2023) recently.
It was a mixed result...