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ComfortDelGro
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ComfortDelGro
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New123
Elite |
02-Dec-2010 16:49
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Hope to make some extra money.. ComfortDelgro |
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enghou
Senior |
02-Dec-2010 16:37
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Credit Suisse maintained Outperform Rating on Comfort Delgro We see ridership growth metrics for both rail and bus operations recovering on the back of improving economic fundamentals and tourist arrivals further boosting taxi demand, with CD betterleveraged given its dominant share of the Singapore taxi market. ● We see continued execution of key initiatives in the government’s 2008 Land Transport Review, with aims to raise public transport ridership over the longer term. This should, in aggregate, provide strong tailwinds for the operators. ● Key events and catalysts include: 1) the government taking over as centralised bus route planner, with routes opened up for competitive tendering, 2) commencement of the final phase of the Circle Line in 1H11, and 3) the much-anticipated award of the Downtown Line (DTL) contract. ● We maintain our OUTPERFORM rating on Comfort Delgro, as we see it as better-leveraged into an economic recovery, and given its strong overseas growth profile. We maintain UNDERPERFORM on SMRT on valuation grounds, given 9% potential downside to our S$1.85 target price. Comfort Delgro better leveraged to strong taxi demand Comfort Delgro saw its Singapore taxi revenue and operating profit jump 13% and 34%, respectively, for its recent September quarter, driven by a larger fleet (up 5% YoY), higher rentals, with new Sonata models and cashless transaction volumes, reflecting strong underlying demand. Improving macro conditions and rising tourist arrivals should support growth volumes of daily taxi trips going forward. We see CD as bestleveraged to gain given its dominant 60% market share, via cost savings on lower driver rebates, higher volume of call bookings, an increase in daily rental rates, improvement in fleet utilisation, and potential expansion of its taxi fleet. Make love more, don't make more enemies |
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terencefok
Master |
17-Nov-2010 16:50
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Yes, will go up. | ||||
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New123
Elite |
17-Nov-2010 16:33
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It has managed to close $1,53 as indicated earlier and may test $1.59 - $1.60 ..
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bsiong
Supreme |
17-Nov-2010 01:07
Yells: "The Greatest Wealth is Health" |
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Phillip Securities Research Pte Ltd Singapore 15 Nov 2010 Comfort Delgro – Results (Toh wei kiong) Recommendation: Buy Previous close: S$1.46 Fair value: S$1.75
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enghou
Senior |
16-Nov-2010 17:02
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ComfortDelgro: BUY (upgrade from HOLD); S$1.46; Bloomberg Code: CD SP Get onboard Price Target : 12 months S$ 1.79 (Prev S$ 1.65) by: Andy SIM CFA +65 6398 7969 3Q10 +10% yoy, above our expectations on better revenues from Bus and Taxi and lower costs FY10-11F earnings raised by 4%-6% Upgrade to Buy, TP raised to S$1.79 with 26% total return; potential DTL contract win and improving ops should propel share price 3Q above expectations, a record net profit quarter. 3Q net profit grew by 10% yoy to S$61.4m on the back of 5% topline growth to S$823.4m. This was slightly above our expectations on the back of a better-than-expected bus and taxi revenue contribution and slower growth in costs. Operating expenses increased by a slower clip at 3.7% vis-à-vis topline’s 5%, resulting in improvement in operating margin to 12.9% in 3Q10 (3Q09: 11.6%). Time is right to get onboard; upgrade to Buy. We are upgrading our recommendation to Buy as we see near to medium term catalysts for ComfortDelgro. These include: (i) ComfortDelgro is the likely candidate to clinch the DTL contract; (ii) Singapore operations to benefit from better public transport network; (ii) UK ops upturn looks sustainable; (iv) Australia should continue to show robust growth; (v) undemanding valuations of 12.5x PE vs SMRT’s 17.5x (FYE Mar 12). Raised forecasts by 4%/ 6%, see more upside than down. We raised our FY10F/ 11F forecasts by 4%/ 6% as we factor in (i) contributions from recently completed acquisition of Swan Taxis in Perth; (ii) higher revenue contributions from Singapore taxis arising from its higher rental/ expanded fleet. Consequently, we raised our TP to S$1.79 (26% upside) on the back of our earnings revision and as we roll our PE/ DCF valuation to FY11F, from blended FY10F/11F. Key risk to our recommendation is surge in oil price. Source: DBS Secs Make Love More, Don't Make More Enemies |
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New123
Elite |
15-Nov-2010 14:47
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Technically looking good . It may test $1.53 soon. Comfort Delgro |
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alexchia01
Elite |
08-Nov-2010 12:11
Yells: "Catch The Stars And Ride With Them" |
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Today is Still, Still a Good Day to BuyComfortDelGro.
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alexchia01
Elite |
02-Nov-2010 12:44
Yells: "Catch The Stars And Ride With Them" |
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Today is still a Good Day to Buy ComfortDelGro. Now trading at $1.47. Good luck.
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alexchia01
Elite |
01-Nov-2010 12:51
Yells: "Catch The Stars And Ride With Them" |
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Today is a Good Day to Buy ComfortDelGro. Business: Passenger Land Transportation; Taxi, Bus, Rail, Car Rental and Leasing; Automotive Engineering, Maintenance Services, Inspection, Test and Assessment Services; Learner Drivers’ Instruction Services; Insurance Brokerage Services and Outdoor Advertising; In South Asia and Europe. Now Trading at $1.48 1. In an Downtrend Channel. However, just bounded off its support level of $1.46. Potential High of $1.53. 2. Fibonacci support level is $1.475, this is a strong support level. If Price can close above this Support Level today, there is a high chance of price moving upwards. If price breaks this support level, it can fall to $1.38. 3. MACD lines are reversing upwards, but there are some sign of weakness. 4. Stochastic lines have crossed and moving upwards. Still in Oversold Region. 5. Revenue, Profit and Cash Flow for QoQ are Good. This is a safe company. 6. STI turns Bullish today. This is a Good Time to start Buying. Stop-Loss Below $1.445. Target Price: $1.530. More on my Blog at Alex Trades. This is just my personal analysis. You invest at your own risk. Good luck to all. |
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New123
Elite |
07-Oct-2010 09:25
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Now is time for this counter to move. Technically looks positive.. I think is going to test 1.59 - 1.60..
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New123
Elite |
06-Oct-2010 14:04
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I think is a good opportunity to buy on dip..Defensive counter.. | ||||
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New123
Elite |
05-Oct-2010 14:11
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I think is moving up soon.. Bus/Train/Taxi |
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chtan5751
Member |
04-Oct-2010 17:45
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This is one of the most disappointing STI component stocks counter, hope the price can up to $1.60..
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artng25
Senior |
04-Oct-2010 07:16
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Great prospect....... and ST Engg too ! But have to look at least mid-term
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New123
Elite |
03-Oct-2010 23:19
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The Technical charts is pointing at a favorable condition and I think is a good time to accumulate some ? Comfort Delgro |
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wongmx6
Veteran |
18-Aug-2010 12:10
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Just look at its recent announce half yearly report. this counter is overvalue. profit only at 5.xx cents with price of $1.5X. upside is limited. |
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albeniz
Member |
18-Aug-2010 00:13
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Anyone here interested or bought this counter? Any prospect? | ||||
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temp123
Senior |
22-Apr-2010 14:44
Yells: "." |
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moved. | ||||
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Farmer
Master |
19-Apr-2010 17:08
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This one is so quiet recently, lets give it a kick on the back to move.... ComfortDelGro - OCBC IR Bullish break above downtrend line suggests more upside ahead More recovery to come. ComfortDelGro could see more upside potential, after successfully rebounding off the $1.53 key resistanceturned- support recently; this later led to a bullish break above its near 3-month downtrend line on heavy volume last Friday. Indicators are still bullish. The RSI has risen above the centerline while the MACD indicator has initiated a bullish crossover last week (see enlarged chart); they suggest that the upside momentum remains intact. Initial resistance at $1.67. On the upside, we peg the initial resistance at $1.67 (upper boundary of 8-month horizontal channel), breaking which, the next resistance is at $1.74 (support-turnedresistance). Immediate support at $1.53. Meanwhile, key $1.53 becomes the immediate support, ahead of $1.42 (resistance-turned-support) and $1.25 (various troughs from Feb-Jul ‘09). 
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