Bought 16,000 shares of ComfortDelGro (CDG) at $1.56 on 19 Oct.
Reason for buying:
1) High potential to revert back above $2 in 2022
Gov had changed from "Zero COVID" to "Living with COVID" policy.
Thus, low chance Singapore will go into lockdown situation.
2) IPO in Australian Securities Exchange (ASX)
The IPO in ASX should be completed in Q4 2021 (News Link).
CDG also just completed "Acquisition of Assets in Australia" on 1 Oct (News Link).
3) Won Auckland Rail Franchise (ARF) contract worth $1.13B
4) ComfortDelGro consortium wins public EV charging infrastructure tender (SG)
5) Operating profit $134.6m for 1H2021
6) Net cash increase to $417.3m
7) Dividend resumed
8) CDG is stronger right now than in 2020
I had bought 14,000 shares at $1.45 on Jul 2020 (Link), 13,000 shares at $1.43 on Sep 2020 (Link) and 18,600 shares at $1.57 on Feb 2021 (Link).
The price today at $1.56 is definitely safer than my previous 3 buy of CDG.
Related post:
1) SOLD: ComfortDelGro (Jun 2021)
3) Added: ComfortDelGro (CDG) Feb 2021
Wow, how many CDG shares you have in total ?
ReplyDeleteOnly 16,000 shares as of today.
ReplyDeleteThe previous 45,600 shares was sold in Jun 2021
https://compoundingdividendxdividend.blogspot.com/2021/06/sold-comfortdelgro.html?m=1