Have been monitoring ComfortDelGro for a while but never in it for long term investment. Reason being simple. The competition is keen and they are cutting at each other throat. A lot of blood. I have a lot of concerns. Nevertheless I got some when it got near $2. However after reading their earning report, I think Oil price matters.
News : ComfortDelGro and Uber launch UberFLASH services in Singapore
When today news is out on the tie up with Uber, I decided to sell my shares which I bought for 2.8% profit. Just a little kopi money and for my concern of the creeping oil price. Don't get me wrong. This is still a good company but timing seems not right now. If the price continues to go up, good for them and shareholders. And I will just have to keep looking.
Cory
19 Jan 2018
News : ComfortDelGro and Uber launch UberFLASH services in Singapore
When today news is out on the tie up with Uber, I decided to sell my shares which I bought for 2.8% profit. Just a little kopi money and for my concern of the creeping oil price. Don't get me wrong. This is still a good company but timing seems not right now. If the price continues to go up, good for them and shareholders. And I will just have to keep looking.
Cory
19 Jan 2018
Do you mind sharing what do you think about the future of the company in 3-5 years time?
ReplyDeleteWhy do you buy the stock? Why did you sell it?
Will you re-enter if it falls lower?
CDG is a big company across large segments. The juicy part of their profit used to be is the taxi segment which is under pressured. 3 to 5 years time may need to see how successful autonomous VH develop that helps/impacts the business.
DeleteRight now is more short trading for me.