$ComfortDelGro(C52.SI)$ This is the only transportation stock I am holding now. After reaching $1.50 and a one year high in May, this stock went on a downtrend after ex-date in early May. Right now, July it’s finally showing some signs of positivity and of coz reliefs for bag holders like me, having witness its downward spiral during the pandemic, getting replaced in the STI main index after that. I am glad I did not sell in May and go away.
One good thing about C52 is that it has been very consistent in paying out dividends every year, which is at least 50% of its profits. The group has a very healthy cash flow, coming from their diverse range of services; Enginerring , EV charging, leasing, rail & transit . In 2023, the dividend yield was 5.09%. Besides operating the transport biz in SG, the group has also a diverse portfolio in 12 other countries such as UK, Ireland, China, Australia and Malaysia.
On the charts, it’s on an uptrend. Whether from the fundamental’s point of view or from technical analysis view, this is one stock worth looking at. Healthy finances plus ample room for further growth locally & overseas. The dividends payout should be able to offset any short term fluctuations.
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Comments
I am still holding some C52. I sold some during CV time and after excluded from STI index. I puzzle whether it can reach $1.80 in near future. It's dividend also declined after CV. It may get a few years before it reaches pre CV level.
In the long term, I am not so optimistic to maintain this share unless it's price drops to at around $1 range + and -.