Wolf Money(ComfortDelgro Corporation)

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(Strong improvement in rail ridership number)


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 came in at 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. I estimated ridership to hit pre covid level by the last quarter of 2022.


If



Yesterday I dropped by Vicom inspection centre at around 3pm. Long queues are forming at inspection lanes. Average waiting time is around 30min-1hr. Vicom business is likely to experience a boom due to old cars extending their useful life no thank to high cost of COE which hit 110k recently. Vicom is majority owned by Comfortdelgro Corporation.


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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for information only. Buyer beware,do you own due diligence.

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