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Comfortdelgro Corporation

Thank you for sharing, hope his $150-160m core profit estimate is eventually found to be too conservative and the company outperforms, agree with him that valuations at 17-18x Forward P/E is not attractive. DBS analyst does not adopt a P/E based approach but a blend between EV/EBITDA (5.3x) and P/B (1.25x), both of which represent -1SD level from the 10-year mean to arrive at $1.85. It does not look like the stock will trade higher over the next few months. Next data point will be full year FY22 results in February, hoping for a bumper dividend announcement and perhaps improved 4Q22 numbers vs 3Q22. 

governor      ( Date: 30-Nov-2022 19:40) Posted: Commentary(comfortdelgro related) The biggest headline of the month was FTX bankruptcy. The spectacular failure of FTX had all the making of a Hollywood blockbuster. SBF came from been a hero to zero in a mere 3 years. The once 32b business managed to pull wool over some of the biggest investors in the world including our SWF. The ?bank man got fried? investing in the company. Billions were loss. Many people loss their saving. https://lonewolfinvestor.blogspot.com/2022/11/wolf-moneyportfolio-update-for-end-nov.html

 

Commentary(comfortdelgro related)

The biggest headline of the month was FTX bankruptcy. The spectacular failure of FTX had all the making of a Hollywood blockbuster. SBF came from been a hero to zero in a mere 3 years. The once 32b business managed to pull wool over some of the biggest investors in the world including our SWF. The ?bank man got fried? investing in the company. Billions were loss. Many people loss their saving.

https://lonewolfinvestor.blogspot.com/2022/11/wolf-moneyportfolio-update-for-end-nov.html

 

Commentary (comfortdelgro related)

It had been a while since I felt the butterflies in my stomach. There are plenty of mixed emotions at play. I would be lying if I told you I am not chuffed by the recent falling market. Finally value had arrived for a proper bargain hunt. On the other hand, it felt like déjà vu, the ghost of GFC had returned.

https://lonewolfinvestor.blogspot.com/2022/10/wolf-moneyportfolio-update-end-oct-2022.html

 

Brokers maintain ' buy' call on ComfortDelGro despite STI exit
https://www.straitstimes.com/business/companies-markets/brokers-maintain-buy-call-on-comfortdelgro-despite-its-sti-exit

 

Received yesterday.

miumiu      ( Date: 29-Aug-2022 20:20) Posted: Any idea when does the dividend get paid? On sgx portal it states 29 Aug

 

Any idea when does the dividend get paid? On sgx portal it states 29 Aug

 

Comfortdelgro related

https://lonewolfinvestor.blogspot.com/?m=1

 

  COMFORTDELGRO&rsquo S RESULTS FOR HALF-YEAR ENDED 30 JUNE 2022

&bull Revenue for the first six months increased by 6.7% to $1.86 billion as the world gradually emerged from the pandemic. Economic activity in all the countries we operate in, except for China, picked up during the last six months, resulting in a growth in demand for our services.
&bull Group operating profit increased by 30.5% to $175.6 million. - Underlying businesses continued to perform well. Operating profit excluding one-off gains including the sale of Alperton garage in the United Kingdom (UK) and government relief increased by 67.8% or $51.3 million.
&bull Net profit attributable to shareholders grew by 30.4% to $118.7 million, boosted by the one-off exceptional gain.
&bull Accordingly, an interim dividend of 2.85 cents and a special dividend of 1.41 cents has been declared. ...

https://links.sgx.com/1.0.0/corporate-announcements/3U3I0XBSUHVYZBTP/728278_CDG%20-%20Media%20Release%20-%20Financial%20Results%20for%20Q2FY2022.pdf

 

 

Public transport is a SERVICE, not a Business. If it is a business, it is a big loss business with the gov absorbing all the losses. If the contractors operating the service is paying dividends, it is only because the gov pays extras to enable it to.

What is the NAV of SBS? What determine its share price? Is this 'business' its own? Why must it be public listed? Where does the dividend money come from?

Do you have the answers Governor?

governor      ( Date: 10-Aug-2022 23:30) Posted: Short commentary, sbs transit result is an improvement from first quarter down 33.5% to down 5% in 1H22 with only two full months factor in after reopening. lukewong82      ( Date: 10-Aug-2022 18:25) Posted: SBS transit 5% drop in earnings compared to last year. So Comfortdelgro may not be having good profit.

 

Short commentary, sbs transit result is an improvement from first quarter down 33.5% to down 5% in 1H22 with only two full months factor in after reopening.

lukewong82      ( Date: 10-Aug-2022 18:25) Posted: SBS transit 5% drop in earnings compared to last year. So Comfortdelgro may not be having good profit.

 

SBS transit 5% drop in earnings compared to last year. So Comfortdelgro may not be having good profit.

 

Bro, not everything in Singapore you can make easy $$$. Besides the Metaverse wave sweeping across the Western World and Singapore, our gov had announced that Singapore is going to build the World's first ever under ground under sea city. You as governor sure you know. I estimate that perhaps half of our population will live in this new city where eveything one needs in his/her life time (hospital, residence, learning, leisue, work, nursing care, funeral setvices) will be in close proximity.

What is the demand of land transport in this under ground/sea city??? ZERO!!!🤯

governor      ( Date: 29-Jul-2022 10:00) Posted: Wolf Money(portfolio update end July 2022) comfortdelgro related Commentary Happy Birthday to my beloved country, Singapore, a place where I call home. If Singapore was a listed company which could be bought and sold like any other securities on the stock exchange. The ?Singapore stock? would have made you close to 158x return in 57 years. Singapore GDP per capita started at a mere USD $500 in 1965 had risen to USD 79k by end of 2021. https://lonewolfinvestor.blogspot.com/2022/07/wolf-moneyportfolio-update-end-july-2022.html

 

Result out newbies will buy and you will take profits is it Guru? 🤣

Entropy72      ( Date: 01-Aug-2022 07:54) Posted: Results out next Friday or thereabout.

 

Results out next Friday or thereabout.

 

Wolf Money(portfolio update end July 2022) comfortdelgro related

Commentary

Happy Birthday to my beloved country, Singapore, a place where I call home. If Singapore was a listed company which could be bought and sold like any other securities on the stock exchange. The ?Singapore stock? would have made you close to 158x return in 57 years. Singapore GDP per capita started at a mere USD $500 in 1965 had risen to USD 79k by end of 2021.

https://lonewolfinvestor.blogspot.com/2022/07/wolf-moneyportfolio-update-end-july-2022.html

 

CDC Victoria Will Continue to Deliver Reliable Bus Services in Regional Victoria
12 July 2022
CDC VIC Bus Drivers Standing In Front Of Buses
CDC Victoria, a wholly owned subsidiary of ComfortDelGro Corporation Australia (CDC), will continue to deliver its reliable and efficient bus services in Ballarat, Geelong, and Mildura with the renewal of its Regional Bus Services Contracts.

The renewed 10-year contracts have come into effect from 1 July 2022 and will cover major route services, some school services, and some V/Line services in the regional cities of Ballarat, Geelong and Mildura. The new contracts are modernised to deliver improved bus services, improved customer experience and greater transparency of bus performance.

CDC Victoria currently employs over 300 employees and operates over 240 buses in regional Victoria.

CDC Victoria CEO, Jeff Wilson, said he was excited with the company?s transition to the new contract arrangements and committed to delivering a great outcome for the regional communities.

Mr. Wilson added, ?CDC Victoria is pleased to continue to provide long-term employment opportunities for our regional people. We are proud to have a huge diversity in our workforce and this long-term contract will enable us to continue to contribute to better social outcomes for regional communities.

Another important facet of these contracts is transitioning to zero-emission vehicle technologies commencing in 2025 and achieving net-zero emissions by 2050.

?CDC is very experienced with the zero-emission buses internationally and the reduction of our environmental footprints is key to our sustainability,? said Mr. Wilson.

 

Wolf Money(ComfortDelgro Corporation)

This is a follow up on ComfortDelgro Corp. A good chunk of CDG revenue and profit came from public transport services. 75 percent owned SBS Transit just reported rail ridership for the month of June of 1.007m. Year on year ridership for June went up close to 76% from last year 570k. Ridership for month of June is close to 86% of pre covid level in 2019. A full recovery is on the way.

https://lonewolfinvestor.blogspot.com/2022/07/wolf-moneycomfortdelgro-corporation.html?m=1

 

Wolf Money(portfolio update end June 2022)long post!
(Comfortdelgro related)

Sell away in May and go away in June. The market jingle had its way after all. For the past two months if you had flown out to another country, away from the stock market for a well deserved holiday, you would had easily save 15% on your investment capital. The market had gone Gaga, no amount of ?hold my hand? can calm the market jitters. The closest thing of me taking to the sky was a trip to the cinema for a Top Gun sequence.

https://lonewolfinvestor.blogspot.com/2022/06/wolf-moneyportfolio-update-end-june.html