Shares & Derivatives
ComfortDelGro’s Share Price is Hitting a 52-Week Low: Can the Land Transport Giant Find its Mojo?
By The Smart Investor  •  May 29, 2023
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...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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