Shares & Derivatives
[Paywall] Comfortdelgro share price under attacks
By SG Wealth Builder  •  September 8, 2023
It is that “uh-oh” feeling for Comfortdelgro share price again. On 8 June 2023, Comfortdelgro share price plunged to a record low of $1.00. Notably, the collapse of Comfortdelgro share price came shortly after the release of a dismal 1QFY2023 business update on 18 May 2023 that saw operating profit collapsing 52% to reach $32.8 million. In my previous article on this counter, I had expressed my concerns on the long-term prospect of this company. And the devastating crash of Comfortdelgro share price in June 2023 certainly vindicated my thesis. Should investors run for their lives? Comfortdelgro is a transport company with a total fleet size of about 34,000 buses, taxis and rental vehicles. SBS Transit, a listed company, is a subsidiary. Vicom, another SGX-listed company, is another subsidiary. For the past decade, Comfort Delgro has spread its wings overseas, with operations in Australia, the United Kingdom, New Zealand, China, Ireland and Malaysia. Many investors must be feeling disgruntled at the terrible form of ComfortDelgro share price...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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