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Singapore Stock Analysis: What Investor Should Know About Comfortdelgro Stock ?

There are a few companies in Singapore which are performing well with the market growth. It will be a smart choice to invest in one of these company if you are considering investing in Singapore now.

With our expert analysis, we have chosen ComfortDelgro to invest in Singapore.

Moving ahead, Let’s talk about why we have selected ComfortDelgro Corporation and what investors should know before investing in it.

1 MARKET CAPITALIZATION (M) 4326.4
2 EARNING PER SHARE (SGD) 0.15
3 DIVIDEND (SGD) 0.04
4 DIVIDEND YIELD 5.2
5 TRAILING PE 14.2
6 52 WEEK PRICE RANGE 1.96-2.51

 

COMFORTDELGRO CORPORATION (SGX: C52)

About Company

ComfortDelgro is one of the largest land transport company in Singapore and in Global level which is listed in Singapore Stock Exchange. The group was formed with the merger of two big transport company i.e. Comfort Group and DelGro Corporation in 2003. After the merger, it became the successful listed company in Singapore.

ComfortDelGro’s businesses include taxi, bus, car rental, rail, and leasing, automotive engineering services, testing services, and inspection, driving centers, insurance broking services, non-emergency patient transport services, and outdoor advertising.

Latest News

The Company recently planning to set up corporate venture capital fund by forming a subsidiary, which invests in technology startup.

CDG’s Australian arm acquired Buslink Pty Ltd and Buslink Southern Pty for $165m (A$168.2m) which operate a fleet of 401 buses across four states in Australia providing public bus, school bus, and charter bus services.

Also, in November 2018 it has introduced the direct current fast charging for electric vehicles in November. With all the progressive news the market sentiment for CDG remains healthy.

FUNDAMENTAL OVERVIEW OF COMFORTDELGRO SINGAPORE

The Stock is trading at S$ 2.16 which is 13.49 times of its P/E Ratio (TTM) which is below industry P/E 27.56 and sector P/E 24.32. Currently trading at 1.68 times of its Book Value.

The company had a high dividend yield record of 4.81 for the last two years.

It has expected ROE of 13.09 with average ROE (5 yrs) 13.01 for coming years.

Below is the key fundamental data of ComfortDelgro which you should know before investing in it.

The fundamental review also includes the historical performance of a company including its dividend history, profit margin over past years.

Historical data is important for an investor to make a wise investment decision.

Below is the important balance sheet data of ComfortDelgro till September 2018.

 

  2016 2017 2018
Revenue(M)($) 4059.5 3970.9 4104.1
Gross Profit(M)($) 1210.4 1136.7 1093.5
Net Profit(M)($) 317.1 301.5 279.3
Gross Margin 29.816 28.626 26.644
DIVIDEND PER SHARE 0.103 0.104 0.104
ROE(%) 12.197 11.201 11.117

 

TECHNICAL OVERVIEW COMFORTDELGRO SINGAPORE

Comfortdelgro stock technical analysis


On Weekly charts ComfortDelGro stock forming like rounding bottom and now trading in the falling channel with lower support at 2.0 and upside resistance at 2.40. Major support comes at SGD 2.0-2.05 and minor resistance at 2.20.

Price need to break out from this range, where major exponential moving averages like 5, 20, and 50 all trading sideways forms major juncture.

Price action wise and candlestick analysis wise, candle formation at a major price zone depicting indecision between traders.

If price broke the lower level of 2.05 then the price can slide further to test 1.95-1.90. The Singapore traders should follow the range-bound trading technique.

Major support and resistance levels as below:

Symbol S3 S2 S1 Pivot R1 R2 R3
ComfortDelGro 2.08 2.105 2.120 2.145 2.170 2.185 2.210


The MMF Solutions Takeaway

The recent acquisition of Australian bus company, Buslink, it has completed the fifth acquisition in Australia, which is undoubtedly a strong representation of the company.

Because of the robust performance of the company over the years and noticeable market sentiment we recommend you to invest in ComfortDlegro. But you should always go with your research and decision while investing in stocks.

 

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